Owens Corning Inc $OC Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Owens Corning Inc (NYSE:OC) by 28.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,146 shares of the construction company’s stock after selling 2,046 shares during the period. SG Americas Securities LLC’s holdings in Owens Corning were worth $708,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. State of Michigan Retirement System raised its position in Owens Corning by 0.4% in the second quarter. State of Michigan Retirement System now owns 24,588 shares of the construction company’s stock valued at $3,381,000 after purchasing an additional 100 shares during the period. Assetmark Inc. increased its position in shares of Owens Corning by 51.0% during the 2nd quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock worth $41,000 after purchasing an additional 101 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in Owens Corning by 6.7% in the 1st quarter. CreativeOne Wealth LLC now owns 1,649 shares of the construction company’s stock valued at $236,000 after buying an additional 103 shares during the period. ProShare Advisors LLC lifted its position in Owens Corning by 3.2% in the second quarter. ProShare Advisors LLC now owns 3,771 shares of the construction company’s stock valued at $519,000 after buying an additional 118 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Owens Corning by 6.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,443 shares of the construction company’s stock worth $349,000 after buying an additional 141 shares during the period. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OC shares. Vertical Research assumed coverage on shares of Owens Corning in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Evercore ISI set a $121.00 target price on Owens Corning in a research report on Thursday, November 6th. Truist Financial decreased their price target 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. Wells Fargo & Company dropped their price objective on Owens Corning from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Zacks Research downgraded Owens Corning from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $157.67.

Owens Corning Stock Performance

Shares of OC stock opened at $104.84 on Tuesday. The firm has a 50 day moving average of $125.16 and a two-hundred day moving average of $136.78. The stock has a market capitalization of $8.62 billion, a PE ratio of 27.23, a P/E/G ratio of 9.10 and a beta of 1.31. 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 Inc has a 52 week low of $97.53 and a 52 week high of $214.53.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.03. The business had revenue of $2.68 billion for 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%.The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. On average, research analysts predict that Owens Corning Inc will post 15.49 EPS for the current fiscal year.

Owens Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, October 20th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $2.76 dividend on an annualized basis and a yield of 2.6%. Owens Corning’s dividend payout ratio (DPR) is currently -48.25%.

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.