UBS Group Cuts Owens Corning (NYSE:OC) Price Target to $179.00

Owens Corning (NYSE:OC) had its price target lowered by UBS Group from $210.00 to $179.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

OC has been the topic of a number of other research reports. Evercore ISI lowered their price objective on shares of Owens Corning from $169.00 to $153.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Owens Corning in a research report on Wednesday, October 8th. Truist Financial dropped their price objective on Owens Corning from $165.00 to $135.00 and set a “hold” rating on the stock in a research note on Thursday, October 9th. Zacks Research cut Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Bank of America lowered their target price on Owens Corning from $180.00 to $168.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Owens Corning has a consensus rating of “Moderate Buy” and an average price target of $162.92.

Owens Corning Price Performance

Shares of NYSE OC opened at $104.09 on Thursday. The stock has a market cap of $8.70 billion, a P/E ratio of 27.04, a P/E/G ratio of 9.10 and a beta of 1.31. The firm’s 50-day simple moving average is $136.30 and its 200 day simple moving average is $139.93. Owens Corning has a fifty-two week low of $103.05 and a fifty-two week high of $214.53. The company has a quick ratio of 0.95, a current ratio of 1.52 and a debt-to-equity ratio of 0.98.

Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.03. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the firm posted $4.38 EPS. Owens Corning’s revenue was down 2.9% compared to the same quarter last year. Owens Corning has set its Q4 2025 guidance at EPS. Equities analysts expect that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Dividend Announcement

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

Hedge Funds Weigh In On Owens Corning

A number of institutional investors have recently bought and sold shares of OC. Twin Peaks Wealth Advisors LLC purchased a new stake in Owens Corning during the second quarter valued at about $26,000. Bangor Savings Bank acquired a new stake in shares of Owens Corning during the second quarter valued at approximately $28,000. Rexford Capital Inc. purchased a new stake in shares of Owens Corning in the 2nd quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Owens Corning in the 2nd quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Owens Corning by 149.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 222 shares of the construction company’s stock worth $31,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 88.40% of the company’s stock.

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.