Wells Fargo & Company Lowers Owens Corning (NYSE:OC) Price Target to $150.00

Owens Corning (NYSE:OC) had its target price lowered by research analysts at Wells Fargo & Company from $175.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 44.11% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Owens Corning in a research note on Wednesday, October 8th. Jefferies Financial Group lowered their target price on Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Bank of America dropped their price objective on Owens Corning from $180.00 to $168.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Vertical Research initiated coverage on shares of Owens Corning in a research report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Evercore ISI lowered their target price on shares of Owens Corning from $169.00 to $153.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Ten research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.92.

Owens Corning Stock Performance

NYSE OC opened at $104.09 on Thursday. Owens Corning has a 1-year low of $103.05 and a 1-year high of $214.53. The company has a market capitalization of $8.70 billion, a P/E ratio of 27.04, a PEG ratio of 9.10 and a beta of 1.31. The business has a 50 day moving average price of $136.30 and a 200 day moving average price of $139.91. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.52 and a quick ratio of 0.95.

Owens Corning (NYSE:OC) last released its quarterly earnings data 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 business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the firm earned $4.38 EPS. The business’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. Sell-side analysts expect that Owens Corning will post 15.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Owens Corning in the second quarter worth $26,000. Bangor Savings Bank acquired a new position in shares of Owens Corning during the 2nd quarter valued at $28,000. Rexford Capital Inc. purchased a new stake in Owens Corning during the 2nd quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Owens Corning in the 2nd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in Owens Corning by 149.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 222 shares of the construction company’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. 88.40% of the stock is owned by institutional investors and hedge funds.

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.