Owens Corning (NYSE:OC) Hits New 52-Week Low – Should You Sell?

Owens Corning Inc (NYSE:OC)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $121.32 and last traded at $122.5070, with a volume of 1861205 shares. The stock had previously closed at $124.24.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OC. Evercore ISI set a $121.00 target price on Owens Corning in a research note on Thursday. Barclays cut their price objective on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday. Jefferies Financial Group reduced their price objective on Owens Corning from $185.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Royal Bank Of Canada decreased their price objective on Owens Corning from $174.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Owens Corning in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.92.

Owens Corning Trading Down 5.4%

The company has a market cap of $8.78 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31. The firm has a 50-day moving average price of $137.22 and a 200 day moving average price of $140.12. 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 announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share (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 the consensus estimate of $2.71 billion. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Owens Corning Inc will post 15.49 EPS for the current year.

Owens Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, October 20th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, October 20th. Owens Corning’s dividend payout ratio (DPR) is -48.25%.

Institutional Trading of Owens Corning

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Owens Corning in the second quarter worth about $163,719,000. Vanguard Group Inc. lifted its stake in Owens Corning by 12.0% during the first quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock valued at $1,401,876,000 after purchasing an additional 1,053,855 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Owens Corning by 67.3% during 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 in the last quarter. Nuveen LLC bought a new position in shares of Owens Corning in the first quarter valued at $91,698,000. Finally, First Trust Advisors LP lifted its position in shares of Owens Corning by 164.6% during the 2nd quarter. First Trust Advisors LP now owns 920,726 shares of the construction company’s stock valued at $126,618,000 after acquiring an additional 572,770 shares during the last quarter. 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.