Owens Corning Inc $OC Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in Owens Corning Inc (NYSE:OC) by 41.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,691 shares of the construction company’s stock after selling 10,423 shares during the quarter. Entropy Technologies LP’s holdings in Owens Corning were worth $2,020,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Owens Corning by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock valued at $1,401,876,000 after buying an additional 1,053,855 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 acquiring an additional 957,295 shares in the last quarter. Nuveen LLC acquired a new position in shares of Owens Corning during the first quarter valued at approximately $91,698,000. Millennium Management LLC raised its holdings in Owens Corning by 179.0% during the first quarter. Millennium Management LLC now owns 863,230 shares of the construction company’s stock worth $123,287,000 after purchasing an additional 553,864 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Owens Corning in the second quarter worth approximately $54,030,000. 88.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI set a $121.00 price target on Owens Corning in a research report on Thursday, November 6th. Wells Fargo & Company dropped their price target on shares of Owens Corning from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Truist Financial cut 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. Zacks Research cut shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group cut their target price on shares of Owens Corning from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.67.

Owens Corning Trading Up 5.9%

Owens Corning stock opened at $104.08 on Friday. Owens Corning Inc has a 52 week low of $97.53 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. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 9.10 and a beta of 1.31. The company has a 50 day moving average price of $126.11 and a 200 day moving average price of $136.99.

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 company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. Research analysts forecast that Owens Corning Inc will post 15.49 EPS for the current year.

Owens Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders 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 dividend payout ratio (DPR) is presently -48.25%.

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.