Owens Corning (NYSE:OC) Price Target Lowered to $113.00 at JPMorgan Chase & Co.

Owens Corning (NYSE:OC) had its target price lowered by analysts at JPMorgan Chase & Co. from $157.00 to $113.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.73% from the stock’s current price.

Other analysts have also recently issued reports about the company. Vertical Research started coverage on Owens Corning in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Jefferies Financial Group reduced their target price on Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Zacks Research lowered Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings cut shares of Owens Corning from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday. Finally, Evercore ISI set a $121.00 price objective on shares of Owens Corning in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $157.67.

Owens Corning Trading Up 0.5%

OC traded up $0.56 on Tuesday, hitting $103.93. 324,106 shares of the company were exchanged, compared to its average volume of 1,000,783. 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 fifty day simple moving average of $135.37 and a two-hundred day simple moving average of $139.66. The stock has a market capitalization of $8.54 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31. Owens Corning has a 12 month low of $102.55 and a 12 month high of $214.53.

Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share (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 quarter last year, the business earned $4.38 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Owens Corning will post 15.49 earnings per share for the current year.

Institutional Trading of Owens Corning

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its stake in Owens Corning by 86.6% during the first quarter. Allworth Financial LP now owns 819 shares of the construction company’s stock valued at $118,000 after buying an additional 380 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Owens Corning by 8.4% during the first quarter. Cerity Partners LLC now owns 4,406 shares of the construction company’s stock valued at $629,000 after acquiring an additional 340 shares in the last quarter. CWM LLC raised its position in shares of Owens Corning by 4.3% in the 1st quarter. CWM LLC now owns 31,477 shares of the construction company’s stock worth $4,496,000 after purchasing an additional 1,286 shares during the last quarter. Edgestream Partners L.P. bought a new position in Owens Corning in the 1st quarter worth about $2,017,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Owens Corning by 236.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,839 shares of the construction company’s stock worth $1,976,000 after purchasing an additional 9,730 shares in the last quarter. 88.40% of the stock is owned by institutional investors.

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.