American Century Companies Inc. Has $34.12 Million Stock Holdings in Owens Corning Inc $OC

American Century Companies Inc. lessened its holdings in Owens Corning Inc (NYSE:OC) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,107 shares of the construction company’s stock after selling 23,079 shares during the period. American Century Companies Inc. owned about 0.30% of Owens Corning worth $34,120,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Owens Corning by 1.3% in the second quarter. Vanguard Group Inc. now owns 9,947,480 shares of the construction company’s stock worth $1,367,977,000 after acquiring an additional 131,795 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 in the last quarter. Nordea Investment Management AB increased its position in Owens Corning by 0.7% in the 2nd 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 last quarter. LSV Asset Management raised its stake in shares of Owens Corning by 1.9% during the 1st quarter. LSV Asset Management now owns 1,476,067 shares of the construction company’s stock worth $210,812,000 after purchasing an additional 27,185 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Owens Corning by 179.0% during the 1st quarter. Millennium Management LLC now owns 863,230 shares of the construction company’s stock valued at $123,287,000 after buying an additional 553,864 shares during the last quarter. 88.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on OC. Vertical Research started coverage on shares of Owens Corning in a research report on Monday, October 20th. They set a “hold” rating on the stock. Evercore ISI set a $121.00 price target on shares of Owens Corning in a research note on Thursday, November 6th. Bank of America reduced their price objective on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. 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. Finally, Truist Financial cut their target price 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, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.67.

Owens Corning Stock Performance

NYSE:OC opened at $113.24 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.52. The firm’s 50-day moving average is $122.31 and its 200-day moving average is $135.98. Owens Corning Inc has a 52-week low of $97.53 and a 52-week high of $208.70. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 9.10 and a beta of 1.31.

Owens Corning (NYSE:OC) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.64 by $0.03. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Owens Corning had a return on equity of 24.49% and a net margin of 2.98%.The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Owens Corning Inc will post 15.49 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 2.4%. Owens Corning’s payout ratio is -48.25%.

Owens Corning 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.