Mitsubishi UFJ Trust & Banking Corp Trims Stock Holdings in Owens Corning Inc $OC

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Owens Corning Inc (NYSE:OC) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,586 shares of the construction company’s stock after selling 33,558 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.11% of Owens Corning worth $13,283,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in OC. Bangor Savings Bank purchased a new position in Owens Corning in the 2nd quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Owens Corning in the second quarter valued at approximately $30,000. Chilton Capital Management LLC purchased a new position in shares of Owens Corning during the second quarter valued at approximately $37,000. Assetmark Inc. boosted its position in Owens Corning by 51.0% during the second quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock worth $41,000 after acquiring an additional 101 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Owens Corning during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OC. Barclays lowered their price objective on Owens Corning from $173.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company lowered their price target on Owens Corning from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada dropped their price objective on shares of Owens Corning from $174.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group lowered their target price 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, Vertical Research started coverage on shares of Owens Corning in a research report on Monday, October 20th. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.67.

Owens Corning Trading Down 1.0%

OC opened at $101.64 on Friday. The firm’s 50 day moving average is $131.47 and its 200-day moving average is $138.53. Owens Corning Inc has a 52-week low of $100.50 and a 52-week high of $214.53. The company has a quick ratio of 0.95, a current ratio of 1.52 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $8.35 billion, a P/E ratio of 26.40, a P/E/G ratio of 9.10 and a beta of 1.31.

Owens Corning (NYSE:OC) last released its quarterly earnings results 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 net margin of 2.98% and a return on equity of 24.49%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business earned $4.38 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. Analysts expect that Owens Corning Inc will post 15.49 EPS for the current fiscal year.

Owens Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, October 20th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, October 20th. Owens Corning’s payout ratio is presently -48.25%.

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.