Charles Schwab Investment Management Inc. Buys 15,985 Shares of Owens Corning Inc $OC

Charles Schwab Investment Management Inc. grew its position in shares of Owens Corning Inc (NYSE:OC) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,749 shares of the construction company’s stock after buying an additional 15,985 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Owens Corning worth $84,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

OC has been the topic of a number of research analyst reports. Evercore ISI set a $121.00 target price on Owens Corning in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Owens Corning in a research note on Tuesday. Royal Bank Of Canada dropped their price objective on Owens Corning from $174.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Jefferies Financial Group dropped their target price on shares of 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, Zacks Research downgraded Owens Corning from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $157.67.

Owens Corning Trading Up 1.5%

Shares of NYSE:OC opened at $113.24 on Friday. Owens Corning Inc has a 1 year low of $97.53 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.52 and a quick ratio of 0.95. The firm has a market capitalization of $9.31 billion, a P/E ratio of 29.41, a P/E/G ratio of 9.10 and a beta of 1.31. The business’s 50-day moving average is $122.31 and its 200 day moving average is $135.98.

Owens Corning (NYSE:OC) last released its earnings results on Wednesday, November 5th. The construction company reported $3.67 EPS 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 company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $4.38 EPS. Owens Corning’s revenue for the quarter was down 2.9% on a year-over-year basis. Owens Corning has set its Q4 2025 guidance at EPS. On average, research analysts predict that Owens Corning Inc will post 15.49 earnings per share for the current fiscal year.

Owens Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, October 20th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend 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%.

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.