Jupiter Asset Management Ltd. Sells 2,893 Shares of Owens Corning Inc $OC

Jupiter Asset Management Ltd. decreased its position in Owens Corning Inc (NYSE:OC) by 2.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 143,779 shares of the construction company’s stock after selling 2,893 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.17% of Owens Corning worth $19,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OC. Bangor Savings Bank bought a new position in shares of Owens Corning in the 2nd quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Owens Corning in the 2nd quarter worth $30,000. Chilton Capital Management LLC purchased a new position in shares of Owens Corning during the 2nd quarter valued at about $37,000. Assetmark Inc. boosted its position in shares of Owens Corning by 51.0% in the second quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock worth $41,000 after purchasing an additional 101 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Owens Corning in the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Analysts Set New Price Targets

OC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Owens Corning from $157.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial cut their target price on Owens Corning from $165.00 to $135.00 and set a “hold” rating on the stock in a research report on Thursday, October 9th. Vertical Research initiated coverage on Owens Corning in a research report on Monday, October 20th. They set a “hold” rating for the company. Royal Bank Of Canada reduced 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 note on Thursday, November 6th. Finally, Weiss Ratings lowered Owens Corning from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Ten investment 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. Based on data from MarketBeat, Owens Corning has an average rating of “Hold” and a consensus price target of $157.67.

Owens Corning Price Performance

NYSE:OC opened at $102.97 on Thursday. The stock’s fifty day moving average is $133.54 and its two-hundred day moving average is $139.12. 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 company has a market capitalization of $8.46 billion, a P/E ratio of 26.75, a P/E/G ratio of 9.10 and a beta of 1.31. Owens Corning Inc has a 52 week low of $102.55 and a 52 week high of $214.53.

Owens Corning (NYSE:OC) last released 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 business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. Owens Corning had a return on equity of 24.49% and a net margin of 2.98%.The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. Equities analysts expect that Owens Corning Inc will post 15.49 EPS for the current year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, October 20th were paid 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 dividend yield of 2.7%. Owens Corning’s payout ratio 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.