Aviva PLC Has $8.34 Million Holdings in Owens Corning Inc $OC

Aviva PLC boosted its position in Owens Corning Inc (NYSE:OC) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,634 shares of the construction company’s stock after buying an additional 4,091 shares during the period. Aviva PLC owned approximately 0.07% of Owens Corning worth $8,338,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its stake in 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 worth $305,291,000 after purchasing an additional 15,927 shares during the period. Financial Partners Group LLC boosted its holdings in shares of Owens Corning by 23.2% during the 2nd quarter. Financial Partners Group LLC now owns 11,994 shares of the construction company’s stock worth $1,649,000 after buying an additional 2,259 shares in the last quarter. Fox Run Management L.L.C. grew its position in shares of Owens Corning by 307.6% during the 2nd quarter. Fox Run Management L.L.C. now owns 6,428 shares of the construction company’s stock worth $884,000 after buying an additional 4,851 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Owens Corning by 10.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 21,542 shares of the construction company’s stock valued at $2,962,000 after acquiring an additional 2,058 shares in the last quarter. Finally, Highland Capital Management LLC acquired a new position in shares of Owens Corning during the 2nd quarter valued at $297,000. Institutional investors own 88.40% of the company’s stock.

Owens Corning Stock Performance

Shares of Owens Corning stock opened at $102.97 on Thursday. Owens Corning Inc has a 52 week low of $102.55 and a 52 week high of $214.53. 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 business has a 50 day moving average price of $133.54 and a 200-day moving average price of $139.12. 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 (NYSE:OC) last announced its quarterly 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. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. Owens Corning had a return on equity of 24.49% and a net margin of 2.98%.Owens Corning’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Owens Corning Inc will post 15.49 earnings per share for the current fiscal year.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, October 20th were paid a $0.69 dividend. The ex-dividend date was Monday, October 20th. This represents a $2.76 annualized dividend and a dividend yield of 2.7%. Owens Corning’s dividend payout ratio is presently -48.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OC shares. Royal Bank Of Canada reduced their price target on shares of Owens Corning from $174.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Zacks Research downgraded Owens Corning from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings lowered Owens Corning from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Jefferies Financial Group dropped their price target 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. Finally, Truist Financial cut their price target 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 equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $157.67.

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.