Illinois Municipal Retirement Fund Sells 2,629 Shares of Owens Corning Inc $OC

Illinois Municipal Retirement Fund reduced its position in Owens Corning Inc (NYSE:OC) by 11.1% during the second quarter, Holdings Channel reports. The institutional investor owned 21,080 shares of the construction company’s stock after selling 2,629 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Owens Corning were worth $2,899,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Owens Corning by 12.0% during the first quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock valued at $1,401,876,000 after acquiring an additional 1,053,855 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $339,930,000 after purchasing an additional 957,295 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Owens Corning by 0.7% during 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 during the last quarter. LSV Asset Management boosted its position in shares of Owens Corning by 1.9% in the 1st quarter. LSV Asset Management now owns 1,476,067 shares of the construction company’s stock worth $210,812,000 after purchasing an additional 27,185 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Owens Corning by 179.0% during the 1st quarter. Millennium Management LLC now owns 863,230 shares of the construction company’s stock worth $123,287,000 after buying an additional 553,864 shares during the last quarter. Institutional investors own 88.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OC. Zacks Research cut Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. cut their price objective on shares of Owens Corning from $157.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday. Vertical Research began coverage on shares of Owens Corning in a research note on Monday, October 20th. They issued a “hold” rating for the company. Barclays dropped their target price on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price target on shares of Owens Corning from $174.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Owens Corning has an average rating of “Hold” and a consensus price target of $157.67.

Owens Corning Price Performance

Shares of NYSE OC opened at $102.50 on Friday. Owens Corning Inc has a 52 week low of $102.16 and a 52 week high of $214.53. The business’s 50 day moving average price is $132.54 and its 200 day moving average price is $138.86. The company has a quick ratio of 0.95, a current ratio of 1.52 and a debt-to-equity ratio of 0.98. The firm has a market cap of $8.42 billion, a P/E ratio of 26.62, a P/E/G ratio of 9.10 and a beta of 1.31.

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

Owens Corning Announces Dividend

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

About Owens Corning

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.