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NYSE:OC

Owens Corning Stock Forecast, Price & News

$106.47
+2.62 (+2.52 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$104.50
$106.75
50-Day Range
$89.72
$108.22
52-Week Range
$39.63
$109.89
Volume774,332 shs
Average Volume932,808 shs
Market Capitalization$11.12 billion
P/E RatioN/A
Dividend Yield1.00%
Beta1.54
30 days | 90 days | 365 days | Advanced Chart
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Owens Corning logo

About Owens Corning

Owens Corning manufactures and markets a range of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. 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, 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 for 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 construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, 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 manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio.

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Industry, Sector and Symbol

Industry Abrasive, asbestos, & miscellaneous nonmetallic mineral products
Sub-IndustryBuilding Products
CUSIP69074210
Phone419-248-8000
Employees19,000
Year Founded1938

Sales & Book Value

Annual Sales$7.16 billion
Cash Flow$11.51 per share
Book Value$42.94 per share

Profitability

Net Income$405 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$11.12 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.97 out of 5 stars

Construction Sector

17th out of 205 stocks

Abrasive, Asbestos, & Miscellaneous Nonmetallic Mineral Products Industry

1st out of 5 stocks

Analyst Opinion: 2.1Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Owens Corning (NYSE:OC) Frequently Asked Questions

Is Owens Corning a buy right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens Corning in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Owens Corning stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OC, but not buy additional shares or sell existing shares.
View analyst ratings for Owens Corning
or view top-rated stocks.

What stocks does MarketBeat like better than Owens Corning?

Wall Street analysts have given Owens Corning a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Owens Corning wasn't one of them. MarketBeat thinks these five companies 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, August 4th 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, April, 28th. The construction company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.31. The construction company had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.83 billion. Owens Corning had a positive trailing twelve-month return on equity of 11.99% and a negative net margin of 7.94%. The company's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share.
View Owens Corning's earnings history
.

How has Owens Corning's stock 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. Since then, OC stock has increased by 142.7% and is now trading at $106.47.
View which stocks have been most impacted by COVID-19
.

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

Owens Corning declared a quarterly dividend on Thursday, February 4th. Shareholders of record on Friday, March 5th will be given a dividend of $0.26 per share on Friday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, March 4th.
View Owens Corning's dividend history
.

Is Owens Corning a good dividend stock?

Owens Corning pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.00%. Owens Corning does not yet have a strock track record of dividend growth. The dividend payout ratio of Owens Corning is 22.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Owens Corning will have a dividend payout ratio of 18.54% next year. This indicates that Owens Corning will be able to sustain or increase its dividend.
View Owens Corning's dividend history.

How will Owens Corning's stock buyback program work?

Owens Corning announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 3rd 2020, which allows the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

What price target have analysts set for OC?

19 analysts have issued 1 year target prices for Owens Corning's shares. Their forecasts range from $52.00 to $135.00. On average, they anticipate Owens Corning's share price to reach $82.32 in the next twelve months. This suggests that the stock has a possible downside of 22.7%.
View analysts' price targets for Owens Corning
or view top-rated stocks among Wall Street analysts.

Who are Owens Corning's key executives?

Owens Corning's management team includes the following people:
  • Mr. Brian D. Chambers, Pres, CEO & Chairman (Age 54, Pay $2.78M)
  • Mr. Kenneth S. Parks, Exec. VP & CFO (Age 58, Pay $912.12k) (LinkedIn Profile)
  • Mr. Prithvi S. Gandhi, VP of Corp. Strategy, Corp. Devel. & Financial Planning (Age 51, Pay $755.15k)
  • Mr. Daniel T. Smith, Exec. VP & Chief Growth Officer (Age 56, Pay $1.13M) (LinkedIn Profile)
  • Mr. Marcio A. Sandri, Pres of Composites (Age 57, Pay $1.05M) (LinkedIn Profile)
  • Mr. Gunner S. Smith, Pres of Roofing (Age 47, Pay $978.38k) (LinkedIn Profile)
  • Ms. Amber Wohlfarth, Director of Investor Relations
  • Mr. Richard L. Berry, Acting Gen. Counsel
  • Ms. Paula Russell, Exec. VP & Chief HR Officer (Age 43) (LinkedIn Profile)
  • Mr. Raymund Trost, VP of CSB Europe and Managing Director of CSB Europe

What is Brian Chambers' approval rating as Owens Corning's CEO?

73 employees have rated Owens Corning CEO Brian Chambers on Glassdoor.com. Brian Chambers has an approval rating of 87% among Owens Corning's employees.

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).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.83%), Boston Partners (5.72%), Victory Capital Management Inc. (3.51%), Massachusetts Financial Services Co. MA (2.07%), Dimensional Fund Advisors LP (2.05%) and EdgePoint Investment Group Inc. (2.04%). Company insiders that own Owens Corning stock include Ava Harter, Daniel T Smith, Gunner Smith, 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 Boston Partners, Friess Associates LLC, Credit Suisse AG, Dimensional Fund Advisors LP, Korea Investment CORP, Citigroup Inc., UBS Asset Management Americas Inc., and Ardevora Asset Management LLP. 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
or view top insider-selling stocks.

Which institutional investors are buying Owens Corning stock?

OC stock was acquired by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., BlackRock Inc., JPMorgan Chase & Co., Zurcher Kantonalbank Zurich Cantonalbank, Principal Financial Group Inc., Robeco Schweiz AG, Bank of Montreal Can, and Russell Investments Group Ltd..
View insider buying and selling activity for Owens Corning
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Owens Corning's stock price today?

One share of OC stock can currently be purchased for approximately $106.47.

How much money does Owens Corning make?

Owens Corning has a market capitalization of $11.12 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.

How many employees does Owens Corning have?

Owens Corning employs 19,000 workers across the globe.

Does Owens Corning have any subsidiaries?

The following companies are subsidiares of Owens Corning: 0979301 B.C. ULC, AS Paroc, Asahi Glass - Composites Business, Crown Mfg. Inc., Deutsche Foamglas GmbH, Dutch OC Coöperatief Invest U.A., European Owens Corning Fiberglas SPRL, FOAMGLAS (Italia) SRL, FOAMGLAS (Nordic) AB, FiberTEK Insulation, Fibreboard Corp., Finefiber (Shanghai) Building Material Co. Ltd., Finefiber Insulation Co. Pte. Ltd., IBCO SRL, IPM Inc., InterWrap, InterWrap (Hong Kong) Ltd., InterWrap (Qingdao) Trading Co. Ltd., InterWrap Corp., InterWrap Corp. Private Ltd., International Packaging Products Pvt. Ltd., Inversiones Owens Corning Chile Holdings Limitada, Northern Elastomeric, OC Canada Finance Inc., OC Canada Holdings General Partnership, OC Celfortec Company, OC Latin American Holdings GmbH, OC NL Invest Coöperatief U.A., OC PRO CV, OC Steklovolokno AO, OCCV1 Inc., OCCV2 LLC, OCV (Thailand) Co. Limited, OCV Chambéry France, OCV Chambéry International, OCV Finance LLC, OCV Intellectual Capital LLC, OCV Italia Srl, OCV Mexico S. de R.L. de C.V., OCV Servicios Mexico S.A. de C.V., OOO Paroc, Owens Corning (Australia) Pty Limited, Owens Corning (China) Investment Company Limited, Owens Corning (Guangde) Rock Wood Manufacturing Co. Ltd, Owens Corning (Guangzhou) Fiberglas Co. Ltd., Owens Corning (India) Private Limited, Owens Corning (Nanjing) Building Materials Co. Ltd., Owens Corning (Shanghai) Fiberglas Co. Ltd., Owens Corning (Singapore) Pte Ltd, Owens Corning (Tianjin) Building Materials Co. Ltd., Owens Corning (Xi’an) Building Materials Co. Ltd., Owens Corning Alloy Canada GP Inc., Owens Corning Alloy Canada LP, Owens Corning Argentina Sociedad de Responsabilidad Limitada, Owens Corning Automotive LLC, Owens Corning BM (Korea) Ltd, Owens Corning CV GP LLC, Owens Corning Canada GP Inc., Owens Corning Canada Holdings B.V., Owens Corning Canada Holdings ULC, Owens Corning Canada LP, Owens Corning Cayman (China) Holdings, Owens Corning Celfortec Canada GP Inc., Owens Corning Celfortec LP, Owens Corning Composite Materials Canada GP Inc., Owens Corning Composite Materials Canada LP, Owens Corning Composite Materials LLC, Owens Corning Composites (Beijing) Co. Ltd., Owens Corning Composites (China) Co. Ltd., Owens Corning Construction Services LLC, Owens Corning Corporate Services LLC, Owens Corning Elaminator Insulation Systems LLC, Owens Corning Enterprise (India) Pvt. Ltd., Owens Corning Fabrics (Changzhou) Co. Ltd., Owens Corning Fiberglas (U.K.) Pension Plan Ltd., Owens Corning Fiberglas A.S. Limitada, Owens Corning Fiberglas Espana SL, Owens Corning Fiberglas France, Owens Corning Financial Services ULC, Owens Corning Finland Oy, Owens Corning Foam Insulation LLC, Owens Corning GlassMetal Services (Suzhou) Co. Ltd., Owens Corning Global Holdings II Limited Partnership, Owens Corning Global Holdings Limited Partnership, Owens Corning HOMExperts Inc., Owens Corning HT Inc., Owens Corning Holdings 1 CV, Owens Corning Holdings 3 CV, Owens Corning Holdings 4 CV, Owens Corning Holdings 5 CV, Owens Corning Holdings Holland B.V., Owens Corning Hong Kong Limited, Owens Corning Industries (India) Private Limited, Owens Corning Infrastructure Solutions LLC, Owens Corning Insulating Systems Canada GP Inc., Owens Corning Insulating Systems Canada LP, Owens Corning Insulating Systems LLC, Owens Corning Intellectual Capital LLC, Owens Corning InterWrap Canada GP Inc., Owens Corning InterWrap Canada LP, Owens Corning International Holdings C.V., Owens Corning Japan LLC, Owens Corning Kohold B.V., Owens Corning Korea, Owens Corning Mexico S. de R.L. de C.V., Owens Corning Mineral Wool LLC, Owens Corning Non-Woven - Blythewood LLC, Owens Corning Non-Woven Technology LLC, Owens Corning Receivables LLC, Owens Corning Reinforcements (Hangzhou) Co. Ltd., Owens Corning Remodeling Systems LLC, Owens Corning Roofing S. de R.L. de C.V., Owens Corning Roofing and Asphalt LLC, Owens Corning Sales LLC, Owens Corning Science and Technology LLC, Owens Corning Supplementary Pension Plan Limited, Owens Corning Technical Fabrics LLC, Owens Corning Treasury Services LLC, Owens Corning U.S. Holdings LLC, Owens Cornings (Hangzhou) Fiberglass Co. Ltd., Owens-Corning Britinvest Limited, Owens-Corning Cayman Limited, Owens-Corning Fiberglas Deutschland GmbH, Owens-Corning Funding Corporation, Owens-Corning Veil Netherlands B.V., Owens-Corning Veil U.K. Ltd., Paroc AB, Paroc GmbH, Paroc Group, Paroc Group Oy, Paroc Limited, Paroc Oy Ab, Paroc Polska Sp. z o.o., Pittsburgh Corning, Pittsburgh Corning (United Kingdom) Limited, Pittsburgh Corning (Yantai) Insulation Materials Co. Ltd, Pittsburgh Corning Asia Limited, Pittsburgh Corning CR S.R.O., Pittsburgh Corning Europe N.V., Pittsburgh Corning France, Pittsburgh Corning Gesellschaft m.b.h., Pittsburgh Corning LLC, Pittsburgh Corning Nederland B.V., Pittsburgh Corning Singapore Pte. Ltd, Pittsburgh Corning Suisse SA, Qingdao Novia Polymer Co. Ltd., SIA Paroc, Soltech Inc., The Modulo /ParMur Group, Thermafiber, Thermafiber Inc., Transandina de Comercio S.A., UAB Paroc, UC Industries, and Vitro Fibras.

When was Owens Corning founded?

Owens Corning was founded in 1938.

What is Owens Corning's official website?

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

Where are Owens Corning's headquarters?

Owens Corning is headquartered at ONE OWENS CORNING PARKWAY, TOLEDO OH, 43659.

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 5/15/2021 by MarketBeat.com Staff
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