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NYSE:OC

Owens Corning (OC) Stock Price, News & Analysis

Owens Corning logo
$193.99 -1.27 (-0.65%)
(As of 11/15/2024 ET)

About Owens Corning Stock (NYSE:OC)

Key Stats

Today's Range
$193.10
$195.94
50-Day Range
$156.73
$195.79
52-Week Range
$128.79
$199.54
Volume
831,316 shs
Average Volume
686,089 shs
Market Capitalization
$16.64 billion
P/E Ratio
16.51
Dividend Yield
1.24%
Price Target
$192.62
Consensus Rating
Moderate Buy

Company Overview

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.

Owens Corning Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

OC MarketRank™: 

Owens Corning scored higher than 90% of companies evaluated by MarketBeat, and ranked 21st out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Owens Corning has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Owens Corning has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Owens Corning's stock forecast and price target.
  • Earnings Growth

    Earnings for Owens Corning are expected to grow by 3.77% in the coming year, from $15.39 to $15.97 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Owens Corning is 16.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.20.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Owens Corning is 16.51, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 30.47.

  • Price to Earnings Growth Ratio

    Owens Corning has a PEG Ratio of 2.20. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Owens Corning has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Owens Corning's valuation and earnings.
  • Percentage of Shares Shorted

    1.85% of the float of Owens Corning has been sold short.
  • Short Interest Ratio / Days to Cover

    Owens Corning has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Owens Corning has recently decreased by 3.68%, indicating that investor sentiment is improving.
  • Dividend Yield

    Owens Corning pays a meaningful dividend of 1.26%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Owens Corning does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Owens Corning is 20.43%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Owens Corning will have a dividend payout ratio of 15.03% next year. This indicates that Owens Corning will be able to sustain or increase its dividend.

  • Read more about Owens Corning's dividend.
  • Percentage of Shares Shorted

    1.85% of the float of Owens Corning has been sold short.
  • Short Interest Ratio / Days to Cover

    Owens Corning has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Owens Corning has recently decreased by 3.68%, indicating that investor sentiment is improving.
  • News Sentiment

    Owens Corning has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Owens Corning this week, compared to 9 articles on an average week.
  • Search Interest

    Only 6 people have searched for OC on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
  • MarketBeat Follows

    9 people have added Owens Corning to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Owens Corning insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,057,002.00 in company stock.

  • Percentage Held by Insiders

    Only 0.89% of the stock of Owens Corning is held by insiders.

  • Percentage Held by Institutions

    88.40% of the stock of Owens Corning is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Owens Corning's insider trading history.
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OC Stock News Headlines

Tech funds are hemorrhaging cash: Sell this stock now
Something very strange is happening to U.S. stocks following President Trump's victory... And this could spell disaster for some of America's favorite tech companies.
StockNews.com Upgrades Owens Corning (NYSE:OC) to "Buy"
Owens Corning price target lowered to $197 from $218 at UBS
Owens Corning (OC) Receives a Rating Update from a Top Analyst
See More Headlines

OC Stock Analysis - Frequently Asked Questions

Owens Corning's stock was trading at $148.23 at the start of the year. Since then, OC shares have increased by 30.9% and is now trading at $193.99.
View the best growth stocks for 2024 here
.

Owens Corning (NYSE:OC) posted its quarterly earnings data on Wednesday, November, 6th. The construction company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.33. The business's revenue was up 22.9% compared to the same quarter last year.

Owens Corning subsidiaries include Paroc Group, Pittsburgh Corning, InterWrap, Thermafiber, FiberTEK Insulation, The Modulo /ParMur Group, Asahi Glass - Composites Business, and more.

Owens Corning's top institutional investors include State Street Corp (4.87%), Pacer Advisors Inc. (2.16%), Geode Capital Management LLC (1.83%) and Caisse DE Depot ET Placement DU Quebec (0.96%). Insiders that own company stock include Brian Chambers, Marcio A Sandri, Daniel T Smith, W Howard Morris, Gunner Smith, Todd W Fister, Paula Russell, Kelly Schmidt, Monaco Nicolas Del and Mari Doerfler.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Owens Corning investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), NVIDIA (NVDA), The RMR Group (RMR) and TotalEnergies (TTE).

Company Calendar

Ex-Dividend for 11/4 Dividend
10/18/2024
Dividend Payable
11/04/2024
Last Earnings
11/06/2024
Today
11/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/12/2025

Industry, Sector and Symbol

Industry
Abrasive, asbestos, & miscellaneous nonmetallic mineral products
Sub-Industry
Building Products
CUSIP
69074210
Employees
18,000
Year Founded
1938

Price Target and Rating

Average Stock Price Target
$192.62
High Stock Price Target
$218.00
Low Stock Price Target
$145.00
Potential Upside/Downside
-0.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$1.20 billion
Pretax Margin
13.30%

Debt

Sales & Book Value

Annual Sales
$10.44 billion
Cash Flow
$21.41 per share
Book Value
$66.13 per share

Miscellaneous

Free Float
85,021,000
Market Cap
$16.64 billion
Optionable
Optionable
Beta
1.41

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This page (NYSE:OC) was last updated on 11/16/2024 by MarketBeat.com Staff
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