Janus Henderson Group PLC Has $6.10 Million Stake in Owens Corning Inc $OC

Key Points

• Janus Henderson increased its Owens Corning stake by 51.9% in the first quarter, owning 56,351 shares worth approximately $6.1 million. Institutional investors and hedge funds collectively hold 88.4% of the company.
• Owens Corning reported quarterly EPS of $3.93, beating the $3.09 consensus estimate, while revenue of $2.76 billion also exceeded expectations. Shares opened at $150.54, near the company’s 12-month high of $159.91.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $159.75; Owens Corning also pays a quarterly dividend of $0.79 per share, equal to a 2.1% annualized yield.

Janus Henderson Group PLC grew its position in Owens Corning Inc (NYSE:OC - Free Report) by 51.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,351 shares of the construction company's stock after purchasing an additional 19,251 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Owens Corning worth $6,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in Owens Corning by 61.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 482 shares of the construction company's stock valued at $69,000 after buying an additional 184 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Owens Corning during the 2nd quarter worth approximately $277,000. EverSource Wealth Advisors LLC grew its stake in shares of Owens Corning by 1,433.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,273 shares of the construction company's stock worth $175,000 after acquiring an additional 1,190 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Owens Corning by 294.3% in the second quarter. Cerity Partners LLC now owns 17,372 shares of the construction company's stock valued at $2,389,000 after purchasing an additional 12,966 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of Owens Corning by 12.2% in the second quarter. Bank of Nova Scotia now owns 3,059 shares of the construction company's stock worth $421,000 after purchasing an additional 333 shares in the last quarter. 88.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OC has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Owens Corning from $141.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, July 10th. Barclays upped their target price on Owens Corning from $170.00 to $177.00 and gave the stock an "overweight" rating in a report on Thursday. Truist Financial set a $198.00 price objective on Owens Corning in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Owens Corning from $136.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Owens Corning from $148.00 to $172.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $159.75.

Owens Corning Price Performance

Shares of NYSE OC opened at $150.54 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 1.10. The business's 50 day moving average price is $136.11 and its two-hundred day moving average price is $124.93. The company has a market cap of $12.12 billion, a PE ratio of -18.68, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. Owens Corning Inc has a twelve month low of $97.53 and a twelve month high of $159.91.

Owens Corning (NYSE:OC - Get Free Report) last issued 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. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.66 billion. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.21 EPS. On average, analysts predict that Owens Corning Inc will post 9.55 EPS for the current year.

Owens Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 20th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, July 20th. Owens Corning's payout ratio is -47.81%.

Insider Activity at Owens Corning

In other news, insider Rachel Barthelemy Marcon sold 700 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $120.71, for a total value of $84,497.00. Following the transaction, the insider directly owned 15,848 shares of the company's stock, valued at $1,913,012.08. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 currently owned by corporate insiders.

Key Headlines Impacting Owens Corning

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

• Positive Sentiment: Owens Corning reported second-quarter EPS of $3.93, well above the $3.09–$3.06 analyst consensus, while revenue of $2.76 billion also exceeded expectations of approximately $2.66 billion. The earnings beat is the primary catalyst supporting the stock. Owens Corning Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The results indicate resilient demand and execution in Owens Corning’s construction-related businesses. Revenue increased slightly year over year, while the substantial earnings beat likely improved investor sentiment despite EPS declining from $4.21 in the prior-year quarter. Owens Corning 2026 Q2 Results Presentation
• Neutral Sentiment: Owens Corning’s shares are trading well above their 50-day and 200-day moving averages and near the 12-month high, reflecting strong recent momentum but also elevated expectations after the rally.
• Negative Sentiment: Management guided third-quarter revenue to $2.6 billion–$2.7 billion, versus the $2.7 billion consensus estimate. The absence of a reported EPS outlook and the potential for revenue to come in below expectations create a near-term cautionary signal. Owens Corning Delivers Strong Q2 2026 Numbers
• Negative Sentiment: Truist raised its price target from $125 to $140 but maintained a “hold” rating. The new target remains below the recent trading level, suggesting the analyst views the shares as fully valued following the earnings-driven advance. Truist Raises Owens Corning Price Target

About Owens Corning

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company's core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.

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