Rathbones Group PLC Grows Stake in Owens Corning Inc $OC

Rathbones Group PLC raised its holdings in shares of Owens Corning Inc (NYSE:OC) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,345 shares of the construction company’s stock after purchasing an additional 4,657 shares during the period. Rathbones Group PLC owned 0.06% of Owens Corning worth $7,061,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Owens Corning by 12.0% during 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 grew its stake in shares of Owens Corning by 67.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,380,123 shares of the construction company’s stock worth $339,930,000 after acquiring an additional 957,295 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Owens Corning by 0.7% during the second quarter. Nordea Investment Management AB now owns 2,225,800 shares of the construction company’s stock valued at $305,291,000 after acquiring an additional 15,927 shares in the last quarter. LSV Asset Management increased its holdings in shares of Owens Corning by 1.9% during the first quarter. LSV Asset Management now owns 1,476,067 shares of the construction company’s stock valued at $210,812,000 after acquiring an additional 27,185 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Owens Corning by 179.0% in the 1st quarter. Millennium Management LLC now owns 863,230 shares of the construction company’s stock valued at $123,287,000 after purchasing an additional 553,864 shares during the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.

Owens Corning Price Performance

NYSE:OC opened at $104.09 on Monday. The firm’s fifty day moving average is $136.30 and its two-hundred day moving average is $139.95. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 9.10 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.52. Owens Corning Inc has a one year low of $103.05 and a one year high of $214.53.

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

Owens Corning Dividend Announcement

The business also recently declared 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 of this dividend was Monday, October 20th. This represents a $2.76 dividend on an annualized basis and a yield of 2.7%. Owens Corning’s payout ratio is presently -48.25%.

Analysts Set New Price Targets

Several research firms have weighed in on OC. Zacks Research downgraded shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada cut their target price on Owens Corning from $174.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday. Evercore ISI set a $121.00 target price on Owens Corning in a research note on Thursday. Wells Fargo & Company dropped their price target on Owens Corning from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Truist Financial cut their price objective on Owens Corning from $165.00 to $135.00 and set a “hold” rating on the stock in a report on Thursday, October 9th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Owens Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.92.

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.