UBS Group Lowers Owens Corning (NYSE:OC) Price Target to $179.00

Owens Corning (NYSE:OC) had its target price dropped by stock analysts at UBS Group from $210.00 to $179.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s price target indicates a potential upside of 71.97% from the stock’s previous close.

A number of other research analysts have also recently issued reports on OC. Evercore ISI reduced 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. Barclays dropped their price target on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday. Wells Fargo & Company cut their price target on Owens Corning from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday. Zacks Research downgraded Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Owens Corning in a report on Wednesday, October 8th. Ten equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.92.

Owens Corning Trading Down 0.8%

Shares of Owens Corning stock opened at $104.09 on Thursday. The stock has a market capitalization of $8.70 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31. Owens Corning has a 52 week low of $103.05 and a 52 week high of $214.53. The stock has a 50 day moving average price of $136.30 and a two-hundred day moving average price of $139.91. 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 (NYSE:OC) last issued its 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 return on equity of 24.49% and a net margin of 2.98%.The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm earned $4.38 earnings per share. Owens Corning’s revenue for the quarter was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Owens Corning by 1.3% in the second quarter. Vanguard Group Inc. now owns 9,947,480 shares of the construction company’s stock worth $1,367,977,000 after acquiring an additional 131,795 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 worth $339,930,000 after purchasing an additional 957,295 shares in the last quarter. Nordea Investment Management AB boosted its stake in 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 purchasing an additional 15,927 shares in the last quarter. LSV Asset Management grew its position in Owens Corning by 1.9% during the 1st quarter. LSV Asset Management now owns 1,476,067 shares of the construction company’s stock valued at $210,812,000 after purchasing an additional 27,185 shares during the last quarter. Finally, Norges Bank bought a new stake in Owens Corning during the 2nd quarter valued at about $163,719,000. 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.