Owens Corning Company Profile (NYSE:OC)

About Owens Corning (NYSE:OC)

Owens Corning logoOwens 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
Average Prices:
  • 50 Day Moving Avg: $77.14
  • 200 Day Moving Avg: $67.75
  • 52 Week Range: $46.45 - $80.56
  • Trailing P/E Ratio: 23.01
  • Foreward P/E Ratio: 16.18
  • P/E Growth: 1.32
Sales & Book Value:
  • 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?

Owens Corning is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Owens Corning.

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?

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?

One share of Owens Corning stock can currently be purchased for approximately $80.11.

MarketBeat Community Rating for Owens Corning (NYSE OC)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  446 (Vote Outperform)
Underperform Votes:  439 (Vote Underperform)
Total Votes:  885
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.

Analyst Ratings

Consensus Ratings for Owens Corning (NYSE:OC) (How are Consensus Ratings Calculated?)
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)
Price Target History for Owens Corning (NYSE:OC)
Analysts' Ratings History for Owens Corning (NYSE:OC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017Citigroup Inc.UpgradeSell -> Neutral$80.00N/AView Rating Details
10/17/2017Credit Suisse GroupSet Price TargetOutperform$77.00 -> $90.00N/AView Rating Details
10/11/2017Evercore ISIReiterated RatingPositive -> Outperform$88.00 -> $80.00N/AView Rating Details
10/6/2017Jefferies Group LLCReiterated RatingBuy$82.00N/AView Rating Details
10/3/2017Royal Bank Of CanadaReiterated RatingBuyLowView Rating Details
9/13/2017KeyCorpReiterated RatingBuy$84.00LowView Rating Details
9/12/2017SunTrust Banks, Inc.Reiterated RatingHoldLowView Rating Details
9/11/2017InstinetDowngradeBuy -> Neutral$74.00 -> $79.00LowView Rating Details
9/11/2017NomuraReiterated RatingBuy -> Neutral$79.00LowView Rating Details
9/1/2017Stifel NicolausReiterated RatingBuy$83.00LowView Rating Details
8/30/2017Wells Fargo & CompanyUpgradeMarket Perform -> Outperform$68.00 -> $83.00HighView Rating Details
7/27/2017FBR & CoBoost Price TargetMkt Perform$63.00 -> $70.00LowView Rating Details
7/27/2017MKM PartnersUpgradeSell -> Neutral$47.00 -> $62.00LowView Rating Details
6/28/2017Barclays PLCBoost Price TargetEqual Weight -> Equal Weight$64.00 -> $70.00LowView Rating Details
6/27/2017Northcoast ResearchSet Price TargetSell -> Buy$70.00 -> $76.00LowView Rating Details
6/20/2017MacquarieUpgradeUnderperform -> Neutral$54.00 -> $68.00LowView Rating Details
3/31/2017WedbushUpgradeNeutral -> Outperform$58.00 -> $72.00LowView Rating Details
2/17/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$61.00 -> $69.00N/AView Rating Details
2/9/2017Zelman & AssociatesUpgradeHold -> BuyN/AView Rating Details
12/7/2016Seaport Global SecuritiesInitiated CoverageBuy$61.00N/AView Rating Details
10/27/2016Vertical ResearchUpgradeHold -> BuyN/AView Rating Details
10/27/2016CL KingDowngradeBuy -> NeutralN/AView Rating Details
10/27/2016Vertical GroupUpgradeHold -> Buy$56.00N/AView Rating Details
9/23/2016Bank of America CorporationInitiated CoverageNeutral$59.00N/AView Rating Details
1/21/2016Longbow ResearchUpgradeNeutral -> Buy$51.00N/AView Rating Details
(Data available from 10/22/2015 forward)


Earnings History for Owens Corning (NYSE:OC)
Earnings by Quarter for Owens Corning (NYSE:OC)
Earnings History by Quarter for Owens Corning (NYSE OC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$1.24N/AView Earnings Details
7/26/2017Q2 2017$1.08$1.20$1.48 billion$1.60 billionViewN/AView Earnings Details
4/26/2017Q1 2017$0.61$0.85$1.31 billion$1.48 billionViewN/AView Earnings Details
2/8/2017Q416$0.60$0.72$1.31 billion$1.38 billionViewListenView Earnings Details
10/26/2016Q316$0.99$1.09$1.32 billion$1.52 billionViewListenView Earnings Details
7/27/2016Q216$0.86$1.29$1.46 billion$1.55 billionViewListenView Earnings Details
4/27/2016Q116$0.34$0.53$1.24 billion$1.23 billionViewListenView Earnings Details
2/10/2016Q415$0.44$0.66$1.28 billion$1.30 billionViewListenView Earnings Details
10/21/2015Q315$0.68$0.96$1.42 billion$1.46 billionViewListenView Earnings Details
7/22/2015Q215$0.54$0.79$1.41 billion$1.41 billionViewListenView Earnings Details
4/22/2015Q115$0.13$0.19$1.24 billion$1.21 billionViewN/AView Earnings Details
2/11/2015Q414$0.42$0.47$1.31 billion$1.26 billionViewN/AView Earnings Details
10/22/2014Q314$0.50$0.63$1.39 billion$1.38 billionViewListenView Earnings Details
7/23/2014Q214$0.47$0.38$1.32 billion$1.36 billionViewN/AView Earnings Details
4/23/2014Q114$0.35$0.29$1.34 billion$1.28 billionViewN/AView Earnings Details
2/11/2014Q413$0.27$0.44$1.21 billion$1.28 billionViewN/AView Earnings Details
10/23/2013Q313$0.66$0.53$1.40 billion$1.32 billionViewN/AView Earnings Details
7/24/2013Q2 2013$0.71$0.57$1.46 billion$1.35 billionViewN/AView Earnings Details
4/24/2013Q1 2013$0.22$0.29$1.35 billion$1.35 billionViewN/AView Earnings Details
2/20/2013Q4 2012$0.16$0.11$1.16 billion$1.16 billionViewListenView Earnings Details
10/24/2012$0.35$0.33ViewN/AView Earnings Details
8/1/2012$0.64$0.54ViewN/AView Earnings Details
4/25/2012$0.30$0.09ViewN/AView Earnings Details
2/15/2012$0.48$0.40ViewN/AView Earnings Details
10/26/2011$0.76$0.90ViewN/AView Earnings Details
8/3/2011$0.58$0.61ViewN/AView Earnings Details
4/27/2011$0.36$0.20ViewN/AView Earnings Details
2/16/2011$0.19$0.23ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Owens Corning (NYSE:OC)
2017 EPS Consensus Estimate: $3.92
2018 EPS Consensus Estimate: $4.72
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20176$0.44$0.82$0.64
Q2 20176$1.06$1.14$1.10
Q3 20177$1.18$1.35$1.26
Q4 20177$0.80$1.04$0.93
Q1 20184$0.76$1.05$0.87
Q2 20184$1.19$1.58$1.44
Q3 20184$1.32$1.42$1.39
Q4 20184$0.85$1.27$1.02
(Data provided by Zacks Investment Research)


Current Dividend Information for Owens Corning (NYSE:OC)
Next Dividend:11/2/2017
Annual Dividend:$0.80
Dividend Yield:1.00%
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 Payments by Quarter for Owens Corning (NYSE:OC)

Dividend History by Quarter for Owens Corning (NYSE OC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Owens Corning (NYSE:OC)
Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 96.76%
Insider Trades by Quarter for Owens Corning (NYSE:OC)
Institutional Ownership by Quarter for Owens Corning (NYSE:OC)
Insider Trades by Quarter for Owens Corning (NYSE:OC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/14/2017Michael H ThamanChairmanSell130,700$74.95$9,795,965.00View SEC Filing  
9/8/2017Michael C McmurrayCFOSell14,000$76.52$1,071,280.00View SEC Filing  
9/1/2017Julian FrancisInsiderSell2,679$74.12$198,567.48View SEC Filing  
8/28/2017Arnaud GenisInsiderSell6,000$70.75$424,500.00View SEC Filing  
8/28/2017Daniel T SmithVPSell41,425$70.89$2,936,618.25View SEC Filing  
8/25/2017Kelly SchmidtVPSell1,462$70.35$102,851.70View SEC Filing  
8/4/2017Brian ChambersInsiderSell16,600$67.18$1,115,188.00View SEC Filing  
6/15/2017James J McmonagleDirectorSell2,000$64.60$129,200.00View SEC Filing  
6/14/2017Arnaud GenisInsiderSell21,544$65.44$1,409,839.36View SEC Filing  
3/20/2017Brian ChambersInsiderSell10,000$61.95$619,500.00View SEC Filing  
3/2/2017Ralph F HakeDirectorSell8,149$60.00$488,940.00View SEC Filing  
12/13/2016Michael H ThamanChairmanSell226,400$55.50$12,565,200.00View SEC Filing  
8/30/2016Arnaud GenisInsiderSell66,619$54.68$3,642,726.92View SEC Filing  
8/23/2016Kelly SchmidtVPSell13,200$54.41$718,212.00View SEC Filing  
8/8/2016Daniel T SmithVPSell9,376$54.11$507,335.36View SEC Filing  
8/8/2016James J McmonagleDirectorSell17,489$53.64$938,109.96View SEC Filing  
8/4/2016Daniel T SmithVPSell1,300$54.01$70,213.00View SEC Filing  
8/3/2016Daniel T SmithVPSell13,700$54.00$739,800.00View SEC Filing  
8/1/2016Michael H ThamanChairmanSell150,000$53.19$7,978,500.00View SEC Filing  
7/29/2016Daniel T. SmithVPSell400$54.00$21,600.00View SEC Filing  
7/29/2016W Howard MorrisDirectorSell4,000$53.25$213,000.00View SEC Filing  
4/11/2016Kelly SchmidtVPSell2,000$50.00$100,000.00View SEC Filing  
11/24/2015W Howard MorrisDirectorSell3,000$47.13$141,390.00View SEC Filing  
11/17/2015F Philip HandyDirectorSell13,000$46.94$610,220.00View SEC Filing  
11/2/2015Michael H. ThamanCEOSell100,000$46.02$4,602,000.00View SEC Filing  
10/28/2015Daniel T. SmithVPSell33,100$46.19$1,528,889.00View SEC Filing  
10/23/2015Michael C McmurrayCFOSell11,000$45.52$500,720.00View SEC Filing  
12/4/2014J Brian FergusonDirectorBuy8,400$35.82$300,888.00View SEC Filing  
12/2/2014Arnaud GenisInsiderSell16,905$35.51$600,296.55View SEC Filing  
11/18/2014Arnaud GenisInsiderSell20,000$34.50$690,000.00View SEC Filing  
11/6/2014Arnaud GenisInsiderSell2,200$33.18$72,996.00View SEC Filing  
5/7/2014John William ChristyVPSell4,779$40.00$191,160.00View SEC Filing  
3/14/2014Daniel SmithVPSell3,000$42.61$127,830.00View SEC Filing  
3/5/2014Arnaud GenisInsiderSell33,125$46.08$1,526,400.00View SEC Filing  
2/27/2014Ralph HakeDirectorSell2,000$45.71$91,420.00View SEC Filing  
2/18/2014Kelly SchmidtVPSell2,300$44.56$102,488.00View SEC Filing  
11/11/2013Michael McmurrayCFOBuy3,000$35.79$107,370.00View SEC Filing  
10/25/2013Edward F LonerganDirectorBuy2,000$37.75$75,500.00View SEC Filing  
5/17/2013Daniel T SmithVPSell9,228$44.58$411,384.24View SEC Filing  
1/17/2013John William ChristyVPSell3,750$40.00$150,000.00View SEC Filing  
11/1/2012David L JohnsSVPSell17,653$33.74$595,612.22View SEC Filing  
(Data available from 1/1/2013 forward)


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

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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