Owens 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: $7.17 billion
- Outstanding Shares: 111,902,000
- 50 Day Moving Avg: $65.55
- 200 Day Moving Avg: $60.59
- 52 Week Range: $46.45 - $67.74
Sales & Book Value:
- Trailing P/E Ratio: 16.85
- Foreward P/E Ratio: 14.09
- P/E Growth: 1.32
- Annual Revenue: $5.92 billion
- Price / Sales: 1.21
- Book Value: $34.83 per share
- Price / Book: 1.84
- Annual Dividend: $0.80
- Dividend Yield: 1.2%
- EBIDTA: $1.13 billion
- Net Margins: 7.38%
- Return on Equity: 11.56%
- Return on Assets: 5.74%
- Debt-to-Equity Ratio: 0.57%
- Current Ratio: 1.88%
- Quick Ratio: 1.14%
- Average Volume: 881,787 shs.
- Beta: 1.11
- 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 announced a quarterly dividend on Thursday, June 15th. Shareholders of record on Monday, July 17th will be paid a dividend of $0.20 per share on Wednesday, August 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, July 13th. View Owens Corning's Dividend History.
How were Owens Corning's earnings last quarter?
Owens Corning Inc (NYSE:OC) issued its earnings results on Wednesday, April, 26th. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.24. The firm earned $1.48 billion during the quarter, compared to analyst estimates of $1.31 billion. Owens Corning had a return on equity of 11.56% and a net margin of 7.38%. Owens Corning's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. View Owens Corning's Earnings History.
Where is Owens Corning's stock going? Where will Owens Corning's stock price be in 2017?
22 brokerages have issued 12-month price targets for Owens Corning's shares. Their forecasts range from $43.00 to $77.00. On average, they anticipate Owens Corning's stock price to reach $66.37 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. According to Zacks Investment Research, "Owens Corning is a world leader in building materials systems and composite solutions. Owens Corning people redefine what is possible each day to deliver high-quality products and services ranging from insulation, roofing, siding and stone, to glass composite materials used in transportation, electronics, telecommunications and other high-performance applications. Owens Corning has become a market-leading innovator of glass-fiber technology with sales. " (6/28/2017)
- 2. 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)
- 3. 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)
Who are some of Owens Corning's key competitors?
Some companies that are related to Owens Corning include Martin Marietta Materials (MLM), D.R. Horton (DHI), Lennar Corporation (LEN), Masco Corporation (MAS), Lennar Corporation (LEN.B), United Rentals (URI), NVR (NVR), Rollins (ROL), Acuity Brands (AYI), PulteGroup (PHM), Lennox International (LII), RPM International (RPM), James Hardie Industries PLC. (JHX), Toll Brothers (TOL), Fluor Corporation (FLR), Jacobs Engineering Group (JEC), Thor Industries (THO) and Watsco (WSO.B).
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 variety of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (1.46%), Bank of Montreal Can (0.90%), PGGM Investments (0.35%), Fisher Asset Management LLC (0.31%), Barometer Capital Management Inc. (0.17%) and Dalton Greiner Hartman Maher & Co. (0.17%). Company insiders that own Owens Corning stock include Arnaud Genis, Brian Chambers, Daniel T Smith, F Philip Handy, James J Mcmonagle, 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 Jag Capital Management LLC, Bank of Montreal Can, Russell Investments Group Ltd., Cutler Group LP, Advisors Capital Management LLC, First National Bank of Mount Dora Trust Investment Services, CenturyLink Investment Management Co and Dalton Greiner Hartman Maher & Co.. Company insiders that have sold Owens Corning stock in the last year include Arnaud Genis, Brian Chambers, Daniel T Smith, James J Mcmonagle, Kelly Schmidt, Michael H Thaman, Ralph F Hake and W Howard Morris. 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 PGGM Investments, Barometer Capital Management Inc., Personal Capital Advisors Corp, James Investment Research Inc., Aperio Group LLC, CENTRAL TRUST Co, BB&T Corp and Meeder Asset 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?
MarketBeat Community Rating for Owens Corning (NYSE OC)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.
One share of Owens Corning stock can currently be purchased for approximately $64.09.
Consensus Ratings for Owens Corning (NYSE:OC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 5 Hold Ratings, 15 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.59)|
|Consensus Price Target: ||$66.37 (3.56% upside)|
Analysts' Ratings History for Owens Corning (NYSE:OC)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/19/2017||Jefferies Group LLC||Reiterated Rating||Buy||$77.00||Low|
|6/28/2017||Barclays PLC||Boost Price Target||Equal Weight -> Equal Weight||$64.00 -> $70.00||Low|
|6/27/2017||Northcoast Research||Set Price Target||Sell -> Buy||$70.00 -> $76.00||Low|
|6/26/2017||KeyCorp||Reiterated Rating||Overweight||$70.00 -> $75.00||Low|
|6/22/2017||Credit Suisse Group||Initiated Coverage||Outperform||$75.00||Low|
|6/20/2017||Macquarie||Upgrade||Underperform -> Neutral||$54.00 -> $68.00||Low|
|6/19/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$71.00||High|
|5/1/2017||Stifel Nicolaus||Boost Price Target||Buy||$64.00 -> $72.00||Low|
|4/28/2017||FBR & Co||Boost Price Target||Mkt Perform||$61.00 -> $63.00||Low|
|3/31/2017||Wedbush||Upgrade||Neutral -> Outperform||$58.00 -> $72.00||Low|
|2/17/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$61.00 -> $69.00||N/A|
|2/10/2017||MKM Partners||Reiterated Rating||Sell||$45.00 -> $46.00||N/A|
|2/9/2017||Zelman & Associates||Upgrade||Hold -> Buy||N/A|
|12/7/2016||Seaport Global Securities||Initiated Coverage||Buy||$61.00||N/A|
|11/14/2016||Evercore ISI||Initiated Coverage||Buy||$60.00||N/A|
|10/27/2016||Vertical Research||Upgrade||Hold -> Buy||N/A|
|10/27/2016||CL King||Downgrade||Buy -> Neutral||N/A|
|10/27/2016||Vertical Group||Upgrade||Hold -> Buy||$56.00||N/A|
|9/29/2016||Wells Fargo & Company||Initiated Coverage||Market Perform||N/A|
|9/23/2016||Bank of America Corporation||Initiated Coverage||Neutral||$59.00||N/A|
|7/29/2016||Citigroup Inc.||Boost Price Target||Sell||$41.00 -> $43.00||N/A|
|1/21/2016||Longbow Research||Upgrade||Neutral -> Buy||$51.00||N/A|
|10/22/2015||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||$51.00 -> $48.00||N/A|
Earnings History for Owens Corning (NYSE:OC)Earnings History by Quarter for Owens Corning (NYSE OC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/26/2017||Q1 2017||$0.61||$0.85||$1.31 billion||$1.48 billion||View||N/A|
|2/8/2017||Q416||$0.60||$0.72||$1.31 billion||$1.38 billion||View||Listen|
|10/26/2016||Q316||$0.99||$1.09||$1.32 billion||$1.52 billion||View||Listen|
|7/27/2016||Q216||$0.86||$1.29||$1.46 billion||$1.55 billion||View||Listen|
|4/27/2016||Q116||$0.34||$0.53||$1.24 billion||$1.23 billion||View||Listen|
|2/10/2016||Q415||$0.44||$0.66||$1.28 billion||$1.30 billion||View||Listen|
|10/21/2015||Q315||$0.68||$0.96||$1.42 billion||$1.46 billion||View||Listen|
|7/22/2015||Q215||$0.54||$0.79||$1.41 billion||$1.41 billion||View||Listen|
|4/22/2015||Q115||$0.13||$0.19||$1.24 billion||$1.21 billion||View||N/A|
|2/11/2015||Q414||$0.42||$0.47||$1.31 billion||$1.26 billion||View||N/A|
|10/22/2014||Q314||$0.50||$0.63||$1.39 billion||$1.38 billion||View||Listen|
|7/23/2014||Q214||$0.47||$0.38||$1.32 billion||$1.36 billion||View||N/A|
|4/23/2014||Q114||$0.35||$0.29||$1.34 billion||$1.28 billion||View||N/A|
|2/11/2014||Q413||$0.27||$0.44||$1.21 billion||$1.28 billion||View||N/A|
|10/23/2013||Q313||$0.66||$0.53||$1.40 billion||$1.32 billion||View||N/A|
|7/24/2013||Q2 2013||$0.71||$0.57||$1.46 billion||$1.35 billion||View||N/A|
|4/24/2013||Q1 2013||$0.22||$0.29||$1.35 billion||$1.35 billion||View||N/A|
|2/20/2013||Q4 2012||$0.16||$0.11||$1.16 billion||$1.16 billion||View||Listen|
Earnings Estimates for Owens Corning (NYSE:OC)
2017 EPS Consensus Estimate: $3.88
2018 EPS Consensus Estimate: $4.24
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Owens Corning (NYSE:OC)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||21.00% (Trailing 12 Months of Earnings) |
19.61% (Based on This Year's Estimates)
17.58% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Owens Corning (NYSE OC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Owens Corning (NYSE:OC)
Insider Ownership Percentage: 1.80%Insider Trades by Quarter for Owens Corning (NYSE:OC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/15/2017||James J Mcmonagle||Director||Sell||2,000||$64.60||$129,200.00|| |
|6/14/2017||Arnaud Genis||Insider||Sell||21,544||$65.44||$1,409,839.36|| |
|3/20/2017||Brian Chambers||Insider||Sell||10,000||$61.95||$619,500.00|| |
|3/2/2017||Ralph F Hake||Director||Sell||8,149||$60.00||$488,940.00|| |
|12/13/2016||Michael H Thaman||Chairman||Sell||226,400||$55.50||$12,565,200.00|| |
|8/30/2016||Arnaud Genis||Insider||Sell||66,619||$54.68||$3,642,726.92|| |
|8/23/2016||Kelly Schmidt||VP||Sell||13,200||$54.41||$718,212.00|| |
|8/8/2016||Daniel T Smith||VP||Sell||9,376||$54.11||$507,335.36|| |
|8/8/2016||James J Mcmonagle||Director||Sell||17,489||$53.64||$938,109.96|| |
|8/4/2016||Daniel T Smith||VP||Sell||1,300||$54.01||$70,213.00|| |
|8/3/2016||Daniel T Smith||VP||Sell||13,700||$54.00||$739,800.00|| |
|8/1/2016||Michael H Thaman||Chairman||Sell||150,000||$53.19||$7,978,500.00|| |
|7/29/2016||Daniel T. Smith||VP||Sell||400||$54.00||$21,600.00|| |
|7/29/2016||W Howard Morris||Director||Sell||4,000||$53.25||$213,000.00|| |
|4/11/2016||Kelly Schmidt||VP||Sell||2,000||$50.00||$100,000.00|| |
|11/24/2015||W Howard Morris||Director||Sell||3,000||$47.13||$141,390.00|| |
|11/17/2015||F Philip Handy||Director||Sell||13,000||$46.94||$610,220.00|| |
|11/2/2015||Michael H. Thaman||CEO||Sell||100,000||$46.02||$4,602,000.00|| |
|10/28/2015||Daniel T. Smith||VP||Sell||33,100||$46.19||$1,528,889.00|| |
|10/23/2015||Michael C Mcmurray||CFO||Sell||11,000||$45.52||$500,720.00|| |
|12/4/2014||J Brian Ferguson||Director||Buy||8,400||$35.82||$300,888.00|| |
|12/2/2014||Arnaud Genis||Insider||Sell||16,905||$35.51||$600,296.55|| |
|11/18/2014||Arnaud Genis||Insider||Sell||20,000||$34.50||$690,000.00|| |
|11/6/2014||Arnaud Genis||Insider||Sell||2,200||$33.18||$72,996.00|| |
|5/7/2014||John William Christy||VP||Sell||4,779||$40.00||$191,160.00|| |
|3/14/2014||Daniel Smith||VP||Sell||3,000||$42.61||$127,830.00|| |
|3/5/2014||Arnaud Genis||Insider||Sell||33,125||$46.08||$1,526,400.00|| |
|2/27/2014||Ralph Hake||Director||Sell||2,000||$45.71||$91,420.00|| |
|2/18/2014||Kelly Schmidt||VP||Sell||2,300||$44.56||$102,488.00|| |
|11/11/2013||Michael Mcmurray||CFO||Buy||3,000||$35.79||$107,370.00|| |
|10/25/2013||Edward F Lonergan||Director||Buy||2,000||$37.75||$75,500.00|| |
|5/17/2013||Daniel T Smith||VP||Sell||9,228||$44.58||$411,384.24|| |
|1/17/2013||John William Christy||VP||Sell||3,750||$40.00||$150,000.00|| |
|11/1/2012||David L Johns||SVP||Sell||17,653||$33.74||$595,612.22|| |
Headline Trends for Owens Corning (NYSE:OC)
Latest Headlines for Owens Corning (NYSE:OC)
Owens Corning (OC) Chart for Tuesday, July, 25, 2017