Owens Corning (NYSE:OC) Price Target Cut to $150.00 by Analysts at Wells Fargo & Company

Owens Corning (NYSE:OC) had its target price cut by Wells Fargo & Company from $175.00 to $150.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other research analysts have also issued reports on OC. Weiss Ratings reiterated a “hold (c)” rating on shares of Owens Corning in a report on Wednesday, October 8th. UBS Group decreased their price target on shares of Owens Corning from $218.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Zacks Research lowered shares of Owens Corning from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Jefferies Financial Group reduced their price objective on shares of Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada lowered 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. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Owens Corning presently has an average rating of “Moderate Buy” and a consensus target price of $162.92.

Owens Corning Price Performance

Shares of OC traded down $0.85 during trading hours on Thursday, reaching $104.09. The stock had a trading volume of 1,603,683 shares, compared to its average volume of 999,981. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.52. Owens Corning has a 12 month low of $103.05 and a 12 month high of $214.53. The stock has a market capitalization of $8.70 billion, a PE ratio of 27.04, a PEG ratio of 9.10 and a beta of 1.31. The company’s 50-day moving average is $137.22 and its two-hundred day moving average is $140.12.

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

Owens Corning Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of OC. Twin Peaks Wealth Advisors LLC acquired a new stake in Owens Corning in the second quarter worth $26,000. Bangor Savings Bank bought a new position in shares of Owens Corning during the 2nd quarter worth about $28,000. Rexford Capital Inc. acquired a new stake in shares of Owens Corning in the 2nd quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Owens Corning in the 2nd quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in Owens Corning by 149.4% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 222 shares of the construction company’s stock worth $31,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds 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.