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NYSE:OCOwens Corning Stock Price, Forecast & News

$51.15
+2.72 (+5.62 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$50.46
Now: $51.15
$51.47
50-Day Range
$34.98
MA: $41.45
$48.43
52-Week Range
$28.56
Now: $51.15
$68.72
Volume1.55 million shs
Average Volume1.50 million shs
Market Capitalization$5.52 billion
P/E RatioN/A
Dividend Yield1.98%
Beta1.48
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: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.95 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.16 billion
Cash Flow$9.28 per share
Book Value$42.94 per share

Profitability

Net Income$405 million

Miscellaneous

Employees19,000
Market Cap$5.52 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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Owens Corning (NYSE:OC) Frequently Asked Questions

How has Owens Corning's stock 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 stock has increased by 16.6% and is now trading at $51.15. View which stocks have been most impacted by Coronavirus.

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

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens Corning in the last year. There are currently 1 sell rating, 11 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, July 22nd 2020. View our earnings forecast for Owens Corning.

How were Owens Corning's earnings last quarter?

Owens Corning (NYSE:OC) posted its quarterly earnings data on Wednesday, April, 29th. The construction company reported $0.60 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.54 by $0.06. The construction company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Owens Corning had a positive return on equity of 11.93% and a negative net margin of 7.84%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. View Owens Corning's earnings history.

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

Owens Corning declared a quarterly dividend on Thursday, February 6th. Investors of record on Friday, March 6th will be given a dividend of $0.24 per share on Friday, April 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, March 5th. View Owens Corning's dividend history.

What price target have analysts set for OC?

22 brokers have issued 12-month target prices for Owens Corning's shares. Their forecasts range from $37.00 to $80.00. On average, they expect Owens Corning's stock price to reach $55.29 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price. View analysts' price targets for Owens Corning.

Has Owens Corning been receiving favorable news coverage?

News headlines about OC stock have been trending negative recently, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Owens Corning earned a daily sentiment score of -2.6 on InfoTrie's scale. They also gave news headlines about the construction company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutOwens Corning.

Are investors shorting Owens Corning?

Owens Corning saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,450,000 shares, a drop of 37.2% from the April 30th total of 3,900,000 shares. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.3% of the shares of the stock are short sold. View Owens Corning's Current Options Chain.

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), Intel (INTC), Centurylink (CTL), D. R. Horton (DHI), Micron Technology (MU), Pfizer (PFE), Cisco Systems (CSCO) and Delta Air Lines (DAL).

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.68%), State Street Corp (4.26%), Victory Capital Management Inc. (3.67%), Nuveen Asset Management LLC (2.92%), Massachusetts Financial Services Co. MA (1.97%) and Bank of New York Mellon Corp (1.75%). 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 major investors are selling Owens Corning stock?

OC stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Clearbridge Investments LLC, Healthcare of Ontario Pension Plan Trust Fund, Wellington Management Group LLP, Two Sigma Advisers LP, Balyasny Asset Management LLC, APG Asset Management N.V., and APG Asset Management N.V.. 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 major investors are buying Owens Corning stock?

OC stock was acquired by a variety of institutional investors in the last quarter, including Korea Investment CORP, Nuveen Asset Management LLC, Victory Capital Management Inc., JPMorgan Chase & Co., Davis Selected Advisers, Janus Henderson Group PLC, PGGM Investments, and Sumitomo Mitsui Trust Holdings Inc.. 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 $51.15.

How big of a company is Owens Corning?

Owens Corning has a market capitalization of $5.52 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 5/27/2020 by MarketBeat.com Staff

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