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Owens Corning (OC)
NYSE:OC
Owens Corning (OC) Stock Price & Analysis
531 Followers
OC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$103.88 - $181.50
Previous Close$173.72
Volume610.78K
Average Volume (3M)647.23K
Market Cap
$15.05B
Enterprise Value$17.14B
Total Cash (Recent Filing)$1.25B
Total Debt (Recent Filing)$3.30B
Price to Earnings (P/E)14.1
Beta1.33
Next Earnings
Jul 24, 2024EPS Estimate
$4.28Last Dividend Ex-Date
Mar 01, 2024Dividend Yield1.25%
Share Statistics
EPS (TTM)12.35
Shares Outstanding86,656,546
10 Day Avg. Volume566,476
30 Day Avg. Volume647,229
Standard Deviation0.10
R-Squared0.56
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)6.60
Price to Sales (P/S)6.54
Price to Cash Flow (P/CF)160.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.78
Enterprise Value/Gross Profit6.39
Enterprise Value/Ebitda7.98
Forecast
1Y Price Target
$176.25Price Target Upside-0.07% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Owens Corning News
PremiumCompany Announcements
Owens Corning Expands Portfolio with Strategic Acquisition
Bulls Say, Bears Say
Bulls Say
Financial PerformanceOwens Corning's consistent track record is highlighted by its 19th consecutive quarterly earnings beat, showcasing the company's robust financial health and operational efficiency.
Operational EfficiencyManagement's increased long-term roofing EBIT margin guides and the positive outlook on efficiency and margin improvements signal Owens Corning's strong operational strategies moving forward.
Strategic AcquisitionsThe planned acquisition of Masonite International by Owens Corning is expected to bolster its residential market position and is projected to be accretive to earnings, suggesting potential growth from the integration.
Bears Say
Acquisition ConcernsThe Masonite acquisition introduces heightened execution risk and could temporarily reduce share repurchases.
Financial PerformanceAnalyst acknowledges that the Roofing business is currently over-earning and may see limited upside in shares.
Strategic DecisionsThe strategic rationale behind the deal is not immediately clear, with limited synergy between DOOR's largest business (interior doors) and OC.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
OC FAQ
What was Owens Corning’s price range in the past 12 months?
Owens Corning lowest stock price was $103.88 and its highest was $181.50 in the past 12 months.
What is Owens Corning’s market cap?
Currently, no data Available
When is Owens Corning’s upcoming earnings report date?
Owens Corning’s upcoming earnings report date is Jul 24, 2024 which is in 67 days.
How were Owens Corning’s earnings last quarter?
Owens Corning released its earnings results on Apr 24, 2024. The company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.075 by $0.515.
Is Owens Corning overvalued?
According to Wall Street analysts Owens Corning’s price is currently Overvalued.
Does Owens Corning pay dividends?
Owens Corning pays a Quarterly dividend of $0.6 which represents an annual dividend yield of 1.25%. See more information on Owens Corning dividends here
What is Owens Corning’s EPS estimate?
Owens Corning’s EPS estimate is $4.28.
How many shares outstanding does Owens Corning have?
Owens Corning has 86,656,550 shares outstanding.
What happened to Owens Corning’s price movement after its last earnings report?
Owens Corning reported an EPS of $3.59 in its last earnings report, beating expectations of $3.075. Following the earnings report the stock price went down -1.432%.
Which hedge fund is a major shareholder of Owens Corning?
Among the largest hedge funds holding Owens Corning’s share is Davis Selected Advisers. It holds Owens Corning’s shares valued at 398M.
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Owens Corning Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$176.25 (-0.07% Downside)
$176.25 (-0.07% Downside)
Blogger Sentiment
Bullish
OC Sentiment 91%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.4%
Last 30 Days ▲ 5.0%
Last 30 Days ▲ 5.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
65.51%
12-Months-Change
Fundamentals
Return on Equity
22.20%
Trailing 12-Months
Asset Growth
3.96%
Trailing 12-Months
Company Description
Owens Corning
Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and also includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy; provide improved acoustical performance; and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.
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OC Company Deck
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OC Earnings Call
Q1 2024
0:00 / 0:00
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OC Net sales Breakdown
41.65% Roofing
37.90% Insulation
23.62% Composites
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OC Stock 12 Month Forecast
Average Price Target
$176.25
▼(-0.07% Downside)
Technical Analysis
Best Analysts Covering OC
1 Year
1 Year Success Rate
19/21 ratings generated profit
1 Year Average Return
+25.68%
reiterated a buy rating 23 days ago
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