Barclays Cuts Owens Corning (NYSE:OC) Price Target to $131.00

Owens Corning (NYSE:OC) had its price objective trimmed by Barclays from $173.00 to $131.00 in a report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

Several other research firms have also commented on OC. Truist Financial cut their price target on shares of Owens Corning from $165.00 to $135.00 and set a “hold” rating on the stock in a report on Thursday, October 9th. Zacks Research downgraded shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Evercore ISI reduced their target price on shares of Owens Corning from $169.00 to $153.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Jefferies Financial Group lowered their price target on Owens Corning from $185.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada cut their price objective on Owens Corning from $184.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.92.

Owens Corning Price Performance

OC stock opened at $104.09 on Thursday. The company has a market cap of $8.70 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31. The company has a current ratio of 1.52, a quick ratio of 0.95 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $136.30 and a two-hundred day moving average price of $139.93. Owens Corning has a 12-month low of $103.05 and a 12-month high of $214.53.

Owens Corning (NYSE:OC) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.03. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. Owens Corning had a return on equity of 24.49% and a net margin of 2.98%.The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, October 20th were issued a $0.69 dividend. The ex-dividend date was Monday, October 20th. This represents a $2.76 dividend on an annualized basis and a yield of 2.7%. Owens Corning’s payout ratio is currently -48.25%.

Institutional Trading of Owens Corning

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Owens Corning by 1.3% in the second quarter. Vanguard Group Inc. now owns 9,947,480 shares of the construction company’s stock worth $1,367,977,000 after acquiring an additional 131,795 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Owens Corning by 67.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,380,123 shares of the construction company’s stock worth $339,930,000 after purchasing an additional 957,295 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Owens Corning by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 2,225,800 shares of the construction company’s stock valued at $305,291,000 after purchasing an additional 15,927 shares in the last quarter. LSV Asset Management boosted its stake in shares of Owens Corning by 1.9% during the 1st quarter. LSV Asset Management now owns 1,476,067 shares of the construction company’s stock valued at $210,812,000 after buying an additional 27,185 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Owens Corning during the second quarter worth approximately $163,719,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Company Profile

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.