Police & Firemen s Retirement System of New Jersey Has $4.46 Million Stock Holdings in Owens Corning Inc $OC

Police & Firemen s Retirement System of New Jersey raised its position in shares of Owens Corning Inc (NYSE:OC) by 4.1% in the second quarter, Holdings Channel reports. The firm owned 32,414 shares of the construction company’s stock after buying an additional 1,285 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Owens Corning were worth $4,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OC. Vanguard Group Inc. lifted its position in shares of 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 grew its position in shares of 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 valued at $339,930,000 after purchasing an additional 957,295 shares during the last quarter. Nuveen LLC bought a new position in shares of Owens Corning in the first quarter worth about $91,698,000. Millennium Management LLC boosted its stake in Owens Corning by 179.0% during the 1st 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 during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Owens Corning in the 2nd quarter worth approximately $54,030,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Owens Corning Trading Down 1.0%

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

Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business earned $4.38 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Owens Corning Inc will post 15.49 earnings per share for the current fiscal year.

Owens Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, October 20th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, October 20th. Owens Corning’s dividend payout ratio is currently -48.25%.

Analysts Set New Price Targets

OC has been the subject of several research reports. Barclays reduced 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Owens Corning in a report on Thursday. Royal Bank Of Canada decreased their price target on shares of 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 objective on shares of Owens Corning from $210.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Owens Corning from $157.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently 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.