Vise Technologies Inc. Purchases Shares of 3,053 Owens Corning Inc $OC

Vise Technologies Inc. purchased a new stake in Owens Corning Inc (NYSE:OC) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,053 shares of the construction company’s stock, valued at approximately $420,000.

Several other hedge funds have also made changes to their positions in OC. Vanguard Group Inc. grew its holdings 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 during the period. Price T Rowe Associates Inc. MD grew its holdings in 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 purchasing an additional 957,295 shares during the period. Nuveen LLC purchased a new position in Owens Corning during the first quarter worth approximately $91,698,000. Millennium Management LLC boosted its holdings 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. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Owens Corning during the 2nd quarter valued at $54,030,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Owens Corning from $157.00 to $113.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Jefferies Financial Group decreased their price objective 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. Truist Financial cut their target price on shares of Owens Corning from $165.00 to $135.00 and set a “hold” rating on the stock in a research note on Thursday, October 9th. Evercore ISI set a $121.00 price target on shares of Owens Corning in a research report on Thursday, November 6th. Finally, Vertical Research started coverage on Owens Corning in a report on Monday, October 20th. They issued a “hold” rating for the company. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $157.67.

Owens Corning Price Performance

OC opened at $101.64 on Friday. 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’s 50-day moving average price is $131.47 and its 200 day moving average price is $138.53. Owens Corning Inc has a fifty-two week low of $100.50 and a fifty-two week high of $214.53. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31.

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 net margin of 2.98% and a return on equity of 24.49%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Owens Corning Inc will post 15.49 earnings per share for the current 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%.

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.