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

Owens Corning (NYSE:OC) had its price target cut by investment analysts at Wells Fargo & Company from $175.00 to $150.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 39.00% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Evercore ISI lowered 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 research report on Tuesday, October 7th. UBS Group lowered their price objective on shares of Owens Corning from $218.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Owens Corning in a report on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on shares of Owens Corning from $185.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Zacks Research lowered shares of Owens Corning from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.15.

Owens Corning Stock Down 2.8%

Shares of OC stock traded down $3.12 on Thursday, hitting $107.92. The company’s stock had a trading volume of 471,965 shares, compared to its average volume of 986,535. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 9.10 and a beta of 1.32. The firm’s fifty day moving average price is $138.17 and its 200-day moving average price is $140.37. Owens Corning has a fifty-two week low of $107.00 and a fifty-two week high of $214.53. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.52 and a quick ratio of 0.95.

Owens Corning (NYSE:OC) last issued 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. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. Research analysts anticipate that Owens Corning will post 15.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Owens Corning in the second quarter worth $163,719,000. Vanguard Group Inc. lifted 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 buying an additional 1,053,855 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Owens Corning by 67.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,380,123 shares of the construction company’s stock worth $339,930,000 after buying an additional 957,295 shares during the last quarter. Nuveen LLC bought a new stake in Owens Corning in the first quarter worth $91,698,000. Finally, First Trust Advisors LP lifted its position in Owens Corning by 164.6% in the second quarter. First Trust Advisors LP now owns 920,726 shares of the construction company’s stock worth $126,618,000 after buying an additional 572,770 shares during the last quarter. 88.40% of the stock is owned by hedge funds and other institutional investors.

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.