Candriam S.C.A. Sells 42,307 Shares of Owens Corning Inc $OC

Candriam S.C.A. trimmed its holdings in shares of Owens Corning Inc (NYSE:OC) by 19.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 178,405 shares of the construction company’s stock after selling 42,307 shares during the period. Candriam S.C.A. owned approximately 0.21% of Owens Corning worth $24,535,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Owens Corning by 12.0% in the first quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock worth $1,401,876,000 after purchasing an additional 1,053,855 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 957,295 shares during the period. Nuveen LLC bought a new position in shares of Owens Corning during the 1st quarter worth approximately $91,698,000. Millennium Management LLC boosted its stake in Owens Corning by 179.0% in the 1st quarter. Millennium Management LLC now owns 863,230 shares of the construction company’s stock valued at $123,287,000 after buying an additional 553,864 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Owens Corning in the second quarter valued at $54,030,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on OC shares. Royal Bank Of Canada reduced their target price on shares of Owens Corning from $174.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Owens Corning from $157.00 to $113.00 and set a “neutral” rating on the stock in a research report on Tuesday. Evercore ISI set a $121.00 price objective on shares of Owens Corning in a research note on Thursday, November 6th. Barclays cut 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, November 6th. Finally, Vertical Research began coverage on Owens Corning in a research report on Monday, October 20th. They set a “hold” rating on the stock. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.67.

Owens Corning Trading Down 0.6%

Shares of NYSE OC opened at $102.50 on Friday. Owens Corning Inc has a 1-year low of $102.16 and a 1-year high of $214.53. The company has a 50-day moving average of $132.54 and a two-hundred day moving average of $138.86. The company has a market cap of $8.42 billion, a PE ratio of 26.62, a P/E/G ratio of 9.10 and a beta of 1.31. 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 released its quarterly 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 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 analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm earned $4.38 earnings per share. Owens Corning’s revenue was down 2.9% compared to the same quarter last year. Owens Corning has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Owens Corning Inc will post 15.49 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, October 20th were paid 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 2.7%. Owens Corning’s dividend payout ratio (DPR) is presently -48.25%.

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.