Corient Private Wealth LP Boosts Stock Position in Owens Corning Inc $OC

Key Points

• Corient Private Wealth increased its Owens Corning position by 41.8% in the second quarter, bringing its holdings to 40,157 shares valued at approximately $6.38 million. Institutional investors collectively own 88.4% of the company.
• Owens Corning exceeded quarterly expectations, reporting adjusted EPS of $3.93 versus the $3.09 consensus and revenue of $2.76 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $164.15.
• The company declared a $0.79 quarterly dividend, equivalent to $3.16 annually and a yield of roughly 2.6%. However, weakness in the housing market remains a key risk to building-materials demand.

Corient Private Wealth LP lifted its position in Owens Corning Inc (NYSE:OC - Free Report) by 41.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,157 shares of the construction company's stock after purchasing an additional 11,841 shares during the quarter. Corient Private Wealth LP owned about 0.05% of Owens Corning worth $6,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC raised its position in Owens Corning by 18.8% during the 2nd quarter. HighTower Advisors LLC now owns 10,733 shares of the construction company's stock worth $1,706,000 after buying an additional 1,701 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Owens Corning during the 2nd quarter worth approximately $2,114,000. Widmann Financial Services Inc. purchased a new position in shares of Owens Corning during the 2nd quarter valued at approximately $263,000. HB Wealth Management LLC lifted its stake in shares of Owens Corning by 68.7% in the 2nd quarter. HB Wealth Management LLC now owns 8,561 shares of the construction company's stock valued at $1,361,000 after purchasing an additional 3,486 shares during the period. Finally, NBH Bank purchased a new stake in Owens Corning during the second quarter worth $47,000. Institutional investors and hedge funds own 88.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OC shares. Evercore reiterated an "outperform" rating and set a $193.00 price target on shares of Owens Corning in a research report on Thursday, July 23rd. The Goldman Sachs Group upped their target price on Owens Corning from $141.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Benchmark reissued a "hold" rating on shares of Owens Corning in a research note on Wednesday, July 15th. Barclays boosted their price target on shares of Owens Corning from $170.00 to $177.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Owens Corning from $136.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Owens Corning presently has a consensus rating of "Moderate Buy" and an average price target of $164.15.

Owens Corning Stock Performance

Shares of OC stock opened at $123.75 on Friday. Owens Corning Inc has a 52 week low of $97.53 and a 52 week high of $159.91. The firm has a 50 day moving average of $141.90 and a two-hundred day moving average of $127.82. The company has a quick ratio of 0.67, a current ratio of 1.16 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $9.78 billion, a PE ratio of -15.35, a P/E/G ratio of 1.86 and a beta of 1.32.

Owens Corning (NYSE:OC - Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $3.93 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 firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the previous year, the firm posted $4.21 EPS. Owens Corning's revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts predict that Owens Corning Inc will post 9.94 EPS for the current fiscal year.

Owens Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, October 19th will be paid a $0.79 dividend. The ex-dividend date is Monday, October 19th. This represents a $3.16 dividend on an annualized basis and a yield of 2.6%. Owens Corning's dividend payout ratio (DPR) is currently -39.21%.

Insider Transactions at Owens Corning

In other news, insider Rachel Barthelemy Marcon sold 900 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $144.07, for a total transaction of $129,663.00. Following the completion of the transaction, the insider directly owned 21,449 shares of the company's stock, valued at approximately $3,090,157.43. This represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is owned by company insiders.

Trending Headlines about Owens Corning

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

• Positive Sentiment: The board declared a quarterly cash dividend of $0.79 per share, payable November 5 to shareholders of record on October 19. The dividend implies an annualized payout of $3.16 and a yield of roughly 2.5%–2.6%, supporting the stock’s income appeal. Owens Corning Declares Third-Quarter 2026 Dividend
• Positive Sentiment: Zacks Research upgraded OC from “Hold” to “Strong Buy,” reflecting optimism about the company’s earnings outlook, cash generation and operating performance.
• Positive Sentiment: Analysts point to resilient Roofing demand, improving Insulation trends, cost reductions and strong free cash flow as potential supports for further gains. Infrastructure and data-center construction could also provide longer-term demand outside traditional residential housing. Owens Corning Stock Rises 17% in Six Months
• Neutral Sentiment: The dividend declaration is subject to future board approval and depends on earnings, financial condition, cash needs and business prospects; it does not by itself signal a change in the company’s earnings outlook.
• Negative Sentiment: Persistent weakness in the housing market remains a key risk for Owens Corning, potentially limiting demand for building materials and offsetting strength in commercial and infrastructure projects. Execution will be important as the company navigates cost pressures and uneven end-market conditions. Owens Corning Navigating Through the Moribund Housing Market
• Negative Sentiment: OC recently underperformed the broader market in the prior session, indicating that investors remain cautious despite the six-month rally and positive analyst commentary. Owens Corning Falls More Steeply Than Broader Market

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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