Owens Corning (NYSE:OC) Hits New 52-Week Low – Time to Sell?

Owens Corning Inc (NYSE:OC) reached a new 52-week low during trading on Monday . The company traded as low as $100.50 and last traded at $101.0570, with a volume of 1668847 shares. The stock had previously closed at $102.70.

Analyst Ratings Changes

OC has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Owens Corning in a research note on Thursday, November 13th. Wells Fargo & Company dropped their price objective on Owens Corning from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their target price on Owens Corning from $157.00 to $113.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, Truist Financial lowered their target price on Owens Corning from $165.00 to $135.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $157.67.

Owens Corning Stock Down 0.1%

The company has a market cap of $8.14 billion, a P/E ratio of 25.72, a P/E/G ratio of 9.10 and a beta of 1.31. 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 business’s 50 day moving average is $129.34 and its 200 day moving average is $137.81.

Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.03. The business had revenue of $2.68 billion for 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 business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Owens Corning Inc will post 15.49 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders 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 dividend on an annualized basis and a yield of 2.8%. Owens Corning’s payout ratio is currently -48.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Owens Corning during the second quarter valued at approximately $26,000. Bangor Savings Bank acquired a new position in shares of Owens Corning during the second quarter worth $28,000. Rexford Capital Inc. purchased a new stake in shares of Owens Corning during the 2nd quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Owens Corning in the 2nd quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in Owens Corning by 149.4% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 222 shares of the construction company’s stock valued at $31,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 88.40% of the company’s stock.

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.