Swiss National Bank Has $35.52 Million Stock Holdings in Owens Corning Inc $OC

Swiss National Bank lifted its position in Owens Corning Inc (NYSE:OC) by 6.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 258,300 shares of the construction company’s stock after purchasing an additional 16,300 shares during the period. Swiss National Bank’s holdings in Owens Corning were worth $35,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bangor Savings Bank acquired a new position in Owens Corning during the 2nd quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Owens Corning in the second quarter worth about $30,000. Chilton Capital Management LLC acquired a new position in shares of Owens Corning during the 2nd quarter worth about $37,000. Assetmark Inc. boosted its stake in Owens Corning by 51.0% during the 2nd quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Owens Corning during the 2nd quarter valued at approximately $42,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Price Performance

NYSE:OC opened at $104.84 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.52. The company has a 50-day moving average of $125.16 and a 200-day moving average of $136.78. Owens Corning Inc has a 52 week low of $97.53 and a 52 week high of $214.53. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 9.10 and a beta of 1.31.

Owens Corning (NYSE:OC) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.67 earnings per share for the quarter, beating 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 the consensus estimate of $2.71 billion. During the same period in the previous year, the business earned $4.38 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Owens Corning Inc 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. Shareholders of record on Monday, October 20th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, October 20th. Owens Corning’s dividend payout ratio is currently -48.25%.

Wall Street Analyst Weigh In

OC has been the topic of several recent analyst reports. UBS Group dropped their price target on Owens Corning from $210.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada dropped 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 report on Thursday, November 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Owens Corning in a report on Wednesday, November 19th. Bank of America decreased their price target on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Finally, Evercore ISI set a $121.00 target price on shares of Owens Corning in a research note on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $157.67.

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.