Prudential PLC Purchases New Position in Owens Corning Inc $OC

Prudential PLC acquired a new stake in shares of Owens Corning Inc (NYSE:OC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,792 shares of the construction company’s stock, valued at approximately $521,000.

Other large investors have also recently bought and sold shares of the company. Bangor Savings Bank bought a new position in shares of Owens Corning during the second quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Owens Corning in the 2nd quarter valued at $30,000. Chilton Capital Management LLC acquired a new stake in Owens Corning during the 2nd quarter worth $37,000. Assetmark Inc. raised its stake in Owens Corning by 51.0% during the 2nd quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock worth $41,000 after buying an additional 101 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Owens Corning during the second quarter worth about $42,000. Institutional investors own 88.40% of the company’s stock.

Owens Corning Price Performance

Shares of OC opened at $104.84 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.52 and a debt-to-equity ratio of 0.98. Owens Corning Inc has a twelve month low of $97.53 and a twelve month high of $214.53. The stock has a market capitalization of $8.62 billion, a P/E ratio of 27.23, a P/E/G ratio of 9.10 and a beta of 1.31. The company has a 50 day moving average of $125.16 and a 200-day moving average of $136.78.

Owens Corning (NYSE:OC) last announced its 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 business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Owens Corning Inc will post 15.49 EPS 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 issued a $0.69 dividend. The ex-dividend date was Monday, October 20th. This represents a $2.76 annualized dividend and a dividend yield of 2.6%. Owens Corning’s dividend payout ratio (DPR) is presently -48.25%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on OC shares. Barclays lowered their price target on Owens Corning from $173.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada lowered their target price on Owens Corning from $174.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Evercore ISI set a $121.00 price target on shares of Owens Corning in a research note on Thursday, November 6th. Truist Financial reduced their price target on shares of Owens Corning from $165.00 to $135.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Finally, Jefferies Financial Group dropped their price objective on shares of Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.67.

About Owens Corning

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.