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NYSE:OC

Owens Corning Stock Forecast, Price & News

$74.30
+0.14 (+0.19 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$73.58
Now: $74.30
$75.39
50-Day Range
$65.11
MA: $71.26
$75.70
52-Week Range
$28.56
Now: $74.30
$76.60
Volume403,200 shs
Average Volume1.20 million shs
Market Capitalization$8.04 billion
P/E RatioN/A
Dividend Yield1.29%
Beta1.58
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aviation, defense, automotive, industrial containers, and wind-energy applications in the building and construction, transportation, consumer, industrial, and power and energy markets. The Insulation segment manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for thermal and acoustical applications; and manufactures and sells glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells residential 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 to manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was founded in 1938 and is headquartered in Toledo, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

Industry Abrasive, asbestos, & miscellaneous nonmetallic mineral products
Sub-IndustryBuilding Products
CUSIP69074210
Phone419-248-8000
Employees18,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.16 billion
Cash Flow$9.32 per share
Book Value$35.96 per share

Profitability

Net Income$405 million

Miscellaneous

Market Cap$8.04 billion
Next Earnings Date2/17/2021 (Estimated)
OptionableOptionable
$74.30
+0.14 (+0.19 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Owens Corning (NYSE:OC) Frequently Asked Questions

How has Owens Corning's stock price been impacted by Coronavirus?

Owens Corning's stock was trading at $43.87 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, OC stock has increased by 69.4% and is now trading at $74.30.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Owens Corning?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens Corning in the last year. There are currently 13 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Owens Corning
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Owens Corning?

Wall Street analysts have given Owens Corning a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Owens Corning wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Owens Corning's next earnings date?

Owens Corning is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Owens Corning
.

How were Owens Corning's earnings last quarter?

Owens Corning (NYSE:OC) issued its quarterly earnings data on Wednesday, October, 28th. The construction company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.38. The construction company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.80 billion. Owens Corning had a negative net margin of 7.94% and a positive return on equity of 11.99%. Owens Corning's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS.
View Owens Corning's earnings history
.

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

Owens Corning announced a quarterly dividend on Thursday, September 17th. Investors of record on Tuesday, October 20th will be paid a dividend of $0.24 per share on Friday, November 6th. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, October 19th.
View Owens Corning's dividend history
.

What price target have analysts set for OC?

20 Wall Street analysts have issued 12 month target prices for Owens Corning's stock. Their forecasts range from $45.00 to $90.00. On average, they expect Owens Corning's share price to reach $64.75 in the next year. This suggests that the stock has a possible downside of 12.9%.
View analysts' price targets for Owens Corning
.

Who are some of Owens Corning's key competitors?

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 key executives?

Owens Corning's management team includes the following people:
  • Mr. Brian D. Chambers, CEO & Chairman (Age 53, Pay $1.7M)
  • Ms. Ava Harter, Sr. VP, Gen. Counsel & Sec. (Age 50, Pay $843.56k)
  • Mr. Prithvi S. Gandhi, VP of Corp. Strategy, Corp. Devel. & Financial Planning (Age 50, Pay $516.43k)
  • Mr. Daniel T. Smith, Sr. VP & Chief Growth Officer (Age 55, Pay $936.82k)
  • Mr. Marcio A. Sandri, Pres of Composites (Age 56, Pay $852.27k)
  • Mr. Kenneth S. Parks, Sr. VP & CFO (Age 57)
  • Ms. Amber Wohlfarth, Director of Investor Relations
  • Ms. Paula Russell, Sr. VP & Chief HR Officer (Age 42)
  • Mr. Raymund Trost, VP of CSB Europe and Managing Director of CSB Europe
  • Mr. Frank C. O'Brien-Bernini, Chief Sustainability Officer & VP (Age 63)

What is Owens Corning's stock symbol?

Owens Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "OC."

Who are Owens Corning's major shareholders?

Owens Corning's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.92%), Boston Partners (7.38%), State Street Corp (4.12%), Victory Capital Management Inc. (4.03%), Nuveen Asset Management LLC (3.91%) and Massachusetts Financial Services Co. MA (1.91%). Company insiders that own Owens Corning stock include Ava Harter, Daniel T Smith, Gunner Smith, Julian Francis, Kelly Schmidt, Marcio A Sandri, Michael H Thaman, Prithvi Gandhi and W Howard Morris.
View institutional ownership trends for Owens Corning
.

Which institutional investors are selling Owens Corning stock?

OC stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Interval Partners LP, Boston Partners, Greenhaven Associates Inc., AQR Capital Management LLC, JPMorgan Chase & Co., Phoenix Holdings Ltd., and Great West Life Assurance Co. Can. Company insiders that have sold Owens Corning company stock in the last year include Daniel T Smith, Gunner Smith, Kelly Schmidt, Marcio A Sandri, and W Howard Morris.
View insider buying and selling activity for Owens Corning
.

Which institutional investors are buying Owens Corning stock?

OC stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, AJO LP, BlackRock Inc., Shellback Capital LP, Candlestick Capital Management LP, KBC Group NV, Point72 Asset Management L.P., and Columbus Circle Investors.
View insider buying and selling activity for Owens Corning
.

How do I buy shares of Owens Corning?

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

What is Owens Corning's stock price today?

One share of OC stock can currently be purchased for approximately $74.30.

How big of a company is Owens Corning?

Owens Corning has a market capitalization of $8.04 billion and generates $7.16 billion in revenue each year. The construction company earns $405 million in net income (profit) each year or $4.54 on an earnings per share basis. Owens Corning employs 18,000 workers across the globe.

What is Owens Corning's official website?

The official website for Owens Corning is www.owenscorning.com.

How can I contact Owens Corning?

Owens Corning's mailing address is ONE OWENS CORNING PARKWAY, TOLEDO OH, 43659. The construction company can be reached via phone at 419-248-8000 or via email at [email protected]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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