Barclays Issues Pessimistic Forecast for Owens Corning (NYSE:OC) Stock Price

Owens Corning (NYSE:OC) had its price objective lowered by analysts at Barclays from $173.00 to $131.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 25.86% from the stock’s previous close.

OC has been the subject of a number of other research reports. Wells Fargo & Company raised their price target on shares of Owens Corning from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Royal Bank Of Canada cut their target price on Owens Corning from $184.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Bank of America lowered their price target on Owens Corning from $180.00 to $168.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Evercore ISI dropped their price objective on Owens Corning from $169.00 to $153.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Finally, Zacks Research downgraded shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.92.

Owens Corning Stock Performance

OC traded down $0.85 during trading on Thursday, reaching $104.09. 1,603,683 shares of the company’s stock were exchanged, compared to its average volume of 999,981. 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. 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 business has a 50 day moving average price of $136.30 and a 200 day moving average price of $139.91. Owens Corning has a fifty-two week low of $103.05 and a fifty-two 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 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 company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the company posted $4.38 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. As a group, analysts predict that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Owens Corning during the second quarter valued at about $26,000. Bangor Savings Bank purchased a new position in Owens Corning during the second quarter valued at approximately $28,000. Rexford Capital Inc. purchased a new position in Owens Corning during the second quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Owens Corning during the 2nd quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted 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 in the last quarter. 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.