Bank of America Corp DE Buys New Position in Owens Corning Inc $OC

Bank of America Corp DE bought a new stake in Owens Corning Inc (NYSE:OC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 840,997 shares of the construction company's stock, valued at approximately $133,685,000. Bank of America Corp DE owned approximately 1.06% of Owens Corning at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of OC. BlackRock Inc. purchased a new position in Owens Corning in the 2nd quarter valued at approximately $1,401,161,000. Dimensional Fund Advisors LP increased its position in shares of Owens Corning by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,764,616 shares of the construction company's stock worth $299,167,000 after acquiring an additional 188,211 shares during the period. First Trust Advisors LP increased its position in shares of Owens Corning by 22.7% during the first quarter. First Trust Advisors LP now owns 2,179,214 shares of the construction company's stock worth $235,835,000 after acquiring an additional 403,803 shares during the period. LSV Asset Management raised its stake in shares of Owens Corning by 1.0% in the fourth quarter. LSV Asset Management now owns 1,463,671 shares of the construction company's stock valued at $163,799,000 after acquiring an additional 14,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Owens Corning by 460.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,313,019 shares of the construction company's stock valued at $146,940,000 after acquiring an additional 1,078,877 shares in the last quarter. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Owens Corning

In other Owens Corning news, insider Rachel Barthelemy Marcon sold 900 shares of Owens Corning stock in a transaction on Friday, August 28th. The shares were sold at an average price of $144.07, for a total value of $129,663.00. Following the transaction, the insider directly owned 21,449 shares in the company, valued at approximately $3,090,157.43. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OC shares. Barclays boosted their target price on Owens Corning from $170.00 to $177.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Truist Financial set a $198.00 price target on shares of Owens Corning in a research note on Thursday, August 6th. Citigroup boosted their price target on shares of Owens Corning from $149.00 to $177.00 and gave the stock a "buy" rating in a report on Friday, August 7th. The Goldman Sachs Group boosted their target price on shares of Owens Corning from $141.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Finally, Evercore reissued an "outperform" rating and issued a $193.00 target price on shares of Owens Corning in a report on Thursday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Owens Corning presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.15.

Trending Headlines about Owens Corning

Here are the key news stories impacting Owens Corning this week:

• Positive Sentiment: Quarterly dividend maintained: Owens Corning declared a quarterly cash dividend of $0.79 per share, payable November 5 to shareholders of record on October 19. The dividend represents an indicated yield of approximately 2.5% and signals continued shareholder returns. Owens Corning Declares Third-Quarter 2026 Dividend
• Positive Sentiment: Analyst upgrade: Zacks Research upgraded OC from “hold” to “strong-buy,” adding a favorable near-term catalyst and reflecting confidence in the company’s earnings and operating prospects.
• Positive Sentiment: Growth opportunities remain: Analysts point to resilient Roofing demand, improving Insulation trends, cost reductions and strong cash flow. Infrastructure and data-center construction could also support demand for building products, partially offsetting housing weakness. Owens Corning Stock Rises 17% in Six Months
• Neutral Sentiment: Board addition: Michael DeVito, former Freddie Mac CEO, joined Owens Corning’s board and its Audit, Finance and Technology committees. His housing-market and financial-services experience could benefit governance, though the immediate earnings impact is likely limited. Owens Corning Elects Michael DeVito to Board of Directors
• Negative Sentiment: Housing-market concerns: A moribund housing market and elevated construction costs could continue to pressure demand, particularly in residential-oriented businesses. Investors are also watching whether management can execute its cost-cutting and demand-recovery plans. Owens Corning: Navigating Through the Moribund Housing Market

Owens Corning Price Performance

Shares of OC opened at $124.68 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.16 and a quick ratio of 0.67. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.91. The stock has a market cap of $9.86 billion, a PE ratio of -15.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32. The firm has a fifty day moving average price of $142.29 and a 200 day moving average price of $127.85.

Owens Corning (NYSE:OC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.84. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the company posted $4.21 earnings per share. The business's quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Owens Corning Inc will post 9.94 EPS for the current year.

Owens Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, October 19th will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, October 19th. This represents a $3.16 dividend on an annualized basis and a yield of 2.5%. Owens Corning's dividend payout ratio is currently -39.21%.

About Owens Corning

Owens Corning NYSE: OC is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its portfolio includes insulation, roofing materials and glass-fiber composites designed to improve energy efficiency, durability and structural performance.

The company's insulation products include fiberglass, mineral wool and foam insulation, as well as related air-sealing and weatherization products. Its roofing business provides asphalt shingles, roofing components and other solutions for residential and commercial applications.

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