130,331 Shares in Owens Corning Inc $OC Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new stake in shares of Owens Corning Inc (NYSE:OC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 130,331 shares of the construction company’s stock, valued at approximately $17,923,000. ABN Amro Investment Solutions owned about 0.15% of Owens Corning at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bangor Savings Bank bought a new stake in Owens Corning in the second quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Owens Corning during the second quarter valued at approximately $30,000. Chilton Capital Management LLC bought a new position in shares of Owens Corning during the 2nd quarter worth about $37,000. Assetmark Inc. raised its holdings in shares of Owens Corning by 51.0% in the 2nd quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock worth $41,000 after buying an additional 101 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Owens Corning during the second quarter valued at $42,000. Institutional investors own 88.40% of the company’s stock.

Wall Street Analysts Forecast Growth

OC has been the subject of a number of analyst reports. 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 report on Tuesday, October 7th. Zacks Research cut shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. cut their target price on Owens Corning from $157.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday. Royal Bank Of Canada dropped their target price on Owens Corning from $174.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, UBS Group cut their price target on shares of Owens Corning from $210.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.67.

Owens Corning Stock Down 0.0%

OC opened at $102.97 on Thursday. The company has a market cap of $8.46 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 9.10 and a beta of 1.31. Owens Corning Inc has a twelve month low of $102.55 and a twelve month high of $214.53. The company has a 50-day moving average price of $133.54 and a 200 day moving average price of $139.12. 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 posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.71 billion. During the same period in the previous year, the business posted $4.38 earnings per share. Owens Corning’s quarterly 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 Inc will post 15.49 earnings per share for the current fiscal year.

Owens Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, October 20th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, October 20th. Owens Corning’s dividend payout ratio (DPR) 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.