KBC Group NV Has $64.95 Million Stock Holdings in Owens Corning Inc $OC

KBC Group NV trimmed its holdings in shares of Owens Corning Inc (NYSE:OC) by 25.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 472,267 shares of the construction company’s stock after selling 162,516 shares during the period. KBC Group NV’s holdings in Owens Corning were worth $64,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Owens Corning by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock valued at $1,401,876,000 after acquiring an additional 1,053,855 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 purchasing an additional 957,295 shares during the period. Nuveen LLC acquired a new stake in shares of Owens Corning during the first quarter worth approximately $91,698,000. Millennium Management LLC grew its position in Owens Corning by 179.0% during the first quarter. Millennium Management LLC now owns 863,230 shares of the construction company’s stock valued at $123,287,000 after purchasing an additional 553,864 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Owens Corning in the 2nd quarter valued at approximately $54,030,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Stock Down 0.0%

OC opened at $102.97 on Thursday. The firm has a market cap of $8.46 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31. 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 business has a 50 day moving average price of $133.54 and a 200 day moving average price of $139.12. Owens Corning Inc has a twelve month low of $102.55 and a twelve month high of $214.53.

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 analysts’ consensus estimates of $3.64 by $0.03. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted $4.38 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Owens Corning has set its Q4 2025 guidance at EPS. Research analysts forecast that Owens Corning Inc will post 15.49 EPS for the current year.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, October 20th were given a dividend of $0.69 per share. 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 payout ratio is currently -48.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OC shares. Vertical Research assumed coverage on shares of Owens Corning in a research note on Monday, October 20th. They set a “hold” rating for the company. Weiss Ratings lowered Owens Corning from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Bank of America reduced their price objective on Owens Corning from $180.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Jefferies Financial Group dropped their target price on Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, UBS Group lowered their price target on Owens Corning from $210.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Owens Corning currently has an average rating of “Hold” and a consensus target price 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.