Owens Corning Inc $OC Position Trimmed by Cozad Asset Management Inc.

Cozad Asset Management Inc. reduced its holdings in Owens Corning Inc (NYSE:OC) by 67.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,394 shares of the construction company’s stock after selling 33,734 shares during the quarter. Cozad Asset Management Inc.’s holdings in Owens Corning were worth $2,255,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of OC. Bangor Savings Bank acquired a new position in Owens Corning in the second quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Owens Corning in the 2nd quarter worth approximately $30,000. Chilton Capital Management LLC acquired a new position in Owens Corning during the 2nd quarter valued at approximately $37,000. Assetmark Inc. grew 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 last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Owens Corning in the second quarter worth $42,000. Institutional investors own 88.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OC. Evercore ISI set a $121.00 price target on shares of Owens Corning in a research report on Thursday, November 6th. Zacks Research lowered shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. 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 note on Thursday, November 6th. UBS Group cut their price target on Owens Corning from $210.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Jefferies Financial Group decreased their price objective on Owens Corning from $185.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Owens Corning currently has a consensus rating of “Hold” and an average price target of $157.67.

Owens Corning Trading Up 5.9%

Shares of Owens Corning stock opened at $104.08 on Friday. The business has a fifty day simple moving average of $126.11 and a 200-day simple moving average of $136.99. Owens Corning Inc has a fifty-two week low of $97.53 and a fifty-two week high of $214.53. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth 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.

Owens Corning (NYSE:OC) last issued 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. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the business earned $4.38 earnings per share. Owens Corning’s revenue for the quarter was down 2.9% compared to the same quarter last year. Owens Corning has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Owens Corning Inc will post 15.49 EPS for the current fiscal year.

Owens Corning Dividend Announcement

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

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.