Nykredit A S Makes New Investment in Owens Corning Inc $OC

Key Points

• Nykredit A/S acquired 1.04 million Owens Corning shares during the second quarter, valued at approximately $166.1 million and representing about 1.32% of the company. Institutional investors collectively own 88.4% of the stock.
• Owens Corning reported quarterly EPS of $3.93, exceeding analysts’ $3.09 estimate, while revenue reached $2.76 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $164.15.
• The company declared a quarterly dividend of $0.79 per share, equivalent to an annualized $3.16 dividend and a 2.5% yield; shares recently opened at $124.68, below their 50-day moving average.

Nykredit A S acquired a new position in shares of Owens Corning Inc (NYSE:OC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,044,808 shares of the construction company's stock, valued at approximately $166,083,000. Nykredit A S owned approximately 1.32% of Owens Corning as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LP increased its holdings in Owens Corning by 41.8% during the second quarter. Corient Private Wealth LP now owns 40,157 shares of the construction company's stock worth $6,383,000 after buying an additional 11,841 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Owens Corning by 18.8% in the 2nd quarter. HighTower Advisors LLC now owns 10,733 shares of the construction company's stock valued at $1,706,000 after acquiring an additional 1,701 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Owens Corning during the 2nd quarter worth about $2,114,000. Widmann Financial Services Inc. bought a new stake in shares of Owens Corning in the 2nd quarter valued at about $263,000. Finally, HB Wealth Management LLC raised its holdings 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. 88.40% of the stock is owned by institutional investors.

Owens Corning Stock Down 1.5%

Owens Corning stock opened at $124.68 on Friday. The company's 50-day moving average price is $142.29 and its two-hundred day moving average price is $127.85. 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 cap of $9.86 billion, a P/E ratio of -15.47, a P/E/G ratio of 1.90 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 quarterly earnings data on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.09 by $0.84. The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.66 billion. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The business's revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.21 earnings per share. As a group, analysts expect that Owens Corning Inc will post 9.94 EPS for the current year.

Owens Corning Announces Dividend

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

Analysts Set New Price Targets

OC has been the subject of a number of research analyst reports. Evercore reiterated an "outperform" rating and set a $193.00 price target on shares of Owens Corning in a report on Thursday, July 23rd. Citigroup upped their price objective on Owens Corning from $149.00 to $177.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Owens Corning from $136.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Weiss Ratings raised Owens Corning from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 24th. Finally, Barclays raised their price target on Owens Corning from $170.00 to $177.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.15.

Key Stories Impacting 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

Insider Activity at Owens Corning

In other Owens Corning news, insider Rachel Barthelemy Marcon sold 900 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $144.07, for a total transaction of $129,663.00. Following the transaction, the insider owned 21,449 shares in the company, valued at $3,090,157.43. This represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.92% of the company's stock.

Owens Corning Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.