About Owens Corning (NYSE:OC)
Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. The Company's products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company's segments include Composites, Insulation and Roofing. The Composites segment sells glass fiber and/or glass mat directly to a small number of shingle manufacturers. Its insulating products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and these are sold under brand names, such as Owens Corning PINK FIBERGLAS Insulation. The primary products in the Roofing segment are laminate and strip asphalt roofing shingles. Its other products include oxidized asphalt, roofing components and synthetic packaging materials.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Construction Supplies
- Sub-Industry: Building Products
- Symbol: NYSE:OC
- CUSIP: 69074210
- Web: www.owenscorning.com
- Market Cap: $8.90767 billion
- Outstanding Shares: 111,193,000
- 50 Day Moving Avg: $77.14
- 200 Day Moving Avg: $67.75
- 52 Week Range: $46.45 - $80.56
Sales & Book Value:
- Trailing P/E Ratio: 23.01
- Foreward P/E Ratio: 16.18
- P/E Growth: 1.32
- Annual Revenue: $5.98 billion
- Price / Sales: 1.49
- Book Value: $35.72 per share
- Price / Book: 2.24
- Annual Dividend: $0.80
- Dividend Yield: 1.0%
- EBITDA: $1.08 billion
- Net Margins: 6.61%
- Return on Equity: 11.12%
- Return on Assets: 5.44%
- Debt-to-Equity Ratio: 0.67%
- Current Ratio: 1.78%
- Quick Ratio: 1.07%
- Average Volume: 1.01 million shs.
- Beta: 1.05
- Short Ratio: 2.5
Frequently Asked Questions for Owens Corning (NYSE:OC)
What is Owens Corning's stock symbol?
Owens Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "OC."
How often does Owens Corning pay dividends? What is the dividend yield for Owens Corning?
Owens Corning declared a quarterly dividend on Friday, September 22nd. Investors of record on Monday, October 16th will be given a dividend of $0.20 per share on Thursday, November 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, October 13th. View Owens Corning's Dividend History.
How were Owens Corning's earnings last quarter?
Owens Corning Inc (NYSE:OC) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. Owens Corning's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. View Owens Corning's Earnings History.
When will Owens Corning make its next earnings announcement?
Where is Owens Corning's stock going? Where will Owens Corning's stock price be in 2017?
22 brokers have issued twelve-month price objectives for Owens Corning's shares. Their forecasts range from $56.00 to $90.00. On average, they expect Owens Corning's share price to reach $74.89 in the next twelve months. View Analyst Ratings for Owens Corning.
What are analysts saying about Owens Corning stock?
Here are some recent quotes from research analysts about Owens Corning stock:
- 1. Jefferies Group LLC analysts commented, "We hosted investor meetings with Mike Thaman (CEO) & Thierry Dennis (VP IR) this week, with investors squarely focused on insulation. We walked away comfortable that the insulation market is poised for higher prices and that margins could return to levels comparable to the last cycle in the next few years. Further, we are now more confident that the pent up demand in re-roofing is getting released and margins should remain high." (3/23/2017)
- 2. Stifel Nicolaus analysts commented, "Owens Corning reported Q4 and 2016 results that beat consensus with full year adjusted EBIT of $746 million. The company expects volume growth in all segments except roofing demand from storm activity. Price increases have been announced in insulation and roofing in the first quarter. Segment EBIT guidance was basically in-line with our previous estimates with two of the three segments expecting to be higher in 2017. We have increased our EBITDA estimate to $1,136 million and our price target to $64." (2/9/2017)
Are investors shorting Owens Corning?
Owens Corning saw a drop in short interest during the month of September. As of September 15th, there was short interest totalling 2,571,150 shares, a drop of 29.2% from the August 31st total of 3,633,734 shares. Based on an average daily trading volume, of 1,557,049 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.3% of the shares of the stock are sold short.
Who are some of Owens Corning's key competitors?
Some companies that are related to Owens Corning include Vulcan Materials Company (VMC), D.R. Horton (DHI), Martin Marietta Materials (MLM), Lennar Corporation (LEN), Masco Corporation (MAS), United Rentals (URI), NVR (NVR), Cemex S.A.B. de C.V. (CX), Lennar Corporation (LEN.B), Rollins (ROL), PulteGroup (PHM), Lennox International (LII), Toll Brothers (TOL), Jacobs Engineering Group (JEC), RPM International (RPM), Thor Industries (THO), Acuity Brands (AYI) and James Hardie Industries PLC. (JHX).
Who are Owens Corning's key executives?
Owens Corning's management team includes the folowing people:
- Michael H. Thaman, Chairman of the Board, President, Chief Executive Officer
- Michael C. McMurray, Chief Financial Officer, Senior Vice President
- Brain D. Chambers, President - Roofing and Asphalt
- Julian Francis, President - Insulation Business
- Arnaud Genis, Group President - Composite Solutions
- Ava A. Harter, Senior Vice President, General Counsel, Secretary
- Daniel T. Smith CPA, Senior Vice President- Organisation and Administration
- Thierry J. Denis, Vice President, IR Contact Officer
- Kelly J. Schmidt, Vice President, Controller
- John David Williams, Lead Independent Director
Who owns Owens Corning stock?
Owens Corning's stock is owned by a number of of retail and institutional investors. Top institutional investors include PGGM Investments (0.44%), Fisher Asset Management LLC (0.36%), Barometer Capital Management Inc. (0.24%), Assenagon Asset Management S.A. (0.11%), APG Asset Management N.V. (0.09%) and Skylands Capital LLC (0.08%). Company insiders that own Owens Corning stock include Arnaud Genis, Brian Chambers, Daniel T Smith, F Philip Handy, James J Mcmonagle, Julian Francis, Kelly Schmidt, Michael C Mcmurray, Michael H Thaman, Ralph F Hake and W Howard Morris. View Institutional Ownership Trends for Owens Corning.
Who sold Owens Corning stock? Who is selling Owens Corning stock?
Owens Corning's stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC and Meeder Asset Management Inc.. Company insiders that have sold Owens Corning stock in the last year include Arnaud Genis, Brian Chambers, Daniel T Smith, James J Mcmonagle, Julian Francis, Kelly Schmidt, Michael C Mcmurray, Michael H Thaman and Ralph F Hake. View Insider Buying and Selling for Owens Corning.
Who bought Owens Corning stock? Who is buying Owens Corning stock?
Owens Corning's stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., APG Asset Management N.V., PGGM Investments, Barometer Capital Management Inc., Fisher Asset Management LLC, Carnick & Kubik Group LLC and Murphy Capital Management Inc.. View Insider Buying and Selling for Owens Corning.
How do I buy Owens Corning stock?
Shares of Owens Corning can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Owens Corning's stock price today?
MarketBeat Community Rating for Owens Corning (NYSE OC)MarketBeat's community ratings are surveys of what our community members think about Owens Corning and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Owens Corning stock can currently be purchased for approximately $80.11.
Consensus Ratings for Owens Corning (NYSE:OC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 14 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.64)|
|Consensus Price Target: ||$74.89 (6.51% downside)|Consensus Price Target History for Owens Corning (NYSE:OC)
Analysts' Ratings History for Owens Corning (NYSE:OC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Citigroup Inc.||Upgrade||Sell -> Neutral||$80.00||N/A|
|10/17/2017||Credit Suisse Group||Set Price Target||Outperform||$77.00 -> $90.00||N/A|
|10/11/2017||Evercore ISI||Reiterated Rating||Positive -> Outperform||$88.00 -> $80.00||N/A|
|10/6/2017||Jefferies Group LLC||Reiterated Rating||Buy||$82.00||N/A|
|10/3/2017||Royal Bank Of Canada||Reiterated Rating||Buy||Low|
|9/12/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||Low|
|9/11/2017||Instinet||Downgrade||Buy -> Neutral||$74.00 -> $79.00||Low|
|9/11/2017||Nomura||Reiterated Rating||Buy -> Neutral||$79.00||Low|
|9/1/2017||Stifel Nicolaus||Reiterated Rating||Buy||$83.00||Low|
|8/30/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||$68.00 -> $83.00||High|
|7/27/2017||FBR & Co||Boost Price Target||Mkt Perform||$63.00 -> $70.00||Low|
|7/27/2017||MKM Partners||Upgrade||Sell -> Neutral||$47.00 -> $62.00||Low|
|6/28/2017||Barclays PLC||Boost Price Target||Equal Weight -> Equal Weight||$64.00 -> $70.00||Low|
|6/27/2017||Northcoast Research||Set Price Target||Sell -> Buy||$70.00 -> $76.00||Low|
|6/20/2017||Macquarie||Upgrade||Underperform -> Neutral||$54.00 -> $68.00||Low|
|3/31/2017||Wedbush||Upgrade||Neutral -> Outperform||$58.00 -> $72.00||Low|
|2/17/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$61.00 -> $69.00||N/A|
|2/9/2017||Zelman & Associates||Upgrade||Hold -> Buy||N/A|
|12/7/2016||Seaport Global Securities||Initiated Coverage||Buy||$61.00||N/A|
|10/27/2016||Vertical Research||Upgrade||Hold -> Buy||N/A|
|10/27/2016||CL King||Downgrade||Buy -> Neutral||N/A|
|10/27/2016||Vertical Group||Upgrade||Hold -> Buy||$56.00||N/A|
|9/23/2016||Bank of America Corporation||Initiated Coverage||Neutral||$59.00||N/A|
|1/21/2016||Longbow Research||Upgrade||Neutral -> Buy||$51.00||N/A|
Earnings History for Owens Corning (NYSE:OC)Earnings History by Quarter for Owens Corning (NYSE OC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$1.08||$1.20||$1.48 billion||$1.60 billion||View||N/A|
|4/26/2017||Q1 2017||$0.61||$0.85||$1.31 billion||$1.48 billion||View||N/A|
|2/8/2017||Q416||$0.60||$0.72||$1.31 billion||$1.38 billion||View||Listen|
|10/26/2016||Q316||$0.99||$1.09||$1.32 billion||$1.52 billion||View||Listen|
|7/27/2016||Q216||$0.86||$1.29||$1.46 billion||$1.55 billion||View||Listen|
|4/27/2016||Q116||$0.34||$0.53||$1.24 billion||$1.23 billion||View||Listen|
|2/10/2016||Q415||$0.44||$0.66||$1.28 billion||$1.30 billion||View||Listen|
|10/21/2015||Q315||$0.68||$0.96||$1.42 billion||$1.46 billion||View||Listen|
|7/22/2015||Q215||$0.54||$0.79||$1.41 billion||$1.41 billion||View||Listen|
|4/22/2015||Q115||$0.13||$0.19||$1.24 billion||$1.21 billion||View||N/A|
|2/11/2015||Q414||$0.42||$0.47||$1.31 billion||$1.26 billion||View||N/A|
|10/22/2014||Q314||$0.50||$0.63||$1.39 billion||$1.38 billion||View||Listen|
|7/23/2014||Q214||$0.47||$0.38||$1.32 billion||$1.36 billion||View||N/A|
|4/23/2014||Q114||$0.35||$0.29||$1.34 billion||$1.28 billion||View||N/A|
|2/11/2014||Q413||$0.27||$0.44||$1.21 billion||$1.28 billion||View||N/A|
|10/23/2013||Q313||$0.66||$0.53||$1.40 billion||$1.32 billion||View||N/A|
|7/24/2013||Q2 2013||$0.71||$0.57||$1.46 billion||$1.35 billion||View||N/A|
|4/24/2013||Q1 2013||$0.22||$0.29||$1.35 billion||$1.35 billion||View||N/A|
|2/20/2013||Q4 2012||$0.16||$0.11||$1.16 billion||$1.16 billion||View||Listen|
Earnings Estimates for Owens Corning (NYSE:OC)
2017 EPS Consensus Estimate: $3.92
2018 EPS Consensus Estimate: $4.72
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Owens Corning (NYSE:OC)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||23.05% (Trailing 12 Months of Earnings) |
18.60% (Based on This Year's Estimates)
16.16% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Owens Corning (NYSE OC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Owens Corning (NYSE:OC)
Insider Ownership Percentage: 1.80%Insider Trades by Quarter for Owens Corning (NYSE:OC)
Institutional Ownership Percentage: 96.76%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/14/2017||Michael H Thaman||Chairman||Sell||130,700||$74.95||$9,795,965.00|| |
|9/8/2017||Michael C Mcmurray||CFO||Sell||14,000||$76.52||$1,071,280.00|| |
|9/1/2017||Julian Francis||Insider||Sell||2,679||$74.12||$198,567.48|| |
|8/28/2017||Arnaud Genis||Insider||Sell||6,000||$70.75||$424,500.00|| |
|8/28/2017||Daniel T Smith||VP||Sell||41,425||$70.89||$2,936,618.25|| |
|8/25/2017||Kelly Schmidt||VP||Sell||1,462||$70.35||$102,851.70|| |
|8/4/2017||Brian Chambers||Insider||Sell||16,600||$67.18||$1,115,188.00|| |
|6/15/2017||James J Mcmonagle||Director||Sell||2,000||$64.60||$129,200.00|| |
|6/14/2017||Arnaud Genis||Insider||Sell||21,544||$65.44||$1,409,839.36|| |
|3/20/2017||Brian Chambers||Insider||Sell||10,000||$61.95||$619,500.00|| |
|3/2/2017||Ralph F Hake||Director||Sell||8,149||$60.00||$488,940.00|| |
|12/13/2016||Michael H Thaman||Chairman||Sell||226,400||$55.50||$12,565,200.00|| |
|8/30/2016||Arnaud Genis||Insider||Sell||66,619||$54.68||$3,642,726.92|| |
|8/23/2016||Kelly Schmidt||VP||Sell||13,200||$54.41||$718,212.00|| |
|8/8/2016||Daniel T Smith||VP||Sell||9,376||$54.11||$507,335.36|| |
|8/8/2016||James J Mcmonagle||Director||Sell||17,489||$53.64||$938,109.96|| |
|8/4/2016||Daniel T Smith||VP||Sell||1,300||$54.01||$70,213.00|| |
|8/3/2016||Daniel T Smith||VP||Sell||13,700||$54.00||$739,800.00|| |
|8/1/2016||Michael H Thaman||Chairman||Sell||150,000||$53.19||$7,978,500.00|| |
|7/29/2016||Daniel T. Smith||VP||Sell||400||$54.00||$21,600.00|| |
|7/29/2016||W Howard Morris||Director||Sell||4,000||$53.25||$213,000.00|| |
|4/11/2016||Kelly Schmidt||VP||Sell||2,000||$50.00||$100,000.00|| |
|11/24/2015||W Howard Morris||Director||Sell||3,000||$47.13||$141,390.00|| |
|11/17/2015||F Philip Handy||Director||Sell||13,000||$46.94||$610,220.00|| |
|11/2/2015||Michael H. Thaman||CEO||Sell||100,000||$46.02||$4,602,000.00|| |
|10/28/2015||Daniel T. Smith||VP||Sell||33,100||$46.19||$1,528,889.00|| |
|10/23/2015||Michael C Mcmurray||CFO||Sell||11,000||$45.52||$500,720.00|| |
|12/4/2014||J Brian Ferguson||Director||Buy||8,400||$35.82||$300,888.00|| |
|12/2/2014||Arnaud Genis||Insider||Sell||16,905||$35.51||$600,296.55|| |
|11/18/2014||Arnaud Genis||Insider||Sell||20,000||$34.50||$690,000.00|| |
|11/6/2014||Arnaud Genis||Insider||Sell||2,200||$33.18||$72,996.00|| |
|5/7/2014||John William Christy||VP||Sell||4,779||$40.00||$191,160.00|| |
|3/14/2014||Daniel Smith||VP||Sell||3,000||$42.61||$127,830.00|| |
|3/5/2014||Arnaud Genis||Insider||Sell||33,125||$46.08||$1,526,400.00|| |
|2/27/2014||Ralph Hake||Director||Sell||2,000||$45.71||$91,420.00|| |
|2/18/2014||Kelly Schmidt||VP||Sell||2,300||$44.56||$102,488.00|| |
|11/11/2013||Michael Mcmurray||CFO||Buy||3,000||$35.79||$107,370.00|| |
|10/25/2013||Edward F Lonergan||Director||Buy||2,000||$37.75||$75,500.00|| |
|5/17/2013||Daniel T Smith||VP||Sell||9,228||$44.58||$411,384.24|| |
|1/17/2013||John William Christy||VP||Sell||3,750||$40.00||$150,000.00|| |
|11/1/2012||David L Johns||SVP||Sell||17,653||$33.74||$595,612.22|| |
Headline Trends for Owens Corning (NYSE:OC)
Latest Headlines for Owens Corning (NYSE:OC)
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Owens Corning (OC) Chart for Sunday, October, 22, 2017