Owens Corning Inc $OC Shares Sold by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System trimmed its stake in Owens Corning by 20.8%, selling 11,958 shares and leaving 45,588 shares worth about $5.10 million (≈0.06% ownership).
• Owens Corning beat Q1 EPS—$1.22 vs. $1.01 consensus—and guided Q2 revenue to roughly $2.6–$2.7 billion (above consensus), while announcing a portfolio shift toward higher‑margin branded building products.
• Despite the beat, revenue from continuing operations fell about 10% YoY to roughly $2.3 billion and GAAP net margins were weak (negative net margin and materially lower GAAP EPS), which clouds the near‑term outlook.

New York State Teachers Retirement System trimmed its stake in Owens Corning Inc (NYSE:OC - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,588 shares of the construction company's stock after selling 11,958 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Owens Corning worth $5,102,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Owens Corning in the fourth quarter worth $37,000. Root Financial Partners LLC acquired a new position in shares of Owens Corning in the third quarter worth $39,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Owens Corning in the third quarter worth $42,000. V Square Quantitative Management LLC acquired a new position in shares of Owens Corning in the fourth quarter worth $49,000. Finally, Torren Management LLC acquired a new position in shares of Owens Corning in the fourth quarter worth $51,000. 88.40% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Owens Corning

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

• Positive Sentiment: Q1 EPS beat — OC reported $1.22 GAAP/adjusted EPS versus a $1.01 consensus, showing better-than-expected profitability on a per-share basis and helping sentiment. Article Title
• Positive Sentiment: Q2 revenue guidance appears set above consensus (roughly $2.6B–$2.7B vs. ~$2.5B consensus), which supports upside expectations for near-term revenue recovery. (Company guidance and slide deck published with the results.) Slide Deck / Guidance
• Positive Sentiment: Strategic update — Owens Corning says it completed a portfolio shift toward branded building products, positioning the business for higher-margin branded growth over time. That repositioning is being framed as a positive long-term structural move. Press Release
• Neutral Sentiment: Full materials and call transcript available — management’s prepared remarks and the analyst Q&A (useful for modeling) are posted, so investors can drill into segment details and margin drivers. Earnings Call Transcript
• Neutral Sentiment: Analyst consensus price target sits around $145.09, implying upside from current levels if guidance and margin progression hold. Analyst PT Summary
• Negative Sentiment: Revenue and EPS compression — net sales from continuing operations declined ~10% YoY to ~$2.3B and GAAP EPS from continuing operations fell materially versus prior-year $2.97, highlighting demand softness/cost mix pressures in the quarter. Earnings Release
• Negative Sentiment: Mixed margins and accounting effects — reported net margin metrics are weak (low singled-digit net margin / some negative net-margin framing in certain reports), and GAAP diluted EPS from continuing ops ($0.47) trails adjusted figures, which can complicate near-term investor interpretation. MarketBeat Summary

Owens Corning Stock Performance

Owens Corning stock opened at $122.92 on Thursday. The firm has a market capitalization of $9.88 billion, a P/E ratio of -19.21, a PEG ratio of 2.08 and a beta of 1.35. The stock has a fifty day moving average price of $113.92 and a 200 day moving average price of $117.03. Owens Corning Inc has a 52 week low of $97.53 and a 52 week high of $159.42. The company has a current ratio of 1.26, a quick ratio of 0.70 and a debt-to-equity ratio of 1.20.

Owens Corning (NYSE:OC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.21. Owens Corning had a positive return on equity of 21.93% and a negative net margin of 5.17%.The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business earned $2.97 earnings per share. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. Equities research analysts anticipate that Owens Corning Inc will post 9.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OC. UBS Group boosted their price target on Owens Corning from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Evercore set a $130.00 target price on Owens Corning in a research note on Friday, April 24th. Citigroup dropped their target price on Owens Corning from $137.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, January 8th. Zacks Research upgraded Owens Corning from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Owens Corning in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Owens Corning currently has an average rating of "Moderate Buy" and a consensus price target of $145.09.

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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