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NYSE:OC

Owens Corning Stock Forecast, Price & News

$67.57
-0.67 (-0.98 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$67.50
Now: $67.57
$69.88
50-Day Range
$60.47
MA: $66.41
$69.94
52-Week Range
$28.56
Now: $67.57
$70.55
Volume1.58 million shs
Average Volume1.28 million shs
Market Capitalization$7.30 billion
P/E RatioN/A
Dividend Yield1.41%
Beta1.59
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. 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: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.16 billion
Cash Flow$9.13 per share
Book Value$42.94 per share

Profitability

Net Income$405 million

Miscellaneous

Employees19,000
Market Cap$7.30 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$67.57
-0.67 (-0.98 %)
(As of 09/18/2020 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 COVID-19 (Coronavirus)?

Owens Corning's stock was trading at $43.87 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, OC shares have increased by 54.0% and is now trading at $67.57.
View which stocks have been most impacted by COVID-19
.

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

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens Corning in the last year. There are currently 1 sell rating, 13 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Owens Corning
.

When is Owens Corning's next earnings date?

Owens Corning is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Owens Corning
.

How were Owens Corning's earnings last quarter?

Owens Corning (NYSE:OC) released its earnings results on Wednesday, July, 29th. The construction company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.62. The construction company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.53 billion. Owens Corning had a positive return on equity of 11.35% and a negative net margin of 8.79%. The firm's quarterly revenue was down 15.3% compared to the same quarter last year. During the same period last year, the company posted $1.31 earnings per share.
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. Shareholders of record on Tuesday, October 20th will be given a dividend of $0.24 per share on Friday, November 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.42%.
View Owens Corning's dividend history
.

What price target have analysts set for OC?

24 analysts have issued 1 year price objectives for Owens Corning's stock. Their forecasts range from $45.00 to $84.00. On average, they anticipate Owens Corning's share price to reach $62.20 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
View analysts' price targets for Owens Corning
.

Are investors shorting Owens Corning?

Owens Corning saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,940,000 shares, an increase of 10.2% from the August 15th total of 1,760,000 shares. Based on an average daily trading volume, of 936,900 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.8% of the shares of the company are sold short.
View Owens Corning's Short Interest
.

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 LP Unit (ET), AT&T (T), Ford Motor (F), Pfizer (PFE), D. R. Horton (DHI), Intel (INTC), Micron Technology (MU), 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. Michael H. Thaman, Exec. Chairman (Age 55)
  • Mr. Brian D. Chambers, CEO & Director (Age 52)
  • Mr. Michael C. McMurray, Sr. VP & CFO (Age 54)
  • Mr. Daniel T. Smith, Sr. VP of Organization & Admin. (Age 54)
  • Mr. Julian Francis, Pres of Insulation Bus. (Age 52)

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.83%), Victory Capital Management Inc. (4.51%), FMR LLC (3.66%), Nuveen Asset Management LLC (3.15%), Bank of New York Mellon Corp (1.76%) and LSV Asset Management (1.52%). 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 AQR Capital Management LLC, Columbus Circle Investors, Vanguard Group Inc., UBS Group AG, Balyasny Asset Management LLC, Formula Growth Ltd., Prudential Financial Inc., and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold Owens Corning company stock in the last year include Ava Harter, Daniel T Smith, Kelly Schmidt, Marcio A Sandri, Michael H Thaman, 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 FMR LLC, Victory Capital Management Inc., Ardevora Asset Management LLP, Greenhaven Associates Inc., AJO LP, Holocene Advisors LP, Nuveen Asset Management LLC, and Point72 Asset Management L.P..
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 $67.57.

How big of a company is Owens Corning?

Owens Corning has a market capitalization of $7.30 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 19,000 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 9/19/2020 by MarketBeat.com Staff

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