Owens Corning Inc $OC Shares Bought by Empower Advisory Group LLC

Empower Advisory Group LLC boosted its holdings in shares of Owens Corning Inc (NYSE:OC) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 424,200 shares of the construction company’s stock after buying an additional 18,849 shares during the quarter. Empower Advisory Group LLC owned 0.50% of Owens Corning worth $58,336,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bangor Savings Bank acquired a new position in Owens Corning during the second quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Owens Corning in the 2nd quarter valued at about $30,000. Chilton Capital Management LLC purchased a new stake in shares of Owens Corning in the second quarter worth about $37,000. Assetmark Inc. grew its holdings 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 period. Finally, Ameritas Advisory Services LLC purchased a new position in Owens Corning during the second quarter valued at approximately $42,000. 88.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OC shares. Royal Bank Of Canada lowered their price objective on Owens Corning from $174.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. UBS Group dropped their price target on shares of Owens Corning from $210.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price objective on shares of Owens Corning from $157.00 to $113.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Zacks Research cut Owens Corning from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Finally, Vertical Research assumed coverage on Owens Corning in a report on Monday, October 20th. They issued a “hold” rating for the company. Ten 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. According to data from MarketBeat.com, Owens Corning currently has a consensus rating of “Hold” and an average target price of $157.67.

Owens Corning Stock Performance

NYSE OC opened at $101.64 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.52 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $131.47 and its 200-day simple moving average is $138.53. The company has a market cap of $8.35 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31. Owens Corning Inc has a 1-year low of $100.50 and a 1-year high of $214.53.

Owens Corning (NYSE:OC) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.64 by $0.03. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Owens Corning had a return on equity of 24.49% and a net margin of 2.98%.The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Owens Corning Inc will post 15.49 EPS for the current fiscal year.

Owens Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, October 20th were given a dividend of $0.69 per share. The ex-dividend date 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 presently -48.25%.

Owens Corning 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.