Owens Corning (NYSE:OC) Price Target Raised to $148.00

Key Points

• Royal Bank of Canada raised its price target on Owens Corning to $148 and maintained an "outperform" rating, implying roughly a 21% upside from the prior close.
• Owens Corning reported stronger‑than‑expected Q1 results (adjusted EPS of $1.22 vs. $1.01 consensus and revenue of ~$2.27B) and issued raised Q2 revenue guidance (~$2.6B–$2.7B), signaling resilience despite year‑over‑year revenue declines.
• Analysts’ average price target is about $146.33 (consensus "Moderate Buy"), and institutional ownership is high (~88%), with several large funds materially increasing positions recently.

Owens Corning (NYSE:OC - Get Free Report) had its price target hoisted by equities research analysts at Royal Bank Of Canada from $134.00 to $148.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Royal Bank Of Canada's price objective points to a potential upside of 21.01% from the stock's previous close.

A number of other research firms also recently commented on OC. Citigroup dropped their price objective on Owens Corning from $137.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, January 8th. Argus raised Owens Corning to a "strong-buy" rating in a research note on Wednesday, January 14th. Barclays decreased their target price on Owens Corning from $138.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. The Goldman Sachs Group boosted their target price on Owens Corning from $125.00 to $141.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Truist Financial boosted their target price on Owens Corning from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $146.33.

Owens Corning Trading Down 0.6%

NYSE OC traded down $0.73 on Thursday, reaching $122.30. The company had a trading volume of 536,679 shares, compared to its average volume of 1,387,865. The stock's 50 day moving average is $113.92 and its 200-day moving average is $117.03. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of -19.13, a PEG ratio of 2.08 and a beta of 1.35. The company has a quick ratio of 0.70, a current ratio of 1.26 and a debt-to-equity ratio of 1.20. Owens Corning has a 52 week low of $97.53 and a 52 week high of $159.42.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OC. Arrowstreet Capital Limited Partnership boosted its position in shares of Owens Corning by 460.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,313,019 shares of the construction company's stock worth $146,940,000 after buying an additional 1,078,877 shares during the period. Norges Bank acquired a new position in shares of Owens Corning during the fourth quarter worth about $119,748,000. Allspring Global Investments Holdings LLC boosted its position in shares of Owens Corning by 721.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,170,179 shares of the construction company's stock worth $125,513,000 after buying an additional 1,027,800 shares during the period. Gendell Jeffrey L boosted its position in shares of Owens Corning by 349.3% during the fourth quarter. Gendell Jeffrey L now owns 922,063 shares of the construction company's stock worth $103,188,000 after buying an additional 716,839 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Owens Corning by 33.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,576,405 shares of the construction company's stock worth $288,332,000 after buying an additional 645,773 shares during the period. 88.40% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Owens Corning

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

• Positive Sentiment: Q1 beat: Adjusted EPS of $1.22 topped consensus ($1.01) and revenue of ~$2.27B beat estimates. The company also reported solid adjusted EBITDA and operating metrics that investors viewed as resilience in a slower market. Read More.
• Positive Sentiment: Revenue guidance raised for Q2: management issued a revenue range (~$2.6B–$2.7B) above Street consensus (~$2.5B), signaling better near‑term demand than feared. Read More.
• Positive Sentiment: Analyst sentiment supports upside: published average price target near $145, implying upside from current levels for some investors. Read More.
• Neutral Sentiment: Conference call & filings available — full transcript and slides provide management commentary on mix, pricing, and the completed portfolio shift to branded building products for deeper diligence. Read More. • Read More.
• Positive Sentiment: Market reaction: early headlines framed Q1 as “bullish” and the stock initially rallied on the beat + guidance lift, reflecting investor appetite for companies showing margin resilience. Read More.
• Negative Sentiment: Material year‑over‑year decline: reported revenue and EPS are down significantly vs. prior year (revenue down ~10.5% YoY; EPS from $2.97 to $1.22), underscoring cyclical pressure and that current results include adjustments — a risk to re‑rating. Read More.
• Negative Sentiment: Profitability / metric noise: some sources show low/negative net margin metrics on reported basis (adjustments drive the difference between GAAP and adjusted results), and the company carries leverage that investors will watch as volumes fluctuate. Read More.

Owens Corning Company Profile

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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