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NYSE:OC

Owens Corning (OC) Stock Price, News & Analysis

$152.81
+1.14 (+0.75%)
(As of 03/4/2024 ET)
Today's Range
$152.41
$154.71
50-Day Range
$139.95
$159.46
52-Week Range
$88.86
$160.18
Volume
672,265 shs
Average Volume
695,995 shs
Market Capitalization
$13.30 billion
P/E Ratio
11.65
Dividend Yield
1.57%
Price Target
$157.43

Owens Corning MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
3.0% Upside
$157.43 Price Target
Short Interest
Healthy
1.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.97
Upright™ Environmental Score
News Sentiment
1.23mentions of Owens Corning in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$2.72 M Sold Last Quarter
Proj. Earnings Growth
16.05%
From $14.14 to $16.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.97 out of 5 stars

Construction Sector

1st out of 99 stocks

Abrasive, Asbestos, & Miscellaneous Nonmetallic Mineral Products Industry

1st out of 1 stocks


OC stock logo

About Owens Corning Stock (NYSE:OC)

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.

OC Stock Price History

OC Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Should Value Investors Buy Owens Corning (OC) Stock?
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Owens-Corning Inc Insider Sells Company Shares
Owens Corning just downgraded at Zelman , here's why
Owens Corning (NYSE:OC) Q4 2023 Earnings Call Transcript
Q4 2023 Owens Corning Earnings Call
Decoding Owens-Corning Inc (OC): A Strategic SWOT Insight
Owens Corning Q4 Profit Increases, beats estimates
Owens Corning Q4 2023 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 1/19 Dividend
1/05/2024
Dividend Payable
1/19/2024
Last Earnings
2/14/2024
Ex-Dividend for 4/4 Dividend
3/01/2024
Today
3/04/2024
Dividend Payable
4/04/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Abrasive, asbestos, & miscellaneous nonmetallic mineral products
Sub-Industry
Building Products
CUSIP
69074210
Employees
18,000
Year Founded
1938

Price Target and Rating

Average Stock Price Target
$157.43
High Stock Price Target
$180.00
Low Stock Price Target
$134.00
Potential Upside/Downside
+2.4%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

Net Income
$1.20 billion
Pretax Margin
16.44%

Debt

Sales & Book Value

Annual Sales
$9.68 billion
Cash Flow
$21.91 per share
Book Value
$58.34 per share

Miscellaneous

Free Float
86,232,000
Market Cap
$13.38 billion
Optionable
Optionable
Beta
1.46

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OC Stock Analysis - Frequently Asked Questions

Should I buy or sell Owens Corning stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Owens Corning in the last twelve months. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OC, but not buy additional shares or sell existing shares.
View OC analyst ratings
or view top-rated stocks.

What is Owens Corning's stock price target for 2024?

14 brokers have issued 1 year price targets for Owens Corning's shares. Their OC share price targets range from $134.00 to $180.00. On average, they expect the company's share price to reach $157.43 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for OC
or view top-rated stocks among Wall Street analysts.

How have OC shares performed in 2024?

Owens Corning's stock was trading at $148.23 on January 1st, 2024. Since then, OC stock has increased by 3.1% and is now trading at $152.81.
View the best growth stocks for 2024 here
.

Are investors shorting Owens Corning?

Owens Corning saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 1,670,000 shares, a drop of 21.2% from the January 31st total of 2,120,000 shares. Based on an average trading volume of 727,200 shares, the short-interest ratio is presently 2.3 days. Currently, 1.9% of the company's shares are sold short.
View Owens Corning's Short Interest
.

When is Owens Corning's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our OC earnings forecast
.

How were Owens Corning's earnings last quarter?

Owens Corning (NYSE:OC) issued its quarterly earnings data on Wednesday, February, 14th. The construction company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.39. The construction company earned $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Owens Corning had a trailing twelve-month return on equity of 25.88% and a net margin of 12.36%. The firm's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 earnings per share.

How often does Owens Corning pay dividends? What is the dividend yield for Owens Corning?

Owens Corning declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Monday, March 4th will be given a dividend of $0.60 per share on Thursday, April 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for OC
.

Is Owens Corning a good dividend stock?

Owens Corning (NYSE:OC) pays an annual dividend of $2.40 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 18.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OC will have a dividend payout ratio of 14.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OC.

What is Brian Chambers' approval rating as Owens Corning's CEO?

73 employees have rated Owens Corning Chief Executive Officer Brian Chambers on Glassdoor.com. Brian Chambers has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Owens Corning own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Owens Corning investors own include Energy Transfer (ET), AT&T (T), Intel (INTC), Pfizer (PFE), Ford Motor (F), Micron Technology (MU), D.R. Horton (DHI), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Who are Owens Corning's major shareholders?

Owens Corning's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.24%), Dimensional Fund Advisors LP (2.59%), LSV Asset Management (2.56%), Victory Capital Management Inc. (1.67%), Allianz Asset Management GmbH (1.19%) and Northern Trust Corp (1.04%). Insiders that own company stock include Brian Chambers, Daniel T Smith, Gunner Smith, Kelly Schmidt, Marcio A Sandri, Paula Russell, Todd W Fister and W Howard Morris.
View institutional ownership trends
.

How do I buy shares of Owens Corning?

Shares of OC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Owens Corning have any subsidiaries?
The following companies are subsidiares of Owens Corning: 0979301 B.C. ULC, AS Paroc, Asahi Glass - Composites Business, Crown Mfg. Inc., Deutsche Foamglas GmbH, Dutch OC Coöperatief Invest U.A., European Owens Corning Fiberglas SRL, FOAMGLAS (Italia) SRL, FOAMGLAS (Nordic) AB, FiberTEK Insulation, Fibreboard Corp., Finefiber (Shanghai) Building Material Co. Ltd., Finefiber Insulation Co. Pte. Ltd., IBCO SRL, IPM Inc., InterWrap, InterWrap (Hong Kong) Ltd., InterWrap (Qingdao) Trading Co. Ltd., InterWrap Corp., InterWrap Corp. Private Ltd., International Packaging Products Pvt. Ltd., Inversiones Owens Corning Chile Holdings Limitada, Northern Elastomeric, OC Canada Finance Inc., OC Canada Holdings General Partnership, OC Celfortec Company, OC Latin American Holdings GmbH, OC NL Invest Coöperatief U.A., OC PRO CV, OC Steklovolokno AO, OCCV1 Inc., OCCV2 LLC, OCV (Thailand) Co. Limited, OCV Chambéry France, OCV Chambéry International, OCV Finance LLC, OCV Intellectual Capital LLC, OCV Italia Srl, OCV Mexico S. de R.L. de C.V., OCV Servicios Mexico S.A. de C.V., OOO Paroc, Owens Corning (Australia) Pty Limited, Owens Corning (China) Investment Company Limited, Owens Corning (Guangde) Rock Wood Manufacturing Co. Ltd, Owens Corning (Guangzhou) Fiberglas Co. Ltd., Owens Corning (Hangzhou) Fiberglass Co. Ltd., Owens Corning (India) Private Limited, Owens Corning (Nanjing) Building Materials Co. Ltd., Owens Corning (Shanghai) Fiberglas Co. Ltd., Owens Corning (Singapore) Pte Ltd, Owens Corning (Tianjin) Building Materials Co. Ltd., Owens Corning (Xi’an) Building Materials Co. Ltd., Owens Corning Alloy Canada GP Inc., Owens Corning Alloy Canada LP, Owens Corning Argentina Sociedad de Responsabilidad Limitada, Owens Corning Automotive LLC, Owens Corning BM (Korea) Ltd, Owens Corning By LLC, Owens Corning CV GP LLC, Owens Corning Canada GP Inc., Owens Corning Canada Holdings B.V., Owens Corning Canada Holdings ULC, Owens Corning Canada LP, Owens Corning Cayman (China) Holdings, Owens Corning Celfortec Canada GP Inc., Owens Corning Celfortec LP, Owens Corning Composite Materials Canada GP Inc., Owens Corning Composite Materials Canada LP, Owens Corning Composite Materials LLC, Owens Corning Composites (Beijing) Co. Ltd., Owens Corning Composites (China) Co. Ltd., Owens Corning Construction Services LLC, Owens Corning Corporate Services LLC, Owens Corning Elaminator Insulation Systems LLC, Owens Corning Enterprise (India) Pvt. Ltd., Owens Corning Fabrics (Changzhou) Co. Ltd., Owens Corning Fiberglas (U.K.) Pension Plan Ltd., Owens Corning Fiberglas A.S. Limitada, Owens Corning Fiberglas Espana SL, Owens Corning Fiberglas France, Owens Corning Financial Services ULC, Owens Corning Finland Oy, Owens Corning Foam Insulation LLC, Owens Corning GlassMetal Services (Suzhou) Co. Ltd., Owens Corning Global Holdings II Limited Partnership, Owens Corning Global Holdings Limited Partnership, Owens Corning HOMExperts Inc., Owens Corning HT Inc., Owens Corning Holdings 1 CV, Owens Corning Holdings 3 CV, Owens Corning Holdings 4 CV, Owens Corning Holdings 5 CV, Owens Corning Holdings Holland B.V., Owens Corning Hong Kong Limited, Owens Corning Industries (India) Private Limited, Owens Corning Infrastructure Solutions LLC, Owens Corning Insulating Systems Canada GP Inc., Owens Corning Insulating Systems Canada LP, Owens Corning Insulating Systems LLC, Owens Corning Intellectual Capital LLC, Owens Corning InterWrap Canada GP Inc., Owens Corning InterWrap Canada LP, Owens Corning International Holdings C.V., Owens Corning Japan LLC, Owens Corning Kohold B.V., Owens Corning Korea, Owens Corning Mexico S. de R.L. de C.V., Owens Corning Mineral Wool LLC, Owens Corning Non-Woven - Blythewood LLC, Owens Corning Non-Woven Technology LLC, Owens Corning Receivables LLC, Owens Corning Reinforcements (Hangzhou) Co. Ltd., Owens Corning Remodeling Systems LLC, Owens Corning Roofing S. de R.L. de C.V., Owens Corning Roofing and Asphalt LLC, Owens Corning Sales LLC, Owens Corning Science and Technology LLC, Owens Corning Supplementary Pension Plan Limited, Owens Corning Technical Fabrics LLC, Owens Corning Treasury Services LLC, Owens Corning U.S. Holdings LLC, Owens-Corning Britinvest Limited, Owens-Corning Cayman Limited, Owens-Corning Fiberglas Deutschland GmbH, Owens-Corning Funding Corporation, Owens-Corning Veil Netherlands B.V., Owens-Corning Veil U.K. Ltd., Paroc AB, Paroc GmbH, Paroc Group, Paroc Group Oy, Paroc Limited, Paroc Oy Ab, Paroc Polska Sp. Z o.o., Pittsburgh Corning, Pittsburgh Corning (Suisse) SA, Pittsburgh Corning (United Kingdom) Limited, Pittsburgh Corning (Yantai) Insulation Materials Co. Ltd, Pittsburgh Corning Asia Limited, Pittsburgh Corning CR S.R.O., Pittsburgh Corning Europe N.V., Pittsburgh Corning France, Pittsburgh Corning Gesellschaft m.b.h., Pittsburgh Corning LLC, Pittsburgh Corning Nederland B.V., Pittsburgh Corning Singapore Pte. Ltd, Qingdao Novia Polymer Co. Ltd., SIA Paroc, Soltech Inc., The Modulo /ParMur Group, Thermafiber, Thermafiber Inc., Transandina de Comercio S.A., UAB Paroc, UC Industries, and Vitro Fibras.
Read More
This page (NYSE:OC) was last updated on 3/4/2024 by MarketBeat.com Staff