Owens Corning (NYSE:OC) Price Target Lowered to $145.00 at Royal Bank Of Canada

Owens Corning (NYSE:OC) had its price objective decreased by Royal Bank Of Canada from $174.00 to $145.00 in a report issued on Thursday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the construction company’s stock.

Several other equities research analysts have also issued reports on the company. UBS Group reduced their price target on Owens Corning from $218.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Barclays reduced their target price on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday. Zacks Research lowered shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Owens Corning in a research note on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective on shares of Owens Corning from $169.00 to $153.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.92.

Owens Corning Stock Down 0.8%

OC stock traded down $0.85 during midday trading on Thursday, reaching $104.09. The company had a trading volume of 1,603,683 shares, compared to its average volume of 999,981. The company has a 50 day moving average of $137.22 and a two-hundred day moving average of $140.12. The company has a market capitalization of $8.70 billion, a P/E ratio of 27.04, a PEG ratio of 9.10 and a beta of 1.31. Owens Corning has a 1 year low of $103.05 and a 1 year high of $214.53. 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 (NYSE:OC) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share for the quarter, topping 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 business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the business posted $4.38 earnings per share. Owens Corning’s revenue for the quarter was down 2.9% compared to the same quarter last year. Owens Corning has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Owens Corning will post 15.49 earnings per share 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 $0.69 dividend. The ex-dividend date was Monday, October 20th. This represents a $2.76 annualized dividend and a dividend yield of 2.7%. Owens Corning’s dividend payout ratio (DPR) is presently -48.25%.

Institutional Trading of Owens Corning

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Owens Corning by 1.3% during the second quarter. Vanguard Group Inc. now owns 9,947,480 shares of the construction company’s stock valued at $1,367,977,000 after buying an additional 131,795 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Owens Corning by 67.3% in 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 acquiring an additional 957,295 shares in the last quarter. Nordea Investment Management AB lifted 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 worth $305,291,000 after acquiring an additional 15,927 shares during the period. LSV Asset Management lifted 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 acquiring an additional 27,185 shares during the period. Finally, Norges Bank acquired a new stake in shares of Owens Corning during the 2nd quarter worth approximately $163,719,000. 88.40% of the stock is owned by institutional investors.

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.