Intech Investment Management LLC Has $3.78 Million Stake in Owens Corning Inc $OC

Intech Investment Management LLC reduced its holdings in Owens Corning Inc (NYSE:OC) by 25.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 27,489 shares of the construction company’s stock after selling 9,189 shares during the quarter. Intech Investment Management LLC’s holdings in Owens Corning were worth $3,780,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Owens Corning by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock valued at $1,401,876,000 after purchasing an additional 1,053,855 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Owens Corning by 67.3% during the first 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 period. Nordea Investment Management AB increased its holdings in Owens Corning by 0.7% in the second 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 lifted its stake in Owens Corning by 1.9% in the first 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 period. Finally, Millennium Management LLC boosted its holdings in Owens Corning by 179.0% during the first 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 and hedge funds own 88.40% of the company’s stock.

Owens Corning Stock Down 0.1%

Shares of OC stock opened at $99.01 on Wednesday. The firm’s fifty day moving average price is $129.34 and its two-hundred day moving average price is $137.81. The company has a current ratio of 1.52, a quick ratio of 0.95 and a debt-to-equity ratio of 0.98. Owens Corning Inc has a 1 year low of $97.67 and a 1 year high of $214.53. The firm has a market capitalization of $8.14 billion, a P/E ratio of 25.72, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.03. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Owens Corning had a return on equity of 24.49% and a net margin of 2.98%.Owens Corning’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Owens Corning Inc will post 15.49 EPS for the current fiscal year.

Owens Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders 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 2.8%. Owens Corning’s dividend payout ratio is currently -48.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group lowered their price target on Owens Corning from $210.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Truist Financial lowered their target price on shares of Owens Corning from $165.00 to $135.00 and set a “hold” rating for the company in a research note on Thursday, October 9th. Evercore ISI set a $121.00 price target on shares of Owens Corning in a research report on Thursday, November 6th. Bank of America decreased their price target on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Finally, Vertical Research initiated coverage on Owens Corning in a research note on Monday, October 20th. They set a “hold” rating on the stock. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $157.67.

Owens Corning 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.