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GE   119.79 (+0.78%)
DIS   92.95 (+0.49%)
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PYPL   57.52 (-0.78%)
XOM   103.80 (+1.43%)
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MSFT   378.78 (-0.02%)
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BABA   74.35 (-0.43%)
AMD   122.36 (-1.20%)
T   16.45 (+0.92%)
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GE   119.79 (+0.78%)
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AMC   6.96 (-2.93%)
PFE   30.04 (-0.13%)
PYPL   57.52 (-0.78%)
XOM   103.80 (+1.43%)

Owens Corning Stock Price, News & Analysis (NYSE:OC)

$134.10
-0.04 (-0.03%)
(As of 09:57 AM ET)
Compare
Today's Range
$132.62
▼
$134.22
50-Day Range
$110.60
▼
$139.25
52-Week Range
$83.98
▼
$147.00
Volume
52,672 shs
Average Volume
836,201 shs
Market Capitalization
$11.92 billion
P/E Ratio
10.33
Dividend Yield
1.55%
Price Target
$138.00
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Owens Corning MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
2.9% Upside
$138.00 Price Target
Short Interest
Healthy
2.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.97
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$42,718 Sold Last Quarter
Proj. Earnings Growth
-0.73%
From $13.75 to $13.65 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Construction Sector

52nd out of 100 stocks

Abrasive, Asbestos, & Miscellaneous Nonmetallic Mineral Products Industry

1st out of 1 stocks

See Top Rated MarketRank™ Stocks Here

OC stock logo

About Owens Corning Stock (NYSE:OC)

Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. 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 other specialized products. 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 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 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, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.

OC Stock Price History

OC Stock News Headlines

November 30, 2023 | morningstar.com
Owens-Corning Inc OC
November 19, 2023 | seekingalpha.com
Owens Corning: Recent Weakness And Pricing Necessitate A Downgrade
November 30, 2023 | Tomorrow Investor (Ad)
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
November 7, 2023 | tmcnet.com
Owens Corning's Philanthropic Roof Deployment Project Crosses Milestone of Providing 500 Free Roofs to U.S. Veterans
November 7, 2023 | finance.yahoo.com
Owens Corning’s Philanthropic Roof Deployment Project Crosses Milestone of Providing 500 Free Roofs to U.S. Veterans
October 27, 2023 | markets.businessinsider.com
Hold Rating on Owens Corning: Balancing Long-Term Prospects with Near-Term Macroeconomic Uncertainties
October 27, 2023 | msn.com
RBC Capital Maintains Owens Corning (OC) Outperform Recommendation
October 26, 2023 | finance.yahoo.com
Owens Corning (NYSE:OC) Q3 2023 Earnings Call Transcript
November 30, 2023 | Tomorrow Investor (Ad)
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
October 26, 2023 | markets.businessinsider.com
Hold Rating for Owens Corning Amid Mixed Q3 Results and Anticipated Q4 Challenges
October 26, 2023 | finance.yahoo.com
Q3 2023 Owens Corning Earnings Call
October 25, 2023 | msn.com
Owens Corning Reports Q3 Sales Dip, Expects Marginal Annual Revenue Decline
October 25, 2023 | msn.com
Owens Corning (OC) Surpasses Q3 Earnings Estimates
October 25, 2023 | finance.yahoo.com
Owens Corning (OC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
October 25, 2023 | finance.yahoo.com
Speaking of Sustainability: Asha Burry, Human Resources Leader
October 25, 2023 | seekingalpha.com
Owens Corning 2023 Q3 - Results - Earnings Call Presentation
October 25, 2023 | markets.businessinsider.com
Owens Corning Reveals Decline In Q3 Bottom Line
October 25, 2023 | msn.com
Owens Corning's revenue, earnings decline; adjusted EPS beats estimates
October 25, 2023 | finance.yahoo.com
Owens Corning Delivers Net Sales of $2.5 Billion; Generates Net Earnings of $337 Million and Adjusted EBIT of $518 Million
October 25, 2023 | finance.yahoo.com
Owens-Corning Inc (OC) Q3 2023 Earnings: Strong Performance Despite Market Challenges
October 23, 2023 | msn.com
Here's What to Expect From Owens Corning's (OC) Q3 Earnings
October 22, 2023 | finance.yahoo.com
Owens Corning's (NYSE:OC) five-year total shareholder returns outpace the underlying earnings growth
October 19, 2023 | finance.yahoo.com
Owens Corning (OC) Stock Moves -0.57%: What You Should Know
October 19, 2023 | finance.yahoo.com
Speaking of Sustainability: Patty Hemmelgarn, Air Compliance Lead
October 19, 2023 | finance.yahoo.com
Owens Corning Inc (OC) is Attracting Investor Attention: Here is What You Should Know
October 19, 2023 | finance.yahoo.com
Why Owens Corning (OC) is a Top Growth Stock for the Long-Term
October 18, 2023 | msn.com
Owens Corning (OC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
See More Headlines
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Company Calendar

Ex-Dividend for 11/3 Dividend
10/13/2023
Last Earnings
10/25/2023
Dividend Payable
11/03/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Abrasive, asbestos, & miscellaneous nonmetallic mineral products
Sub-Industry
Building Products
Sector
Construction
Current Symbol
NYSE:OC
CUSIP
69074210
CIK
1370946
Web
www.owenscorning.com
Phone
(419) 248-8000
Fax
419-248-8445
Employees
19,000
Year Founded
1938

Price Target and Rating

Average Stock Price Target
$138.00
High Stock Price Target
$170.00
Low Stock Price Target
$95.00
Potential Upside/Downside
+2.9%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$12.98
Trailing P/E Ratio
10.34
Forward P/E Ratio
9.76
P/E Growth
1.22
Net Income
$1.24 billion
Net Margins
12.31%
Pretax Margin
16.33%
Return on Equity
25.59%
Return on Assets
11.47%

Debt

Debt-to-Equity Ratio
0.59
Current Ratio
2.16
Quick Ratio
1.49

Sales & Book Value

Annual Sales
$9.76 billion
Price / Sales
1.22
Cash Flow
$20.48 per share
Price / Cash Flow
6.55
Book Value
$57.67 per share
Price / Book
2.33

Miscellaneous

Outstanding Shares
88,880,000
Free Float
88,084,000
Market Cap
$11.92 billion
Optionable
Optionable
Beta
1.49

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OC Stock Analysis - Frequently Asked Questions

Should I buy or sell Owens Corning stock right now?

15 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 7 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?

15 equities research analysts have issued 12 month price objectives for Owens Corning's shares. Their OC share price targets range from $95.00 to $170.00. On average, they expect the company's share price to reach $138.00 in the next twelve months. This suggests a possible upside of 2.9% 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 2023?

Owens Corning's stock was trading at $85.30 at the beginning of the year. Since then, OC stock has increased by 57.3% and is now trading at $134.15.
View the best growth stocks for 2023 here.

When is Owens Corning's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our OC earnings forecast.

How were Owens Corning's earnings last quarter?

Owens Corning (NYSE:OC) issued its earnings results on Wednesday, October, 25th. The construction company reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.26. The construction company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.54 billion. Owens Corning had a trailing twelve-month return on equity of 25.59% and a net margin of 12.31%. Owens Corning's revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.57 earnings per share.

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

Owens Corning announced a quarterly dividend on Thursday, September 14th. Shareholders of record on Monday, October 16th will be given a dividend of $0.52 per share on Friday, November 3rd. This represents a $2.08 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, October 13th.
Read our dividend analysis for OC.

Is Owens Corning a good dividend stock?

Owens Corning (NYSE:OC) pays an annual dividend of $2.08 per share and currently has a dividend yield of 1.57%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 16.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OC will have a dividend payout ratio of 15.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OC.

What ETFs hold Owens Corning's stock?

ETFs with the largest weight of Owens Corning (NYSE:OC) stock in their portfolio include Davis Select U.S. Equity ETF (DUSA), SPDR S&P Homebuilders ETF (XHB), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Pinnacle Focused Opportunities ETF (FCUS), Invesco Building & Construction ETF (PKB), First Trust Global Wind Energy ETF (FAN), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and SRH U.S. Quality ETF (SRHQ).

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 a number of institutional and retail investors. Top institutional shareholders include Davis Selected Advisers (4.15%), LSV Asset Management (2.54%), AQR Capital Management LLC (1.74%), Invesco Ltd. (1.67%), Victory Capital Management Inc. (1.63%) and FMR LLC (1.39%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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.
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This page (NYSE:OC) was last updated on 11/30/2023 by MarketBeat.com Staff

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