Owens Corning (OC - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this construction materials company have returned -8.7% over the past month versus the Zacks S&P 500 composite's no change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has lost 0.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Owens Corning is expected to post earnings of $2.98 per share for the current quarter, representing a year-over-year change of -18.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -26.2%.
For the current fiscal year, the consensus earnings estimate of $9.59 points to a change of -20.4% from the prior year. Over the last 30 days, this estimate has changed -5.4%.
For the next fiscal year, the consensus earnings estimate of $10.72 indicates a change of +11.8% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has changed -11.6%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Owens Corning.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Owens Corning, the consensus sales estimate of $2.6 billion for the current quarter points to a year-over-year change of -3%. The $9.9 billion and $10.26 billion estimates for the current and next fiscal years indicate changes of -2% and +3.6%, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.76 billion in the last reported quarter, representing a year-over-year change of +0.3%. EPS of $3.93 for the same period compares with $4.21 a year ago.
Compared to the Zacks Consensus Estimate of $2.67 billion, the reported revenues represent a surprise of +3.16%. The EPS surprise was +28.43%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Owens Corning (OC - Free Report) closed the most recent trading day at $111.81, moving +1.64% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, lost 0.02%.
The construction materials company's stock has dropped by 9.52% in the past month, falling short of the Construction sector's loss of 5.11% and the S&P 500's gain of 0.67%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. The company is slated to reveal its earnings on November 4, 2026. The company is forecasted to report an EPS of $2.98, showcasing a 18.8% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.6 billion, indicating a 2.98% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.59 per share and revenue of $9.9 billion, indicating changes of -20.41% and -2.02%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Owens Corning. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.44% lower. Owens Corning presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, Owens Corning is currently exchanging hands at a Forward P/E ratio of 11.47. This indicates a discount in contrast to its industry's Forward P/E of 16.16.
Investors should also note that OC has a PEG ratio of 2.54 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.47 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 208, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Banque Pictet & Cie SA lowered its position in shares of Owens Corning Inc (NYSE:OC – Free Report) by 77.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,810 shares of the construction company’s stock after selling 398,161 shares during the period. Banque Pictet & Cie SA owned 0.14% of Owens Corning worth $13,169,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of OC. Tiptree Advisors LLC purchased a new stake in Owens Corning in the second quarter valued at $11,445,000. Louisiana State Employees Retirement System purchased a new position in shares of Owens Corning during the first quarter worth about $2,576,000. Nykredit A S purchased a new position in shares of Owens Corning during the second quarter worth about $166,083,000. Bank of America Corp DE purchased a new position in shares of Owens Corning during the second quarter worth about $133,685,000. Finally, Cibc World Market Inc. acquired a new stake in shares of Owens Corning during the second quarter worth about $4,578,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.
Wall Street Analyst Weigh In A number of research analysts have commented on the stock. DA Davidson set a $143.00 price objective on shares of Owens Corning in a research note on Friday, October 9th. Citigroup raised their price target on Owens Corning from $149.00 to $177.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Truist Financial dropped their price target on Owens Corning from $140.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Benchmark reaffirmed a “hold” rating on shares of Owens Corning in a research note on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Owens Corning in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.57.
Check Out Our Latest Stock Report on OC Insider Buying and Selling at Owens Corning In related news, insider Rachel Barthelemy Marcon sold 900 shares of Owens Corning stock in a transaction on Friday, August 28th. The shares were sold at an average price of $144.07, for a total transaction of $129,663.00. Following the transaction, the insider owned 21,449 shares in the company, valued at approximately $3,090,157.43. The trade was a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company’s stock.
Owens Corning Stock Performance NYSE:OC opened at $112.79 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.16 and a quick ratio of 0.67. The firm has a market cap of $8.92 billion, a PE ratio of -13.99, a P/E/G ratio of 2.63 and a beta of 1.32. The firm has a 50 day simple moving average of $131.60 and a 200-day simple moving average of $129.17. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.91.
Owens Corning (NYSE:OC – Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.09 by $0.84. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the firm posted $4.21 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts expect that Owens Corning Inc will post 9.59 EPS for the current year.
Owens Corning Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, October 19th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, October 19th. Owens Corning’s dividend payout ratio (DPR) is currently -39.21%.
Owens Corning Company Profile (Free Report)
Owens Corning (NYSE:OC) is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its portfolio includes insulation, roofing and composite materials designed to improve energy efficiency, weather protection, durability and structural performance.
The company’s insulation business offers products such as fiberglass and mineral wool insulation, along with related air-sealing and acoustic solutions. Its roofing operations produce shingles, underlayment and other components for residential and commercial roofing systems.
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In the latest trading session, Owens Corning (OC - Free Report) closed at $113.69, marking a +2.18% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.33%. Elsewhere, the Dow saw an upswing of 1.08%, while the tech-heavy Nasdaq appreciated by 0.08%.
The stock of construction materials company has fallen by 12.11% in the past month, lagging the Construction sector's loss of 3.95% and the S&P 500's gain of 1.41%.
Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company plans to announce its earnings on November 4, 2026. In that report, analysts expect Owens Corning to post earnings of $2.98 per share. This would mark a year-over-year decline of 18.8%. Meanwhile, our latest consensus estimate is calling for revenue of $2.6 billion, down 2.98% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.59 per share and a revenue of $9.9 billion, signifying shifts of -20.41% and -2.02%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Owens Corning. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.57% lower. At present, Owens Corning boasts a Zacks Rank of #4 (Sell).
From a valuation perspective, Owens Corning is currently exchanging hands at a Forward P/E ratio of 11.6. This signifies a discount in comparison to the average Forward P/E of 15.37 for its industry.
It is also worth noting that OC currently has a PEG ratio of 2.57. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Miscellaneous industry had an average PEG ratio of 1.43 as trading concluded yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 213, finds itself in the bottom 14% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Owens Corning (NYSE: OC), a building products leader, is scheduled to announce its third-quarter financial results on Wednesday, November 4, 2026, before the Ne
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a building products leader, is scheduled to announce its third-quarter financial results on Wednesday, November 4, 2026, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/401280488 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is sc.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Owens Corning (OC - Free Report) .
Owens Corning currently has an average brokerage recommendation (ABR) of 1.95, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.95 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 12 are Strong Buy, representing 63.2% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
While the ABR calls for buying Owens Corning, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is OC a Good Investment?Looking at the earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has declined 5% over the past month to $9.45.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #5 (Strong Sell) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Owens Corning with a grain of salt.
Owens Corning (OC - Free Report) ended the recent trading session at $114.16, demonstrating a -2.59% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.
The construction materials company's shares have seen a decrease of 8.07% over the last month, not keeping up with the Construction sector's loss of 3.85% and the S&P 500's gain of 1.34%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. The company is expected to report EPS of $2.93, down 20.16% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.63 billion, down 2.14% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.89 per share and revenue of $10.03 billion, which would represent changes of -17.93% and -0.69%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.58% lower within the past month. Owens Corning is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Owens Corning is presently being traded at a Forward P/E ratio of 11.85. This indicates a discount in contrast to its industry's Forward P/E of 15.37.
It's also important to note that OC currently trades at a PEG ratio of 1.89. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. OC's industry had an average PEG ratio of 1.38 as of yesterday's close.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest trading session, Owens Corning (OC - Free Report) closed at $117.20, marking a +2.2% move from the previous day. This change outpaced the S&P 500's 0.47% loss on the day. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 1.25%.
The stock of construction materials company has fallen by 10.87% in the past month, lagging the Construction sector's loss of 4.19% and the S&P 500's gain of 1.15%.
Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company's upcoming EPS is projected at $2.97, signifying a 19.07% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.63 billion, down 2.14% from the prior-year quarter.
OC's full-year Zacks Consensus Estimates are calling for earnings of $9.89 per share and revenue of $10.03 billion. These results would represent year-over-year changes of -17.93% and -0.69%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Owens Corning. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.58% lower. Owens Corning is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Owens Corning has a Forward P/E ratio of 11.6 right now. This represents a discount compared to its industry average Forward P/E of 15.83.
It's also important to note that OC currently trades at a PEG ratio of 1.85. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Building Products - Miscellaneous industry held an average PEG ratio of 1.43.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 219, placing it within the bottom 11% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OC in the coming trading sessions, be sure to utilize Zacks.com.
QXO (QXO -6.61%), a tech-enabled roofing and building products distributor, closed at $11.30, down 6.65%. A premarket RBC price-target cut and softer residential roofing demand pressured the shares; investors are watching demand trends and execution on integration. Trading volume reached 44.4M shares, coming in about 114% above its three-month average of 20.8M shares. QXO IPO'd in 2024 and has fallen 6% since going public.
How the markets moved todayThe S&P 500 (^GSPC -0.22%) fell 0.23% to 7,801, and the Nasdaq Composite (^IXIC -0.22%) slipped 0.22% to 27,539. Among building products distribution and installation peers, Builders FirstSource (BLDR -4.75%) closed at $53.57, down 4.71%, while Owens Corning (OC -4.26%) ended at $114.59, down 4.33%, reflecting softer housing-demand sentiment across the group.
What this means for investorsAn RBC analyst lowered their price target on QXO from $27 to $18, prompting the latter's shares to slip 7%. While QXO remains a "preferred name" for RBC with an outperform rating (and 50%-plus upside from today’s price), the analyst believes QXO's sales may slip by high single digits in Q3 compared to last year.
Though the price target change was QXO-specific, RBC's sour outlook was industrywide, as it revised its estimates for building-product manufacturers, projecting a 10% drop in earnings per share in 2027.
Helmed by serial acquirer Brad Jacobs, QXO will have its work cut out for it, as it will have to rely on M&A to drive the majority of growth in the near term, while the broader U.S. housing market remains somewhat gridlocked.
I may buy a few more QXO shares -- largely because of Jacobs' track record -- but I'll treat it as a more speculative investment for now, since a housing turnaround may take multiple years.
Owens Corning (OC - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this construction materials company have returned -8% over the past month versus the Zacks S&P 500 composite's +1.4% change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has lost 5.5% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Owens Corning is expected to post earnings of $2.97 per share, indicating a change of -19.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.4% over the last 30 days.
The consensus earnings estimate of $9.89 for the current fiscal year indicates a year-over-year change of -17.9%. This estimate has changed -0.6% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $11.95 indicates a change of +20.9% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has changed -2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Owens Corning is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Owens Corning, the consensus sales estimate of $2.63 billion for the current quarter points to a year-over-year change of -2.1%. The $10.03 billion and $10.47 billion estimates for the current and next fiscal years indicate changes of -0.7% and +4.4%, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.76 billion in the last reported quarter, representing a year-over-year change of +0.3%. EPS of $3.93 for the same period compares with $4.21 a year ago.
Compared to the Zacks Consensus Estimate of $2.67 billion, the reported revenues represent a surprise of +3.16%. The EPS surprise was +28.43%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Stocks shattered records again Tuesday while oil surged, gold hit new highs, and crypto swung wildly, setting the stage for a fresh wave of analyst moves on names like Marvell, Intuitive Surgical, and NetApp that could reshape portfolios heading into…
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Pre-Market Stock Futures: Futures are trading lower as today’s oil and interest rates are higher. Baseball legend Babe Ruth was often credited with the saying, “Records are made to be broken,” and Tuesday was one of those days for the stock market. For the second straight day, all major indices ended higher, with only the Russell 2000 trading lower, closing at 2,830, down 0.59%.
The big news was the S&P 500 and the tech-heavy Nasdaq doing the heavy lifting, as both indices closed or printed intraday record highs. The S&P 500 finished the session at 7,818, up 0.58% and an all-time close, while the Nasdaq hit an intraday all-time high of 27,639 and ultimately closed at 27,599, up 0.45%. Falling interest rates and stabilizing oil prices did the trick once again. A major power infrastructure deal between Alphabet (NASDAQ: GOOGL | GOOGL Price Prediction) and Constellation Energy Corporation (NASDAQ: CEG) to power data centers with nuclear energy was also a huge positive for stocks on Tuesday.
Treasury Bonds: Lower yields across the Treasury yield curve fueled continued stock market strength, except for the one-month T-bill, which rose only slightly. The biggest buying was in the belly of the curve, from the 2-year to the 10-year note, which finished the session at 5.28%. With the Bond vigilantes pushing rates higher, much of the Fed’s work has been done, and there is a good chance of no hike this month, and perhaps not another until the end of the year or early 2027.
Oil and Gas: While oil prices moved modestly higher Tuesday, gains were light, as was trading volume, as Strait of Hormuz traffic continues to grow. Price plunged early as rising supplies and inventories, plus the G7 release of 100 million barrels, spurred selling, but buyers returned late in the session to produce small gains. When the dust settled, Brent Crude closed at $101, while West Texas Intermediate was last seen at $ 89.91, up 0.54%. Natural gas closed the day at $ 3.12, up 1.57%.
Gold: The precious metals complex had a solid day Tuesday as more investors are sensing the possibility of no rate cuts until the end of the year, and continued central bank buying provided a solid tailwind for the sector. By the close, Gold was last seen at $4,163, up 0.57%, while Silver ended the trading day at $61.23, up 0.50%.
Crypto: Cryptocurrency prices traded higher overall on Tuesday, recovering from early losses as optimism from a record-breaking stock market spilled over into digital assets. Bitcoin repeatedly traded above the $86,000 mark throughout the day. Positive momentum was heavily driven by a new U.S. Commodity Futures Trading Commission (CFTC) regulatory proposal that seeks to create a unified federal framework for crypto leverage trading, offering an alternative to state-by-state licensing. Bitcoin repeatedly traded above the $86,000 threshold throughout the session.
Bullish momentum was heavily supported by a new U.S. Commodity Futures Trading Commission (CFTC) regulatory proposal. According to Reuters, the plan aims to establish a unified federal framework for crypto leverage trading, providing market participants with an alternative to navigating fragmented state-by-state licensing. At 8 AM EDT, Bitcoin was trading at $83,600, while Ethereum was quoted at $2,572, both down sharply over the last 24 hours.
24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations from Wednesday, October 7, 2026.
Upgrades: Allstate (NYSE: ALL) was upgraded to Buy from Hold at HSBC, which lowered the target price for the insurance company to $266 from $282. Flutter Entertainment (NYSE: FLUT) was upgraded to Buy from Neutral at Citigroup, which trimmed the target price for the shares to $91 from $93. Invesco (NYSE: IVZ) was upgraded to Buy from Neutral at UBS, which doubled the target price for the financial giant to $42 from $ 21 Marvell (NASDAQ: MRVL) was raised to Buy from Hold at TD Cowen, which lifted the target price for the shares to $350 from $245. NetApp (NASDAQ: NTAP) was upgraded to Outperform from In Line at Evercore ISI, which boosted the target price to $300 from $210. Downgrades: AppFolio (NASDAQ: APPF) was downgraded to Neutral from Buy at UBS, which moved the target price to $220 from $200. Builders FirstSource (NASDAQ: BLDR) was downgraded to Neutral from Buy at UBS, which cut the target price for the stock to $62 from $88. Eni SpA (NYSE: E) was cut to Neutral from Outperform at BNP Paribas, with a $56.30 target price. Mohawk Industries (NYSE: MHK) was cut to Underperform from Sector Perform at RBC Capital, which dropped the target price to $112 from $130. Owens Corning (NYSE: OC) was downgraded to Sector Perform from Outperform at RBC Capital, which slashed the price target for the stock to $127 from $172. Initiations: Abbott Laboratories (NYSE: ABT) was initiated with an Overweight rating at Barclays, with a $120 target price. Delek US Holdings (NYSE: DK) was initiated with a Hold rating at Freedom Broker, with an $86 price target. GE Healthcare Technologies (NASDAQ: GEHC) was started with an Overweight rating at Barclays, which has an $85 target price for the stock. Honeywell Aerospace (NASDAQ: HONA) was initiated with a Neutral rating at Goldman Sachs, with a $190 target price. Intuitive Surgical (NASDAQ: ISRG) was started with an Overweight rating at Barclays, which has a $85 target price. Contact [email protected] for any questions or corrections.
In the latest trading session, Owens Corning (OC - Free Report) closed at $118.36, marking a +1.08% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.
Shares of the construction materials company have depreciated by 13.08% over the course of the past month, underperforming the Construction sector's loss of 2.15%, and the S&P 500's gain of 0.55%.
The upcoming earnings release of Owens Corning will be of great interest to investors. The company is forecasted to report an EPS of $2.97, showcasing a 19.07% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $2.63 billion, down 2.14% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.89 per share and a revenue of $10.03 billion, representing changes of -17.93% and -0.69%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.58% lower. Currently, Owens Corning is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Owens Corning is presently trading at a Forward P/E ratio of 11.84. This expresses a discount compared to the average Forward P/E of 15.64 of its industry.
One should further note that OC currently holds a PEG ratio of 1.89. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Miscellaneous was holding an average PEG ratio of 1.42 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 22% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
CSW Industrials (NYSE:CSW – Get Free Report) and Owens Corning (NYSE:OC – Get Free Report) are both mid-cap industrials companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, institutional ownership, analyst recommendations, dividends, profitability, risk and earnings.
Dividends CSW Industrials pays an annual dividend of $1.20 per share and has a dividend yield of 0.4%. Owens Corning pays an annual dividend of $3.16 per share and has a dividend yield of 2.7%. CSW Industrials pays out 16.5% of its earnings in the form of a dividend. Owens Corning pays out -39.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. CSW Industrials has raised its dividend for 6 consecutive years and Owens Corning has raised its dividend for 10 consecutive years. Owens Corning is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Earnings & Valuation This table compares CSW Industrials and Owens Corning”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio CSW Industrials $1.08 billion 4.42 $112.04 million $7.29 40.28 Owens Corning $10.10 billion 0.93 -$522.00 million ($8.06) -14.69 CSW Industrials has higher earnings, but lower revenue than Owens Corning. Owens Corning is trading at a lower price-to-earnings ratio than CSW Industrials, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations This is a summary of current recommendations for CSW Industrials and Owens Corning, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score CSW Industrials 0 6 1 2 2.56 Owens Corning 1 5 9 3 2.78 CSW Industrials presently has a consensus price target of $347.57, indicating a potential upside of 18.36%. Owens Corning has a consensus price target of $164.15, indicating a potential upside of 38.67%. Given Owens Corning’s stronger consensus rating and higher possible upside, analysts clearly believe Owens Corning is more favorable than CSW Industrials.
Insider and Institutional Ownership 82.8% of CSW Industrials shares are owned by institutional investors. Comparatively, 88.4% of Owens Corning shares are owned by institutional investors. 1.2% of CSW Industrials shares are owned by insiders. Comparatively, 0.9% of Owens Corning shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Profitability This table compares CSW Industrials and Owens Corning’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets CSW Industrials 10.34% 17.41% 8.90% Owens Corning -6.81% 20.52% 6.21% Volatility & Risk CSW Industrials has a beta of 0.81, meaning that its stock price is 19% less volatile than the S&P 500. Comparatively, Owens Corning has a beta of 1.32, meaning that its stock price is 32% more volatile than the S&P 500.
Summary Owens Corning beats CSW Industrials on 11 of the 18 factors compared between the two stocks.
(Get Free Report)
CSW Industrials, Inc. operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products. The Engineered Building Solutions segment offers architectural railings and associated services; fire and smoke protection solutions; and pre-engineered and custom architectural building components for use in architecturally specified building products. The Specialized Reliability Solutions segment provides compounds, lubricants, lubricant management products, and sealants; desiccant breather filtration products; and contamination control, industrial maintenance and repair, rail friction modifiers, sealants, and operations solutions for use in energy, general industrial, mining, and rail transportation. The company was incorporated in 2014 and is headquartered in Dallas, Texas.
About Owens Corning (Get Free Report)
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. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Owens Corning (OC - Free Report) . OC is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.24 right now. For comparison, its industry sports an average P/E of 15.95. Over the past 52 weeks, OC's Forward P/E has been as high as 13.40 and as low as 8.54, with a median of 10.70.
Investors should also recognize that OC has a P/B ratio of 2.38. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. OC's current P/B looks attractive when compared to its industry's average P/B of 5.69. Within the past 52 weeks, OC's P/B has been as high as 3.23 and as low as 2.19, with a median of 2.51.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. OC has a P/S ratio of 0.99. This compares to its industry's average P/S of 1.27.
Finally, investors should note that OC has a P/CF ratio of 11.93. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 13.84. OC's P/CF has been as high as 13.25 and as low as 8.85, with a median of 11.70, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Owens Corning is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, OC feels like a great value stock at the moment.
In the latest close session, Owens Corning (OC - Free Report) was up +2.64% at $123.91. This change outpaced the S&P 500's 0.51% gain on the day. Elsewhere, the Dow saw an upswing of 0.93%, while the tech-heavy Nasdaq appreciated by 0.48%.
The stock of construction materials company has fallen by 15.98% in the past month, lagging the Construction sector's loss of 6.82% and the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of Owens Corning in its forthcoming earnings report. The company's upcoming EPS is projected at $3.2, signifying a 12.81% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.63 billion, down 2.14% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.94 per share and revenue of $9.97 billion. These totals would mark changes of -17.51% and -1.35%, respectively, from last year.
Any recent changes to analyst estimates for Owens Corning should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Owens Corning is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Owens Corning's current valuation metrics, including its Forward P/E ratio of 12.14. This signifies a discount in comparison to the average Forward P/E of 15.15 for its industry.
It's also important to note that OC currently trades at a PEG ratio of 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Miscellaneous was holding an average PEG ratio of 1.46 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 177, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OC in the coming trading sessions, be sure to utilize Zacks.com.
Owens Corning (OC - Free Report) closed at $122.88 in the latest trading session, marking a -2.98% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
Shares of the construction materials company have depreciated by 13.61% over the course of the past month, underperforming the Construction sector's loss of 5.73%, and the S&P 500's gain of 1.26%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. The company's earnings per share (EPS) are projected to be $3.2, reflecting a 12.81% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.63 billion, indicating a 2.14% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.94 per share and a revenue of $9.97 billion, signifying shifts of -17.51% and -1.35%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Owens Corning. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Owens Corning possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Owens Corning is presently being traded at a Forward P/E ratio of 12.74. This represents a discount compared to its industry average Forward P/E of 16.01.
We can also see that OC currently has a PEG ratio of 1.9. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.48 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 167, placing it within the bottom 33% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Owens Corning (OC - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this construction materials company have returned -13.6% over the past month versus the Zacks S&P 500 composite's +1.3% change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has lost 8.2% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Owens Corning is expected to post earnings of $3.20 per share, indicating a change of -12.8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $9.94 for the current fiscal year indicates a year-over-year change of -17.5%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $12.13 indicates a change of +22% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Owens Corning is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Owens Corning, the consensus sales estimate for the current quarter of $2.63 billion indicates a year-over-year change of -2.1%. For the current and next fiscal years, $9.97 billion and $10.44 billion estimates indicate -1.3% and +4.7% changes, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.76 billion in the last reported quarter, representing a year-over-year change of +0.3%. EPS of $3.93 for the same period compares with $4.21 a year ago.
Compared to the Zacks Consensus Estimate of $2.67 billion, the reported revenues represent a surprise of +3.16%. The EPS surprise was +28.43%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
NewEdge Advisors LLC grew its position in Owens Corning Inc (NYSE:OC – Free Report) by 117.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,739 shares of the construction company’s stock after buying an additional 6,338 shares during the quarter. NewEdge Advisors LLC’s holdings in Owens Corning were worth $1,866,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in OC. BlackRock Inc. purchased a new stake in Owens Corning in the 2nd quarter valued at approximately $1,401,161,000. Dimensional Fund Advisors LP raised its position in shares of Owens Corning by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,764,616 shares of the construction company’s stock valued at $299,167,000 after buying an additional 188,211 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Owens Corning by 22.7% during the first quarter. First Trust Advisors LP now owns 2,179,214 shares of the construction company’s stock valued at $235,835,000 after buying an additional 403,803 shares during the period. LSV Asset Management boosted its position in Owens Corning by 1.0% during the fourth quarter. LSV Asset Management now owns 1,463,671 shares of the construction company’s stock worth $163,799,000 after acquiring an additional 14,109 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Owens Corning by 460.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,313,019 shares of the construction company’s stock valued at $146,940,000 after acquiring an additional 1,078,877 shares during the last quarter. 88.40% of the stock is currently owned by hedge funds and other institutional investors.
Owens Corning Stock Performance Shares of OC stock opened at $123.75 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The company has a market cap of $9.78 billion, a PE ratio of -15.35, a P/E/G ratio of 1.86 and a beta of 1.32. The company’s fifty day simple moving average is $141.90 and its 200-day simple moving average is $127.82. Owens Corning Inc has a 52 week low of $97.53 and a 52 week high of $159.91.
Owens Corning (NYSE:OC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.84. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.66 billion. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.21 EPS. As a group, equities research analysts anticipate that Owens Corning Inc will post 9.94 EPS for the current year. Owens Corning Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, October 19th will be issued a $0.79 dividend. The ex-dividend date is Monday, October 19th. This represents a $3.16 dividend on an annualized basis and a yield of 2.6%. Owens Corning’s payout ratio is currently -39.21%.
Key Stories Impacting Owens Corning Here are the key news stories impacting Owens Corning this week:
Positive Sentiment: The board declared a quarterly cash dividend of $0.79 per share, payable November 5 to shareholders of record on October 19. The dividend implies an annualized payout of $3.16 and a yield of roughly 2.5%–2.6%, supporting the stock’s income appeal. Owens Corning Declares Third-Quarter 2026 Dividend Positive Sentiment: Zacks Research upgraded OC from “Hold” to “Strong Buy,” reflecting optimism about the company’s earnings outlook, cash generation and operating performance. Positive Sentiment: Analysts point to resilient Roofing demand, improving Insulation trends, cost reductions and strong free cash flow as potential supports for further gains. Infrastructure and data-center construction could also provide longer-term demand outside traditional residential housing. Owens Corning Stock Rises 17% in Six Months Neutral Sentiment: The dividend declaration is subject to future board approval and depends on earnings, financial condition, cash needs and business prospects; it does not by itself signal a change in the company’s earnings outlook. Negative Sentiment: Persistent weakness in the housing market remains a key risk for Owens Corning, potentially limiting demand for building materials and offsetting strength in commercial and infrastructure projects. Execution will be important as the company navigates cost pressures and uneven end-market conditions. Owens Corning Navigating Through the Moribund Housing Market Negative Sentiment: OC recently underperformed the broader market in the prior session, indicating that investors remain cautious despite the six-month rally and positive analyst commentary. Owens Corning Falls More Steeply Than Broader Market Analysts Set New Price Targets Several research firms have recently issued reports on OC. Royal Bank Of Canada raised their price objective on Owens Corning from $148.00 to $172.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Weiss Ratings upgraded Owens Corning from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Owens Corning from $136.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of Owens Corning from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Owens Corning from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.
Check Out Our Latest Stock Analysis on OC
Insiders Place Their Bets In other news, insider Rachel Barthelemy Marcon sold 900 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $144.07, for a total transaction of $129,663.00. Following the completion of the sale, the insider directly owned 21,449 shares in the company, valued at $3,090,157.43. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by insiders.
Owens Corning Company Profile (Free Report)
Owens Corning (NYSE:OC) is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its portfolio includes insulation, roofing materials and glass-fiber composites designed to improve energy efficiency, durability and structural performance.
The company’s insulation products include fiberglass, mineral wool and foam insulation, as well as related air-sealing and weatherization products. Its roofing business provides asphalt shingles, roofing components and other solutions for residential and commercial applications.
Read More Five stocks we like better than Owens Corning J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning 2 Stocks Breaking Out Post-FOMC With One Thing in Common Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons
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Nykredit A S acquired a new position in shares of Owens Corning Inc (NYSE:OC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,044,808 shares of the construction company’s stock, valued at approximately $166,083,000. Nykredit A S owned approximately 1.32% of Owens Corning as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LP increased its holdings in Owens Corning by 41.8% during the second quarter. Corient Private Wealth LP now owns 40,157 shares of the construction company’s stock worth $6,383,000 after buying an additional 11,841 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Owens Corning by 18.8% in the 2nd quarter. HighTower Advisors LLC now owns 10,733 shares of the construction company’s stock valued at $1,706,000 after acquiring an additional 1,701 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Owens Corning during the 2nd quarter worth about $2,114,000. Widmann Financial Services Inc. bought a new stake in shares of Owens Corning in the 2nd quarter valued at about $263,000. Finally, HB Wealth Management LLC raised its holdings in shares of Owens Corning by 68.7% in the 2nd quarter. HB Wealth Management LLC now owns 8,561 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 3,486 shares during the period. 88.40% of the stock is owned by institutional investors.
Owens Corning Stock Down 1.5% Owens Corning stock opened at $124.68 on Friday. The company’s 50-day moving average price is $142.29 and its two-hundred day moving average price is $127.85. The company has a quick ratio of 0.67, a current ratio of 1.16 and a debt-to-equity ratio of 1.10. The stock has a market cap of $9.86 billion, a P/E ratio of -15.47, a P/E/G ratio of 1.90 and a beta of 1.32. Owens Corning Inc has a twelve month low of $97.53 and a twelve month high of $159.91.
Owens Corning (NYSE:OC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.84. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.21 earnings per share. As a group, analysts expect that Owens Corning Inc will post 9.94 EPS for the current year. Owens Corning Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, October 19th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, October 19th. Owens Corning’s payout ratio is presently -39.21%.
Analysts Set New Price Targets OC has been the subject of a number of research analyst reports. Evercore reiterated an “outperform” rating and set a $193.00 price target on shares of Owens Corning in a report on Thursday, July 23rd. Citigroup upped their price objective on Owens Corning from $149.00 to $177.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Owens Corning from $136.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Weiss Ratings raised Owens Corning from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, Barclays raised their price target on Owens Corning from $170.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.15.
Get Our Latest Analysis on Owens Corning
Key Stories Impacting Owens Corning Here are the key news stories impacting Owens Corning this week:
Positive Sentiment: Quarterly dividend maintained: Owens Corning declared a quarterly cash dividend of $0.79 per share, payable November 5 to shareholders of record on October 19. The dividend represents an indicated yield of approximately 2.5% and signals continued shareholder returns. Owens Corning Declares Third-Quarter 2026 Dividend Positive Sentiment: Analyst upgrade: Zacks Research upgraded OC from “hold” to “strong-buy,” adding a favorable near-term catalyst and reflecting confidence in the company’s earnings and operating prospects. Positive Sentiment: Growth opportunities remain: Analysts point to resilient Roofing demand, improving Insulation trends, cost reductions and strong cash flow. Infrastructure and data-center construction could also support demand for building products, partially offsetting housing weakness. Owens Corning Stock Rises 17% in Six Months Neutral Sentiment: Board addition: Michael DeVito, former Freddie Mac CEO, joined Owens Corning’s board and its Audit, Finance and Technology committees. His housing-market and financial-services experience could benefit governance, though the immediate earnings impact is likely limited. Owens Corning Elects Michael DeVito to Board of Directors Negative Sentiment: Housing-market concerns: A moribund housing market and elevated construction costs could continue to pressure demand, particularly in residential-oriented businesses. Investors are also watching whether management can execute its cost-cutting and demand-recovery plans. Owens Corning: Navigating Through the Moribund Housing Market Insider Activity at Owens Corning In other Owens Corning news, insider Rachel Barthelemy Marcon sold 900 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $144.07, for a total transaction of $129,663.00. Following the transaction, the insider owned 21,449 shares in the company, valued at $3,090,157.43. This represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.92% of the company’s stock.
Owens Corning Profile (Free Report)
Owens Corning (NYSE:OC) is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its portfolio includes insulation, roofing materials and glass-fiber composites designed to improve energy efficiency, durability and structural performance.
The company’s insulation products include fiberglass, mineral wool and foam insulation, as well as related air-sealing and weatherization products. Its roofing business provides asphalt shingles, roofing components and other solutions for residential and commercial applications.
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Bank of America Corp DE bought a new stake in Owens Corning Inc (NYSE:OC – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 840,997 shares of the construction company’s stock, valued at approximately $133,685,000. Bank of America Corp DE owned approximately 1.06% of Owens Corning at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of OC. BlackRock Inc. purchased a new position in Owens Corning in the 2nd quarter valued at approximately $1,401,161,000. Dimensional Fund Advisors LP increased its position in shares of Owens Corning by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,764,616 shares of the construction company’s stock worth $299,167,000 after acquiring an additional 188,211 shares during the period. First Trust Advisors LP increased its position in shares of Owens Corning by 22.7% during the first quarter. First Trust Advisors LP now owns 2,179,214 shares of the construction company’s stock worth $235,835,000 after acquiring an additional 403,803 shares during the period. LSV Asset Management raised its stake in shares of Owens Corning by 1.0% in the fourth quarter. LSV Asset Management now owns 1,463,671 shares of the construction company’s stock valued at $163,799,000 after acquiring an additional 14,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Owens Corning by 460.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,313,019 shares of the construction company’s stock valued at $146,940,000 after acquiring an additional 1,078,877 shares in the last quarter. 88.40% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Owens Corning In other Owens Corning news, insider Rachel Barthelemy Marcon sold 900 shares of Owens Corning stock in a transaction on Friday, August 28th. The shares were sold at an average price of $144.07, for a total value of $129,663.00. Following the transaction, the insider directly owned 21,449 shares in the company, valued at approximately $3,090,157.43. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company’s stock.
Analyst Upgrades and Downgrades Several research analysts recently commented on OC shares. Barclays boosted their target price on Owens Corning from $170.00 to $177.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Truist Financial set a $198.00 price target on shares of Owens Corning in a research note on Thursday, August 6th. Citigroup boosted their price target on shares of Owens Corning from $149.00 to $177.00 and gave the stock a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group boosted their target price on shares of Owens Corning from $141.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Finally, Evercore reissued an “outperform” rating and issued a $193.00 target price on shares of Owens Corning in a report on Thursday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Owens Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15. View Our Latest Report on Owens Corning
Trending Headlines about Owens Corning Here are the key news stories impacting Owens Corning this week:
Positive Sentiment: Quarterly dividend maintained: Owens Corning declared a quarterly cash dividend of $0.79 per share, payable November 5 to shareholders of record on October 19. The dividend represents an indicated yield of approximately 2.5% and signals continued shareholder returns. Owens Corning Declares Third-Quarter 2026 Dividend Positive Sentiment: Analyst upgrade: Zacks Research upgraded OC from “hold” to “strong-buy,” adding a favorable near-term catalyst and reflecting confidence in the company’s earnings and operating prospects. Positive Sentiment: Growth opportunities remain: Analysts point to resilient Roofing demand, improving Insulation trends, cost reductions and strong cash flow. Infrastructure and data-center construction could also support demand for building products, partially offsetting housing weakness. Owens Corning Stock Rises 17% in Six Months Neutral Sentiment: Board addition: Michael DeVito, former Freddie Mac CEO, joined Owens Corning’s board and its Audit, Finance and Technology committees. His housing-market and financial-services experience could benefit governance, though the immediate earnings impact is likely limited. Owens Corning Elects Michael DeVito to Board of Directors Negative Sentiment: Housing-market concerns: A moribund housing market and elevated construction costs could continue to pressure demand, particularly in residential-oriented businesses. Investors are also watching whether management can execute its cost-cutting and demand-recovery plans. Owens Corning: Navigating Through the Moribund Housing Market Owens Corning Price Performance Shares of OC opened at $124.68 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.16 and a quick ratio of 0.67. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.91. The stock has a market cap of $9.86 billion, a PE ratio of -15.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32. The firm has a fifty day moving average price of $142.29 and a 200 day moving average price of $127.85.
Owens Corning (NYSE:OC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.84. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the company posted $4.21 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Owens Corning Inc will post 9.94 EPS for the current year.
Owens Corning Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, October 19th will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, October 19th. This represents a $3.16 dividend on an annualized basis and a yield of 2.5%. Owens Corning’s dividend payout ratio is currently -39.21%.
About Owens Corning (Free Report)
Owens Corning (NYSE:OC) is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its portfolio includes insulation, roofing materials and glass-fiber composites designed to improve energy efficiency, durability and structural performance.
The company’s insulation products include fiberglass, mineral wool and foam insulation, as well as related air-sealing and weatherization products. Its roofing business provides asphalt shingles, roofing components and other solutions for residential and commercial applications.
Recommended Stories Five stocks we like better than Owens Corning Aeluma’s Selloff Could Be Setting Up Its Next Big Move Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip? The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
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TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.79 per common share. The dividend will be payable on November 5, 2026, to shareholders of record as of October 19, 2026.Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects, and other factors.About Owens CorningOwens Cor.
The Zacks Building Products - Miscellaneous industry continues to benefit from sustained investment in infrastructure, power, grid modernization, data centers and advanced manufacturing, supporting healthy project pipelines. Resilient repair and remodeling activity, along with growing demand for premium, energy-efficient and innovative building products, is also helping companies maintain pricing power and support growth. Against this backdrop, United Rentals Inc. (URI - Free Report) , Owens Corning (OC - Free Report) , Everus Construction Group, Inc. (ECG - Free Report) , Frontdoor, Inc. (FTDR - Free Report) and Argan, Inc. (AGX - Free Report) are positioned to capitalize on these favorable trends.
However, the industry continues to face elevated input costs, tariff-related uncertainty and an unpredictable macroeconomic environment, which are pressuring margins, complicating sourcing decisions and weighing on customer spending. High interest rates and persistent housing affordability challenges are also restraining new residential construction, keeping demand uneven across several building-product categories.
Industry Description The Zacks Building Products - Miscellaneous industry primarily comprises manufacturers, designers and distributors of home improvement and building products like ceiling systems, doors, windows, flooring and metal products. Some industry players provide solutions to rehabilitate the aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. The companies also manufacture expansion joints and structural bearings, ventilation products, ground-mounted solar racking and commercial greenhouses, as well as mail storage (solutions including mailboxes along with package delivery products). Companies in this industrial cohort also rent out equipment to a diverse customer base, including construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.
4 Trends Shaping the Future of the Building Products Industry Infrastructure, Power and Data Center Investments Support Demand: Large-scale investments in power generation, grid modernization, transportation infrastructure and AI-driven data centers remain the strongest demand drivers for the industry in 2026. Utilities continue expanding generation capacity while transmission, distribution and electrification projects are accelerating. At the same time, hyperscale data centers, semiconductor facilities and advanced manufacturing projects require specialized building materials, engineered products and construction solutions. Public infrastructure spending, reshoring initiatives and long-duration industrial projects are also supporting healthy order pipelines and backlogs, providing companies with improved revenue visibility despite weakness in some traditional construction markets.
Repair & Remodeling and Product Innovation Remain Resilient: Although new residential construction remains uneven, repair and remodeling activity continues to provide a stable source of demand. Aging housing stock, ongoing maintenance requirements and consumers' focus on improving existing homes continue to support spending on roofing, insulation, plumbing fixtures, coatings, fastening systems and other building products. Manufacturers are also benefiting from premium product offerings, energy-efficient solutions, sustainable materials and digital design tools that help expand market share and improve pricing. Long-term industry prospects are also supported by greater emphasis on energy efficiency, building performance and higher-value products. Stricter efficiency requirements and customer demand for better thermal, acoustic and functional performance are encouraging the use of advanced insulation, specialty ceilings and other differentiated building products. Innovation in commercial interiors, architectural products and building efficiency solutions is creating additional growth opportunities, while restructuring and productivity initiatives are supporting profitability.
Cost Inflation, Tariffs and Macroeconomic Uncertainty Persist: The industry continues to face a challenging cost environment in 2026. Manufacturers are dealing with persistent inflation in raw materials, transportation, labor and procurement, while higher wages and ongoing investments in manufacturing capacity continue to pressure operating expenses. At the same time, evolving U.S. tariff policies and uncertainty surrounding imported construction materials have complicated sourcing strategies and increased the risk of additional input-cost inflation. Companies are responding through selective price increases, supply-chain diversification, productivity initiatives and restructuring programs, but the ability to fully pass higher costs on to customers varies across end markets.
Macroeconomic uncertainty adds another layer of risk. Elevated interest rates, cautious commercial investment and affordability challenges in residential construction have caused customers to delay purchasing decisions and adjust project timelines. Many contractors and distributors are also managing inventory conservatively, reducing order visibility for manufacturers. While infrastructure, power and data center investments remain supportive, uncertainty over trade policy, inflation and the pace of economic growth continues to weigh on business confidence, making demand forecasting and capital allocation more difficult across the industry.
Residential Construction Remains Under Pressure: The biggest challenge for the industry in 2026 continues to be the sluggish residential construction environment. Elevated mortgage rates, affordability constraints, higher home prices and cautious consumer spending have kept both new housing demand and discretionary renovation activity below historical levels. Builders remain selective with new project launches, while customers continue delaying large purchases until financing conditions improve. Although repair and remodeling demand has been relatively resilient, weaker housing starts continue to pressure volumes across several residential-focused product categories, limiting broader industry growth.
Zacks Industry Rank Indicates Bright Prospects The Zacks Building Products – Miscellaneous industry is a 35-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #103, which places it in the top 42% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a higher earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since June 2026, the industry’s earnings estimates for 2026 and 2027 have increased to $4.22 per share from $4.14 and $4.79 per share from $4.77, respectively.
Before highlighting a few stocks that investors may consider for their portfolios, let’s take a look at the industry’s recent market performance and valuation trends.
Industry Lags S&P 500 & Sector The Zacks Building Products – Miscellaneous industry has underperformed the Zacks S&P 500 Composite and the broader Zacks Construction sector over the past year.
Over this period, the industry has lost 11.8%, below the broader sector’s 6.2% decrease. Meanwhile, the Zacks S&P 500 Composite has gained 15.3% over the same period.
One-Year Price Performance
Industry's Current Valuation On the basis of the forward 12-month price-to-earnings, which is a commonly used multiple for valuing building products’ stocks, the industry is trading at 15.85X versus the S&P 500’s 19.65X and the sector’s 17.93X.
Over the past five years, the industry has traded as high as 19.35X, as low as 10.58X and at a median of 15.85X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
Industry’s P/E Ratio (Forward 12-Month) Versus Sector
5 Building Product Stocks to Buy Now We have selected five stocks from the Zacks universe of building products that have solid growth prospects.
Argan: Based in Arlington, VA, Argan provides EPC and related services for power and renewable energy projects, along with industrial construction and telecom infrastructure services. The company has been benefiting from rising demand for power infrastructure tied to electrification, data-center expansion, domestic manufacturing and grid reliability needs. The company is well positioned in complex natural gas-fired power projects, where limited competition and its execution track record support new opportunities. Expansion of fabrication capacity should strengthen exposure to data-center and industrial projects, while continued hiring and training can increase project execution capacity. Argan is also pursuing complementary acquisitions, with ValCor expected to broaden Teledata capabilities, expand geographic reach and create cross-selling opportunities.
Argan, a Zacks Rank #1 (Strong Buy) stock, has gained 51.7% over the past year. AGX has seen an upward estimate revision for fiscal 2027 earnings to $13.56 per share from $12.60 over the past 30 days, depicting analysts’ optimism for the company’s prospects. The estimated figure indicates 39.2% year-over-year growth for fiscal 2027 on 46.4% growth in revenues. The company’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average being 44.2%. It currently holds a VGM Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: AGX
Everus: Based in Bismarck, ND, Everus delivers contracting services across the United States. Everus is benefiting from strong demand across commercial, industrial, data center, semiconductor, utility and other end markets, supported by a diversified customer and geographic base. Long-standing customer relationships, a strong execution track record and a skilled workforce are helping the company capture repeat business and new project opportunities. Growth is also supported by expanding modular and prefabrication capabilities, which improve project efficiency and strengthen customer relationships. Geographic expansion, cross-selling opportunities and disciplined acquisitions such as SE&M and Epsilon further broaden Everus’ capabilities, customer reach and exposure to attractive end markets.
Everus, a Zacks Rank #1 stock, has gained 35.9% over the past year. ECG’s earnings estimates have increased for 2026 to $5.25 per share from $4.39 over the past 60 days. The estimated figure indicates 32.9% year-over-year growth for 2026 on 23.4% growth in revenues. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 57%. It also carries a VGM Score of B.
Price and Consensus: ECG
Owens Corning: The company provides residential and commercial building products globally and is headquartered in Toledo, OH. Owens Corning has been benefiting from its strong branded building-products portfolio, expanding contractor and distributor relationships and an integrated go-to-market strategy across Roofing, Insulation and Doors. Demand for premium roofing systems, repair and replacement activity, energy-efficient construction and high-performance insulation products provides additional support. The company is also benefiting from nonresidential opportunities such as data centers and reindustrialization, improving European construction markets and broader Doors distribution. Investments in manufacturing capacity, innovation, productivity, AI-enabled customer engagement and network optimization should further strengthen long-term growth.
Owens Corning, a Zacks Rank #1 stock, has lost 14.2% over the past year. Nonetheless, OC has seen an upward estimate revision for 2026 earnings to $9.94 from $9.48 per share over the past 60 days. The company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, with an average surprise being 8.2%.
Price and Consensus: OC
Frontdoor: Headquartered in Memphis, TN, this company provides home warranties and new home builder warranties across the United States. Frontdoor has been gaining from stronger direct-to-consumer acquisition, improved marketing efficiency and higher conversion through AI-enabled search, content and sales tools. Its multi-brand strategy and integration of 2-10 create additional cross-selling and customer-growth opportunities. Greater local engagement with real estate agents is helping expand warranty attachment, while an improved member experience, technology-enabled service, autopay and targeted retention programs support renewals. Beyond home warranties, Frontdoor is expanding share of wallet through HVAC upgrades, with opportunities to extend the model into additional trades such as appliances over time.
Frontdoor, a Zacks Rank #2 (Buy) stock, has gained 20.1% over the past year. FTDR has seen an upward estimate revision for 2026 earnings to $4.67 from $4.48 per share over the past 60 days. The estimated figure indicates 14.2% year-over-year growth for 2026 on 5.1% revenue growth. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, with an average surprise being 33.5%. It currently holds a VGM Score of B.
Price and Consensus: FTDR
United Rentals: Headquartered in Stamford, CT, this company is the largest equipment rental company in the world. United Rentals is benefiting from a deepening pipeline of large, complex projects across data centers, power, infrastructure, LNG, airports, pharmaceuticals and semiconductor facilities. Its broad specialty portfolio and one-stop-shop model are strengthening customer relationships and allowing the company to capture more spending across projects. Diversified end-market exposure, strong fleet availability and disciplined capital deployment further support growth. Technology investments, including AI-enabled tools, should enhance pricing, productivity and operating efficiency. Additional upside could come from a recovery in local markets, continued specialty expansion and strategic acquisitions that broaden the company’s product and geographic reach.
United Rentals, a Zacks Rank #2 stock, has gained 6.7% over the past year. URI has seen an upward estimate revision for 2026 earnings to $48.70 from $46.70 per share over the past 60 days. The estimated figure indicates 15.8% year-over-year growth for 2026 on 9.7% revenue growth. The company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed on the other two, with an average of 1%. It currently holds a VGM Score of B.
Key Takeaways Owens Corning shares rose 17% in six months, backed by Roofing resilience and improving Insulation demand.OC's Roofing posted $1.31B in Q2 sales and a 34% EBITDA margin, with over 80% of demand from replacements.OC lifted cost synergies to $135M and ended Q2 with $1.8B in liquidity, supporting growth investments. Shares of Owens Corning (OC - Free Report) have risen 17.4% over the past six months, reflecting investor confidence in the building products maker despite a challenging residential construction backdrop. The company’s reshaped portfolio, resilient Roofing business, improving Insulation demand and ongoing cost initiatives provide multiple avenues for longer-term growth. The stock has outperformed the Zacks Building Products - Miscellaneous industry’s 1.5% drop, the broader Zacks Construction sector’s 3.8% fall and the S&P 500 Index’s 14.2% gain over the same period.
Owens Corning has positioned itself as a more focused building products company following the divestiture of its glass reinforcements business. Its portfolio now centers on Roofing, Insulation and Doors, supported by an integrated go-to-market strategy, strong brand recognition and market-leading positions. Management believes this structure provides multiple paths to revenue, earnings and cash-flow growth.
OC’s Six-Month Price Performance
Image Source: Zacks Investment Research
Over the past six months, OC has also outperformed Armstrong World Industries, Inc. (AWI - Free Report) and Builders FirstSource, Inc. (BLDR - Free Report) , which declined 7.1% and 31.1%, respectively, as well as Boise Cascade Company (BCC - Free Report) , which gained 4.9%.
Owens Corning’s Roofing and Insulation Strength Supports GrowthOwens Corning’s Roofing and Insulation businesses provide a solid foundation for longer-term growth. Roofing generated $1.31 billion in second-quarter 2026 sales and $441 million in EBITDA, with a robust 34% EBITDA margin. More than 80% of roofing demand comes from repair and replacement activity, providing resilience across housing cycles. The company is also benefiting from demand for higher-value roofing systems, including components and premium Duration laminate shingles, while continuing to expand its contractor network.
Owens Corning is reinforcing this position through capacity investments. Its new Alabama roofing plant is expected to add capacity by mid-2028, while the recently commissioned self-adhered underlayment line in Houston should improve its cost position and expand participation across asphalt, metal and tile roofing applications.
Insulation provides another growth avenue. Second-quarter sales increased 4% year over year to $971 million, while EBITDA reached $213 million, representing a 22% margin. Energy-efficiency trends remain supportive, with new homes requiring roughly 30% more insulation than a decade ago. Nonresidential demand also offers opportunities, particularly in data centers, where Owens Corning products support thermal, acoustic and HVAC requirements.
Cost Initiatives Could Strengthen Owens Corning’s Earnings PowerOperational improvements provide another potential catalyst. Owens Corning has achieved $135 million of run-rate enterprise cost synergies related to the Doors acquisition, exceeding its original $125 million commitment. The company has also identified another $75 million of structural cost improvements through network optimization and operating efficiencies.
Owens Corning has also structurally improved its broader earnings profile. Annual adjusted EBITDA margins have increased from an average of roughly 18% during 2015-2020 to the low-to-mid-20% range in recent years, with margins exceeding 20% for five consecutive years.
OC’s Cash Generation Supports Growth InvestmentsOwens Corning’s financial flexibility supports both investment and shareholder returns. Second-quarter free cash flow improved to $199 million from $129 million a year earlier, aided by disciplined working-capital management. The company ended the quarter with $1.8 billion of liquidity, comprising $271 million in cash and $1.5 billion of availability under its bank debt facilities.
Owens Corning plans approximately $800 million of capital additions in 2026, with investments focused on growth and productivity initiatives. It also remains committed to returning $1 billion to shareholders during the year through dividends and share repurchases.
Earnings Estimate Trend of OCOC’s earnings estimates for 2026 and 2027 have moved upward over the past 60 days to $9.94 and $12.13 per share, respectively. The revised estimates imply a year-over-year earnings decline of 17.5% in 2026, followed by growth of 22% in 2027, suggesting expectations for a meaningful earnings recovery next year.
Image Source: Zacks Investment Research
Meanwhile, earnings for Armstrong World Industries and Boise Cascade are projected to increase 13.2% and 4.6%, respectively, this year, while Builders FirstSource’s earnings are expected to decline 53.7%.
OC Stock Trades at a PremiumOC stock is currently trading at a discount to its industry peers, with a forward 12-month price-to-earnings ratio of 11.01, as the trend lines below suggest. The discounted valuation indicates that investors remain cautious despite Owens Corning’s strong market position, solid cash generation and long-term growth prospects. However, following the stock’s recent six-month rally, further upside will increasingly depend on sustained earnings growth, disciplined execution and continued improvement across its key end markets.
OC P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Can Owens Corning Stock Sustain Its Upside?Owens Corning’s six-month advance is supported by several longer-term fundamental drivers. Its repair-and-replacement-heavy Roofing business provides resilience, while nonresidential Insulation demand, energy-efficiency trends and investments in new manufacturing capacity offer avenues for growth. Cost reductions in Doors and the company’s integrated commercial strategy could further strengthen earnings power as end markets improve.
Still, sustaining the stock’s momentum will depend on Owens Corning navigating weak residential construction, inflation and near-term roofing inventory pressures. The combination of strategic capital investments, structural cost improvements, strong liquidity and exposure to attractive long-term building-product trends provides a foundation for continued business growth, while the pace of the stock's upside will depend on execution and the evolution of its end markets.
OC stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Owens Corning (OC - Free Report) ended the recent trading session at $126.62, demonstrating a -1.59% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
The construction materials company's shares have seen a decrease of 14.57% over the last month, not keeping up with the Construction sector's loss of 11.29% and the S&P 500's loss of 2.43%.
Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company's earnings per share (EPS) are projected to be $3.2, reflecting a 12.81% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $2.63 billion, showing a 2.14% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.94 per share and revenue of $9.97 billion, which would represent changes of -17.51% and -1.35%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Owens Corning. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Owens Corning is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Owens Corning is presently being traded at a Forward P/E ratio of 12.94. This expresses a discount compared to the average Forward P/E of 16.2 of its industry.
It's also important to note that OC currently trades at a PEG ratio of 1.93. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.42 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 100, placing it within the top 41% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a branded building products leader, today announced that Michael DeVito, former Chief Executive Officer of the Federal Home Loan Mortgage Corporation (Freddie Mac), has been elected to the company's Board of Directors. He has been appointed to serve on the Audit Committee and the Finance and Technology Committee."We are pleased to welcome Michael to our Board of Directors. He brings nearly four decades of leadership experience in housing,.
In the latest close session, Owens Corning (OC - Free Report) was down 2.24% at $128.95. The stock's performance was behind the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw a decrease of 0.56%.
The stock of construction materials company has fallen by 14.72% in the past month, lagging the Construction sector's loss of 8.85% and the S&P 500's loss of 0.82%.
The investment community will be paying close attention to the earnings performance of Owens Corning in its upcoming release. It is anticipated that the company will report an EPS of $3.2, marking a 12.81% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.63 billion, reflecting a 2.14% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.94 per share and a revenue of $9.96 billion, indicating changes of -17.51% and -1.46%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Owens Corning. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.49% higher. Owens Corning is currently a Zacks Rank #2 (Buy).
Investors should also note Owens Corning's current valuation metrics, including its Forward P/E ratio of 13.26. This indicates a discount in contrast to its industry's Forward P/E of 16.33.
Meanwhile, OC's PEG ratio is currently 1.97. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Miscellaneous was holding an average PEG ratio of 1.44 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OC in the coming trading sessions, be sure to utilize Zacks.com.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Owens Corning currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
The ABR suggests buying Owens Corning, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is OC a Good Investment?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has increased 0.5% over the past month to $9.94.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Owens Corning may serve as a useful guide for investors.
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Rachel Barthelemy Marcon, President, Doors at Owens Corning (OC +3.46%), sold 900 shares of common stock on Aug. 28, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$130,000Shares sold (directly held)900Post-transaction shares (directly held)21,449Post-transaction value$3 millionTransaction value based on SEC Form 4 weighted average sale price ($144.07); post-transaction value based on Aug. 28, 2026, market close ($143.13).
Key questionsHow did this transaction affect the insider's direct equity interest?
Marcon disposed of 900 shares, representing 4% of her prior direct holdings, leaving a remaining direct position of 21,449 shares.What was the market value of the remaining position at the time of the filing?
Based on the Aug. 28, 2026, market close price of $143.13, the insider's 21,449 directly held shares were valued at $3 million.How has Owens Corning performed leading up to this transaction?
As of the Aug. 28, 2026, transaction date, the company had delivered a 6% loss over the preceding 12-month period.What is the scope of the insider's reported ownership following this sale?
The current filing indicates that the remaining ownership is held entirely through direct common stock, with no indirect holdings or derivative securities currently reported.Company OverviewMetricValueShare Price (as of market close 2026-08-31)$138.15Market Capitalization$10.4 billionRevenue (TTM)$9.8 billionNet Income (TTM)-$429 millionCompany SnapshotOwens Corning manufactures and distributes residential and commercial building products across three primary segments: Roofing, Insulation, and Doors, generating revenue through laminate and strip asphalt roofing shingles, thermal and acoustical insulation products, and door systems for both domestic and international markets.The company operates a vertically integrated business model that captures value across the building materials supply chain, leveraging manufacturing capabilities and distribution networks to serve contractors, builders, and retailers in the construction and renovation sectors.Owens Corning serves residential and commercial construction customers in the United States, Europe, Asia Pacific, and other international markets, with primary end-market exposure to new residential construction, commercial building, and residential renovation activities.Owens Corning is a diversified building materials manufacturer with a market capitalization of $10.4 billion and TTM revenues of $9.8 billion, positioning it as a significant player in the construction materials sector. The company maintains a global operational footprint with 25,000 employees. It derives a competitive advantage from integrated product offerings spanning roofing, insulation, and doors, which enable cross-selling and customer stickiness. Despite current net income headwinds reflecting cyclicality in the construction market, the company's scale and product diversification across residential and commercial end-markets provide structural resilience to its business model.
What this transaction means for investorsOn Aug. 28, Marcon sold 900 shares in a transaction valued at $130,000. While that comes with a background of the stock price declining 16.5% over the past 12 months as of this writing, there's also a little more to this sale to consider. For starters, the stock price is rebounding thus far in 2026. Shares are up 17.5%, outperforming the S&P 500's 11.9% return over the same period. Second, although Marcon sold 900 shares, the insider still holds 21,449 shares. That shows continued alignment with Owens Corning's success. With all that context, this appears to be a routine sale, not something shareholders should be overly concerned about.
For what could be next for Owens Corning, analysts appear generally bullish. According to CNN, of the 20 analysts who cover the stock, 65% rate it a buy, while 35% rate it a hold. From that group, the median one-year price target is $177, representing a potential gain of 34.4% from $131.62, the price as of this writing. The highest price target, $198, indicates even more upside, while the lowest, $140, still implies 6.3% upside.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Owens Corning. The Motley Fool has a disclosure policy.
A downtrend has been apparent in Owens Corning (OC - Free Report) lately with too much selling pressure. The stock has declined 18.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why a Trend Reversal is Due for OCThe RSI reading of 29.74 for OC is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering OC in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.5% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, OC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Owens Corning (OC - Free Report) is a stock many investors are watching right now. OC is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 10.24, which compares to its industry's average of 16.32. Over the last 12 months, OC's Forward P/E has been as high as 13.40 and as low as 8.54, with a median of 10.70.
Another valuation metric that we should highlight is OC's P/B ratio of 2.38. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 5.87. Over the past year, OC's P/B has been as high as 3.23 and as low as 2.19, with a median of 2.51.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OC has a P/S ratio of 1.02. This compares to its industry's average P/S of 1.29.
Finally, investors should note that OC has a P/CF ratio of 11.93. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.24. OC's P/CF has been as high as 13.25 and as low as 8.85, with a median of 11.70, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Owens Corning is likely undervalued currently. And when considering the strength of its earnings outlook, OC sticks out as one of the market's strongest value stocks.
Hsbc Holdings PLC trimmed its holdings in Owens Corning Inc (NYSE:OC – Free Report) by 27.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,870 shares of the construction company’s stock after selling 7,858 shares during the period. Hsbc Holdings PLC’s holdings in Owens Corning were worth $3,315,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in OC. Lombard Odier Asset Management Europe Ltd acquired a new stake in Owens Corning during the 2nd quarter valued at $22,881,000. Kingsview Wealth Management LLC acquired a new position in shares of Owens Corning in the second quarter valued at $308,000. Kimelman & Baird LLC bought a new position in shares of Owens Corning in the second quarter valued at about $31,144,000. Empowered Funds LLC bought a new position in shares of Owens Corning in the second quarter valued at about $3,582,000. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Owens Corning during the 2nd quarter worth about $446,000. 88.40% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Owens Corning from $148.00 to $172.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. The Goldman Sachs Group raised their price objective on shares of Owens Corning from $141.00 to $159.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Truist Financial set a $198.00 target price on Owens Corning in a research report on Thursday, August 6th. Evercore reiterated an “outperform” rating and set a $193.00 target price on shares of Owens Corning in a research note on Thursday, July 23rd. Finally, Benchmark reissued a “hold” rating on shares of Owens Corning in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Owens Corning currently has an average rating of “Moderate Buy” and a consensus target price of $165.31.
View Our Latest Stock Report on OC Owens Corning Trading Down 1.0% Shares of OC stock opened at $127.41 on Friday. The stock has a market cap of $10.07 billion, a P/E ratio of -15.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. Owens Corning Inc has a 1 year low of $97.53 and a 1 year high of $159.91. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The stock has a 50 day simple moving average of $143.84 and a 200 day simple moving average of $127.73.
Owens Corning (NYSE:OC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.84. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.21 EPS. On average, research analysts predict that Owens Corning Inc will post 9.94 earnings per share for the current fiscal year.
Owens Corning Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 20th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, July 20th. Owens Corning’s dividend payout ratio (DPR) is -39.21%.
Insider Buying and Selling In other Owens Corning news, insider Rachel Barthelemy Marcon sold 900 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $144.07, for a total transaction of $129,663.00. Following the completion of the sale, the insider directly owned 21,449 shares in the company, valued at $3,090,157.43. This represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by corporate insiders.
About Owens Corning (Free Report)
Owens Corning (NYSE:OC) is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its portfolio includes insulation, roofing materials and glass-fiber composites designed to improve energy efficiency, durability and structural performance.
The company’s insulation products include fiberglass, mineral wool and foam insulation, as well as related air-sealing and weatherization products. Its roofing business provides asphalt shingles, roofing components and other solutions for residential and commercial applications.
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Owens Corning (OC - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this construction materials company have returned -18.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Building Products - Miscellaneous industry, to which Owens Corning belongs, has lost 8.1% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Owens Corning is expected to post earnings of $3.20 per share, indicating a change of -12.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.6% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $9.94 points to a change of -17.5% from the prior year. Over the last 30 days, this estimate has changed +3%.
For the next fiscal year, the consensus earnings estimate of $12.13 indicates a change of +22% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has changed +1.9%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Owens Corning.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Owens Corning, the consensus sales estimate of $2.63 billion for the current quarter points to a year-over-year change of -2.1%. The $9.96 billion and $10.36 billion estimates for the current and next fiscal years indicate changes of -1.5% and +4.1%, respectively.
Last Reported Results and Surprise HistoryOwens Corning reported revenues of $2.76 billion in the last reported quarter, representing a year-over-year change of +0.3%. EPS of $3.93 for the same period compares with $4.21 a year ago.
Compared to the Zacks Consensus Estimate of $2.67 billion, the reported revenues represent a surprise of +3.16%. The EPS surprise was +28.43%.
Over the last four quarters, Owens Corning surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
A month has gone by since the last earnings report for Owens Corning (OC - Free Report) . Shares have lost about 10.6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Owens Corning due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Owens Corning Inc before we dive into how investors and analysts have reacted as of late.
OC Q2 Earnings Beat Estimates on Strong Commercial ExecutionOwens Corning posted adjusted earnings of $3.93 per share for the second quarter of 2026, down 6.7% year over year but ahead of the Zacks Consensus Estimate of $3.06 by 28.4%. Net sales rose 0.3% to $2.76 billion and beat the $2.67 billion consensus mark by 3.2%.
Results reflected strong commercial execution across Roofing and Insulation, partly offset by inflation and weaker Doors volumes. Roofing sales increased 0.8% year over year, while the business delivered a 34% EBITDA margin.
OC's Profitability Reflects Resilient ExecutionAdjusted EBITDA was $660 million, down 6.1% from $703 million a year ago. The adjusted EBITDA margin contracted to 24% from 26% as inflation weighed on profitability.
Second-quarter EBITDA included $25 million of tariff refunds, about half of which benefited Doors. These refunds partly offset $30 million of net cost inflation tied to the Iran conflict. The company recorded only $3 million of adjusting items during the quarter.
Segmental DiscussionRoofing revenues were $1.31 billion, up 0.8% from $1.30 billion a year earlier. Growth was supported by favorable product mix and solid demand for higher-value products. Shingle and components volumes were slightly ahead of the broader market, while elevated industry restocking supported market shipments.
Roofing EBITDA fell 3.5% to $441 million. Higher inflation, including transportation costs, created negative price-cost pressure amid relatively flat pricing. Management noted solid realization from price increases announced during the quarter.
Insulation revenues increased 4.0% year over year to $971 million, driven mainly by higher volumes and a modest currency benefit. North American residential revenues edged higher, while nonresidential revenues benefited from higher volumes and pockets of strong end-market growth. European operations also posted growth as core markets improved and commercial execution remained strong.
Segment EBITDA declined 5.3% to $213 million because of slightly lower pricing and continued inflation, while the EBITDA margin was 22%.
Doors revenues declined 7.4% to $513 million, mainly because of strategic business exits. The divested distribution business and Oregon components facility reduced second-quarter revenues by a combined $30 million.
Doors EBITDA fell 24.0% to $57 million due to lower volumes and higher transportation costs. The segment's 11% EBITDA margin nevertheless exceeded management's prior guidance, helped by tariff refunds. Owens Corning has achieved $135 million of enterprise run-rate synergies in Doors, above its original $125 million target.
OC Generates Higher Quarterly Free Cash FlowFree cash flow increased 54.3% year over year to $199 million, aided by disciplined working capital management. Capital additions from continuing operations were $194 million, up $18 million from the prior-year quarter, while return on capital for the 12 months ended June 30 was 10%.
Owens Corning ended the quarter with $1.8 billion of liquidity, including $271 million in cash and $1.5 billion available under bank debt facilities. The company returned $264 million to shareholders through $200 million of share repurchases and $64 million of dividends.
Owens Corning Sees Softer Q3 Roofing DemandFor the third quarter of 2026, Owens Corning expects revenues of $2.6 billion to $2.7 billion and an adjusted EBITDA margin of 20% to 22%. The outlook includes about $40 million of incremental inflation costs tied to the Iran conflict.
Roofing revenues are expected to decline by mid- to high-single digits year over year, with an EBITDA margin near 30%, as heavier second-quarter stocking weighs on distributor purchases. Insulation revenues are projected to grow by mid-single digits with a 22% EBITDA margin, while Doors revenues are expected to fall by mid-single digits with a margin of about 10%.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
VGM ScoresAt this time, Owens Corning has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Owens Corning has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerOwens Corning belongs to the Zacks Building Products - Miscellaneous industry. Another stock from the same industry, Jacobs Solutions (J - Free Report) , has gained 2.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Jacobs Solutions reported revenues of $4.08 billion in the last reported quarter, representing a year-over-year change of +34.5%. EPS of $1.84 for the same period compares with $1.62 a year ago.
Jacobs Solutions is expected to post earnings of $2.17 per share for the current quarter, representing a year-over-year change of +24%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.9%.
Jacobs Solutions has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
Bank of New York Mellon Corp bought a new position in Owens Corning Inc (NYSE:OC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 577,688 shares of the construction company’s stock, valued at approximately $91,829,000. Bank of New York Mellon Corp owned about 0.72% of Owens Corning as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. HM Payson & Co. lifted its holdings in Owens Corning by 203.6% in the second quarter. HM Payson & Co. now owns 167 shares of the construction company’s stock valued at $27,000 after buying an additional 112 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Owens Corning in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in Owens Corning during the first quarter worth about $30,000. Harbour Investments Inc. raised its position in shares of Owens Corning by 66.5% during the fourth quarter. Harbour Investments Inc. now owns 323 shares of the construction company’s stock worth $36,000 after purchasing an additional 129 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in Owens Corning in the third quarter valued at approximately $42,000. 88.40% of the stock is owned by institutional investors.
Owens Corning Price Performance Shares of NYSE OC opened at $147.13 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The firm’s 50-day moving average price is $143.74 and its 200-day moving average price is $127.48. The firm has a market capitalization of $11.63 billion, a P/E ratio of -18.25, a P/E/G ratio of 2.23 and a beta of 1.32. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.91.
Owens Corning (NYSE:OC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.84. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.21 EPS. Equities research analysts anticipate that Owens Corning Inc will post 9.9 earnings per share for the current fiscal year. Owens Corning Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 20th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $3.16 dividend on an annualized basis and a yield of 2.1%. Owens Corning’s payout ratio is presently -39.21%.
Analyst Ratings Changes Several research firms have recently commented on OC. Royal Bank Of Canada increased their price objective on Owens Corning from $148.00 to $172.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Evercore restated an “outperform” rating and issued a $193.00 price target on shares of Owens Corning in a research note on Thursday, July 23rd. Barclays upped their price objective on shares of Owens Corning from $170.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. The Goldman Sachs Group increased their price target on shares of Owens Corning from $141.00 to $159.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Owens Corning from $136.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.
Check Out Our Latest Stock Report on OC
Insider Activity In other Owens Corning news, insider Rachel Barthelemy Marcon sold 700 shares of Owens Corning stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $120.71, for a total transaction of $84,497.00. Following the completion of the transaction, the insider owned 15,848 shares of the company’s stock, valued at $1,913,012.08. The trade was a 4.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by corporate insiders.
About Owens Corning (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Owens Corning (OC - Free Report) . OC is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.24 right now. For comparison, its industry sports an average P/E of 17.54. OC's Forward P/E has been as high as 13.40 and as low as 8.54, with a median of 10.70, all within the past year.
Another valuation metric that we should highlight is OC's P/B ratio of 2.38. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 6.24. Over the past 12 months, OC's P/B has been as high as 3.23 and as low as 2.19, with a median of 2.51.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OC has a P/S ratio of 1.18. This compares to its industry's average P/S of 1.44.
Finally, we should also recognize that OC has a P/CF ratio of 11.93. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 15.14. Over the past 52 weeks, OC's P/CF has been as high as 13.25 and as low as 8.85, with a median of 11.70.
These are just a handful of the figures considered in Owens Corning's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that OC is an impressive value stock right now.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Owens Corning (OC - Free Report) .
Owens Corning currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
The ABR suggests buying Owens Corning, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in OC?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has increased 3.7% over the past month to $9.9.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Owens Corning may serve as a useful guide for investors.
Advisors Capital Management LLC purchased a new stake in Owens Corning Inc (NYSE:OC – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 53,306 shares of the construction company’s stock, valued at approximately $8,474,000. Advisors Capital Management LLC owned about 0.07% of Owens Corning as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HM Payson & Co. raised its position in Owens Corning by 203.6% during the 2nd quarter. HM Payson & Co. now owns 167 shares of the construction company’s stock worth $27,000 after purchasing an additional 112 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Owens Corning during the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Owens Corning during the 1st quarter worth about $30,000. Harbour Investments Inc. grew its stake in Owens Corning by 66.5% in the fourth quarter. Harbour Investments Inc. now owns 323 shares of the construction company’s stock valued at $36,000 after acquiring an additional 129 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Owens Corning in the 4th quarter valued at $37,000. Institutional investors own 88.40% of the company’s stock.
Owens Corning Stock Performance Shares of OC opened at $147.19 on Friday. Owens Corning Inc has a 12 month low of $97.53 and a 12 month high of $159.91. The business’s fifty day simple moving average is $142.73 and its two-hundred day simple moving average is $127.15. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The company has a market cap of $11.64 billion, a price-to-earnings ratio of -18.26, a P/E/G ratio of 2.28 and a beta of 1.32.
Owens Corning (NYSE:OC – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.09 by $0.84. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.66 billion. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.21 EPS. Research analysts anticipate that Owens Corning Inc will post 9.9 earnings per share for the current fiscal year. Owens Corning Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 20th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $3.16 dividend on an annualized basis and a yield of 2.1%. Owens Corning’s dividend payout ratio is presently -39.21%.
Insider Activity In other news, insider Rachel Barthelemy Marcon sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $120.71, for a total value of $84,497.00. Following the completion of the sale, the insider directly owned 15,848 shares of the company’s stock, valued at $1,913,012.08. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.92% of the company’s stock.
Analysts Set New Price Targets A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Owens Corning from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Zacks Research raised shares of Owens Corning from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Evercore restated an “outperform” rating and set a $193.00 target price on shares of Owens Corning in a research report on Thursday, July 23rd. Barclays increased their price target on shares of Owens Corning from $170.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Owens Corning from $136.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.25.
Read Our Latest Stock Report on Owens Corning
Owens Corning Company Profile (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
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BlackRock Inc. acquired a new stake in Owens Corning Inc (NYSE:OC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,814,550 shares of the construction company’s stock, valued at approximately $1,401,161,000. BlackRock Inc. owned approximately 10.95% of Owens Corning as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System bought a new stake in Owens Corning in the first quarter valued at $2,576,000. BNP Paribas Financial Markets lifted its holdings in shares of Owens Corning by 178.2% during the fourth quarter. BNP Paribas Financial Markets now owns 186,652 shares of the construction company’s stock valued at $20,888,000 after acquiring an additional 119,566 shares during the period. Raiffeisen Bank International AG boosted its stake in shares of Owens Corning by 12.4% in the 4th quarter. Raiffeisen Bank International AG now owns 353,302 shares of the construction company’s stock valued at $39,976,000 after purchasing an additional 38,885 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Owens Corning by 10.8% in the 4th quarter. Systematic Financial Management LP now owns 244,437 shares of the construction company’s stock worth $27,355,000 after purchasing an additional 23,873 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Owens Corning by 1,243.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 39,134 shares of the construction company’s stock worth $4,379,000 after purchasing an additional 36,222 shares during the last quarter. 88.40% of the stock is owned by institutional investors.
Insider Transactions at Owens Corning
In other news, insider Rachel Barthelemy Marcon sold 700 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $120.71, for a total transaction of $84,497.00. Following the completion of the transaction, the insider directly owned 15,848 shares in the company, valued at approximately $1,913,012.08. The trade was a 4.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.92% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on OC. Benchmark reaffirmed a “hold” rating on shares of Owens Corning in a research note on Wednesday, July 15th. The Goldman Sachs Group lifted their target price on shares of Owens Corning from $141.00 to $159.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Wall Street Zen raised Owens Corning from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Evercore restated an “outperform” rating and set a $193.00 price target on shares of Owens Corning in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on Owens Corning from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.25.
Read Our Latest Report on Owens Corning
Owens Corning Stock Performance
Shares of NYSE:OC opened at $147.19 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.91. The stock has a market capitalization of $11.64 billion, a P/E ratio of -18.26, a P/E/G ratio of 2.28 and a beta of 1.32. The business has a 50-day moving average price of $142.73 and a two-hundred day moving average price of $127.15.
Owens Corning (NYSE:OC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.84. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted $4.21 earnings per share. Owens Corning’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts predict that Owens Corning Inc will post 9.9 earnings per share for the current year.
Owens Corning Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 20th were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $3.16 annualized dividend and a yield of 2.1%. Owens Corning’s dividend payout ratio is presently -39.21%.
Owens Corning Profile
(Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
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Avalon Trust Co purchased a new stake in shares of Owens Corning Inc (NYSE:OC – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,000 shares of the construction company’s stock, valued at approximately $636,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OC. Vanguard Group Inc. lifted its stake in shares of Owens Corning by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,765,729 shares of the construction company’s stock worth $1,092,883,000 after buying an additional 84,096 shares during the last quarter. State Street Corp grew its stake in Owens Corning by 2.3% in the 3rd quarter. State Street Corp now owns 3,634,987 shares of the construction company’s stock valued at $514,205,000 after buying an additional 81,133 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Owens Corning by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,764,616 shares of the construction company’s stock valued at $299,167,000 after buying an additional 188,211 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Owens Corning by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,594,229 shares of the construction company’s stock valued at $290,321,000 after acquiring an additional 231,871 shares during the period. Finally, First Trust Advisors LP raised its holdings in Owens Corning by 22.7% in the 1st quarter. First Trust Advisors LP now owns 2,179,214 shares of the construction company’s stock valued at $235,835,000 after acquiring an additional 403,803 shares during the period. 88.40% of the stock is owned by institutional investors.
Insider Activity at Owens Corning In other news, insider Rachel Barthelemy Marcon sold 700 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $120.71, for a total transaction of $84,497.00. Following the completion of the sale, the insider owned 15,848 shares of the company’s stock, valued at approximately $1,913,012.08. This represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company’s stock.
Analyst Ratings Changes A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Owens Corning from $170.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Bank of America lowered their target price on Owens Corning from $140.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. The Goldman Sachs Group lifted their price target on Owens Corning from $141.00 to $159.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Evercore restated an “outperform” rating and issued a $193.00 price target on shares of Owens Corning in a research note on Thursday, July 23rd. Finally, Citigroup upped their price objective on Owens Corning from $149.00 to $177.00 and gave the company a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.25.
Read Our Latest Stock Report on OC
Owens Corning Stock Performance NYSE:OC opened at $154.95 on Friday. The company has a market cap of $12.25 billion, a price-to-earnings ratio of -19.23, a PEG ratio of 2.33 and a beta of 1.32. Owens Corning Inc has a fifty-two week low of $97.53 and a fifty-two week high of $159.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 1.16. The stock has a fifty day moving average price of $140.25 and a 200-day moving average price of $126.27.
Owens Corning (NYSE:OC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.84. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business earned $4.21 earnings per share. Owens Corning’s revenue was up .3% on a year-over-year basis. As a group, equities analysts anticipate that Owens Corning Inc will post 9.9 EPS for the current fiscal year.
Owens Corning Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 20th were given a $0.79 dividend. The ex-dividend date was Monday, July 20th. This represents a $3.16 annualized dividend and a dividend yield of 2.0%. Owens Corning’s payout ratio is presently -39.21%.
Owens Corning Profile (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
See Also Five stocks we like better than Owens Corning Is Best Buy the AI Winner Hiding in the Electronics Aisle? Applied Materials Beat Everything but Wall Street’s Expectations for Margins Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Want to see what other hedge funds are holding OC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens Corning Inc (NYSE:OC – Free Report).
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Assenagon Asset Management S.A. raised its position in Owens Corning Inc (NYSE:OC – Free Report) by 777.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,577 shares of the construction company’s stock after purchasing an additional 35,066 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Owens Corning were worth $6,291,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of OC. Baron Wealth Management LLC bought a new stake in Owens Corning in the 2nd quarter valued at approximately $219,000. GAMMA Investing LLC raised its holdings in shares of Owens Corning by 33.5% in the second quarter. GAMMA Investing LLC now owns 2,747 shares of the construction company’s stock valued at $437,000 after purchasing an additional 689 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Owens Corning by 13.8% in the second quarter. Versant Capital Management Inc now owns 1,017 shares of the construction company’s stock worth $162,000 after purchasing an additional 123 shares in the last quarter. Eastern Bank acquired a new position in Owens Corning during the second quarter worth $70,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in Owens Corning by 3.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 3,317 shares of the construction company’s stock worth $359,000 after purchasing an additional 97 shares during the last quarter. 88.40% of the stock is owned by institutional investors and hedge funds.
Insider Activity In other news, insider Rachel Barthelemy Marcon sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $120.71, for a total value of $84,497.00. Following the completion of the sale, the insider directly owned 15,848 shares of the company’s stock, valued at $1,913,012.08. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by insiders.
Analyst Ratings Changes OC has been the topic of several recent research reports. Evercore reiterated an “outperform” rating and issued a $193.00 price target on shares of Owens Corning in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Owens Corning from $136.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Barclays lifted their target price on Owens Corning from $170.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Truist Financial set a $198.00 price target on Owens Corning in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Owens Corning from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.25.
Read Our Latest Analysis on Owens Corning
Owens Corning Stock Performance Shares of OC stock opened at $158.59 on Wednesday. The company has a fifty day moving average price of $138.13 and a two-hundred day moving average price of $125.63. Owens Corning Inc has a one year low of $97.53 and a one year high of $159.91. The stock has a market cap of $12.54 billion, a P/E ratio of -19.68, a P/E/G ratio of 2.68 and a beta of 1.32. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.16 and a quick ratio of 0.67.
Owens Corning (NYSE:OC – Get Free Report) last issued its earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.84. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the firm earned $4.21 EPS. Owens Corning’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts predict that Owens Corning Inc will post 9.65 EPS for the current year.
Owens Corning Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 20th were paid a $0.79 dividend. The ex-dividend date was Monday, July 20th. This represents a $3.16 annualized dividend and a yield of 2.0%. Owens Corning’s dividend payout ratio is currently -39.21%.
Owens Corning Company Profile (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
Further Reading Five stocks we like better than Owens Corning Atlassian Just Pulled Off the Software Comeback Wall Street Wanted AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings Apple’s Next iPhone Could Test How Much Pricing Power Is Left Want to see what other hedge funds are holding OC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens Corning Inc (NYSE:OC – Free Report).
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Owens Corning currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 19 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.
Of the 19 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.9% and 5.3% of all recommendations.
Brokerage Recommendation Trends for OC
Check price target & stock forecast for Owens Corning here>>>
While the ABR calls for buying Owens Corning, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is OC a Good Investment?In terms of earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has increased 1.3% over the past month to $9.65.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Owens Corning may serve as a useful guide for investors.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Owens Corning (OC - Free Report) is a stock many investors are watching right now. OC is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 10.24 right now. For comparison, its industry sports an average P/E of 18.57. Over the past year, OC's Forward P/E has been as high as 13.40 and as low as 8.54, with a median of 10.70.
Investors should also recognize that OC has a P/B ratio of 2.38. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 6.60. Over the past year, OC's P/B has been as high as 3.23 and as low as 2.19, with a median of 2.51.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OC has a P/S ratio of 1.26. This compares to its industry's average P/S of 1.64.
Finally, investors should note that OC has a P/CF ratio of 11.93. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.44. OC's P/CF has been as high as 13.25 and as low as 8.85, with a median of 11.70, all within the past year.
These are only a few of the key metrics included in Owens Corning's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OC looks like an impressive value stock at the moment.
3 High-Potential Stocks Analysts Say Could SoarOwens Corning NYSE: OC reported second-quarter 2026 revenue of $2.8 billion and adjusted EBITDA of $660 million, producing a 24% adjusted EBITDA margin as the building-products manufacturer cited commercial and operational initiatives that helped offset uneven construction and remodeling conditions.
Adjusted earnings per diluted share were $3.93. Revenue was relatively flat from the prior-year period, while free cash flow rose to $199 million from $129 million a year earlier. The company said it returned $264 million to shareholders during the quarter through $200 million of share repurchases and $64 million in dividends, bringing first-half capital returns to $327 million.
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MarketBeat Week in Review – 8/5 - 8/9“Our team delivered outstanding results in the second quarter, demonstrating the strength of the company we have built and our ability to execute at a high level in any market condition,” Chair and CEO Brian Chambers said.
Costs, capital spending and leadership changes Chief Financial and Operating Officer Todd Fister said second-quarter EBITDA included a $25 million benefit from tariff refunds, with about half of the refund affecting the doors business and the rest spread across the enterprise. The refunds partially offset $30 million in net cost inflation related to the Iran conflict, he said.
Owens-Corning Stock: Good Value or Recession Red Flag?Owens Corning expects the net cost impact related to Iran to be about $40 million in the third quarter as inflation moves through inventory, with roofing expected to be the most affected segment. Fister said the company has more than $20 million in potential additional tariff refunds pending, though the timing is uncertain and the potential refunds were not included in the company’s third-quarter outlook.
The company ended the quarter with $1.8 billion of liquidity, including $271 million in cash and $1.5 billion available under bank debt facilities. Its debt-to-EBITDA ratio was 2.4 times, near the middle of its targeted range of two to three times. Owens Corning said it intends to pay off $400 million of senior notes due in the third quarter using commercial paper.
For the full year, Owens Corning expects approximately $800 million of capital additions, with more than half allocated to productivity and growth programs. The company is building a new Fiberglas line in Kansas City that is expected to begin operating next year and initially serve commercial and industrial insulation applications. It is also constructing a roofing plant in Alabama, with capacity expected to be available by mid-2028.
Chambers said Jonathan Collins will join Owens Corning as chief financial officer on Aug. 10. Fister will transition to president and chief operating officer, leading enterprise initiatives intended to accelerate growth, improve performance and further integrate the company’s go-to-market strategy.
Roofing profitability remains strong despite inflation Roofing sales were about $1.3 billion, up slightly from a year earlier, supported by favorable product mix and demand for higher-value products. EBITDA declined $16 million to $441 million, while the segment’s EBITDA margin was 34%.
Fister said higher inflation, including transportation costs, created negative price-cost dynamics because pricing was relatively flat during the quarter. The company said it is seeing solid realization of price increases announced during the second quarter.
Owens Corning said its shingles and components volumes were slightly ahead of the broader market, aided by its contractor engagement model and demand for roofing systems and components. Those gains were partly offset by lower nonwovens volumes following the exit of a low-margin contract.
For the third quarter, the company expects roofing revenue to decline by a mid-to-high single-digit percentage from the prior year and an EBITDA margin of about 30%. Management expects asphalt roofing market shipments to decline by a high single-digit percentage, reflecting volume that was pulled into the second quarter ahead of price increases and heavier distributor inventory.
Chambers said distributor inventories are “a little heavier than normal,” though conditions vary by region. He said second-half roofing demand will be increasingly dependent on storm activity and regional trends. The company expects pricing gains to build through the third and fourth quarters, but said the timing of a return to price-cost neutrality depends on input, asphalt and transportation inflation.
Insulation growth led by non-residential and European markets Insulation revenue increased 4% to $971 million, driven primarily by higher volumes and a modest currency benefit. Segment EBITDA was $213 million, below the prior-year level due to slightly lower pricing and ongoing inflation, while the EBITDA margin was 22%.
The company cited strength in North American non-residential and European markets. North American residential revenue increased slightly as higher volumes offset the effects of earlier pricing actions. Fister said non-residential demand has benefited from pockets of strength including data centers, healthcare, interiors and U.S. reindustrialization activity.
In Europe, Owens Corning reported growth from commercial execution and improving core markets. Management said it believes Europe is positioned for stronger construction conditions over time after several years of below-average activity.
For the third quarter, the company expects insulation revenue to grow by a mid-single-digit percentage, with North American non-residential revenue up by a low-double-digit percentage. It expects the segment’s EBITDA margin to remain in line with the second quarter’s 22% level.
Owens Corning also plans to restart its smaller Nephi, Utah, insulation plant in the fourth quarter. Fister said the facility will help serve West Coast residential customers and support the company’s network during planned furnace rebuilds over the next two years. The Kansas City line is expected to provide additional network flexibility when it begins production.
Doors segment pursues margin expansion Doors revenue declined 7% to $513 million, primarily because of strategic divestitures. Owens Corning sold its distribution business in the first quarter, which had about $70 million in annual net revenue, and sold an Oregon components facility late last year that had about $50 million in annual sales. Together, those actions reduced second-quarter revenue by about $30 million.
Doors EBITDA was $57 million, down from the prior year because of lower volumes and higher transportation costs. The segment generated an 11% EBITDA margin, above the company’s guidance due to tariff refunds.
Management said it has achieved $135 million of run-rate enterprise cost synergies in doors, exceeding its original $125 million target by the end of the second year of ownership. Chambers also said Owens Corning has identified another $75 million of structural cost improvements across operations.
For the third quarter, Owens Corning expects doors revenue to decline by a mid-single-digit percentage, again largely reflecting divestitures, and anticipates an EBITDA margin of about 10%. The company expects cost optimization and expanded commercial activity to support longer-term margin improvement, although material and transportation inflation are expected to keep price-cost dynamics negative in the quarter.
At the enterprise level, Owens Corning expects third-quarter revenue of $2.6 billion to $2.7 billion, slightly below the prior-year period, and an adjusted EBITDA margin of approximately 20% to 22%.
About Owens Corning (NYSE:OC)Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company's core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in Owens Corning Right Now?Before you consider Owens Corning, you'll want to hear this.
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Cetera Investment Advisers increased its stake in shares of Owens Corning Inc (NYSE:OC – Free Report) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,589 shares of the construction company’s stock after acquiring an additional 5,788 shares during the quarter. Cetera Investment Advisers’ holdings in Owens Corning were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of OC. Geneos Wealth Management Inc. raised its position in shares of Owens Corning by 61.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 482 shares of the construction company’s stock worth $69,000 after purchasing an additional 184 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Owens Corning during the second quarter valued at $277,000. EverSource Wealth Advisors LLC boosted its position in shares of Owens Corning by 1,433.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,273 shares of the construction company’s stock valued at $175,000 after buying an additional 1,190 shares during the last quarter. Cerity Partners LLC increased its holdings in Owens Corning by 294.3% in the 2nd quarter. Cerity Partners LLC now owns 17,372 shares of the construction company’s stock worth $2,389,000 after buying an additional 12,966 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in Owens Corning by 12.2% in the second quarter. Bank of Nova Scotia now owns 3,059 shares of the construction company’s stock worth $421,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 88.40% of the company’s stock.
Insider Activity In other Owens Corning news, insider Rachel Barthelemy Marcon sold 700 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $120.71, for a total transaction of $84,497.00. Following the sale, the insider directly owned 15,848 shares in the company, valued at approximately $1,913,012.08. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.92% of the company’s stock.
Owens Corning Stock Up 4.4% Owens Corning stock opened at $157.22 on Friday. Owens Corning Inc has a fifty-two week low of $97.53 and a fifty-two week high of $159.91. The company has a market capitalization of $12.43 billion, a PE ratio of -19.51, a price-to-earnings-growth ratio of 2.89 and a beta of 1.32. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.74 and a current ratio of 1.16. The firm has a 50 day moving average price of $136.74 and a 200 day moving average price of $125.16.
Owens Corning (NYSE:OC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.84. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Owens Corning had a positive return on equity of 20.52% and a negative net margin of 6.81%.The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $4.21 EPS. Research analysts expect that Owens Corning Inc will post 9.65 earnings per share for the current year.
Owens Corning Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 20th were given a $0.79 dividend. The ex-dividend date was Monday, July 20th. This represents a $3.16 dividend on an annualized basis and a yield of 2.0%. Owens Corning’s dividend payout ratio (DPR) is presently -47.81%.
Analyst Ratings Changes Several equities analysts have weighed in on OC shares. JPMorgan Chase & Co. lifted their price target on shares of Owens Corning from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Friday, May 8th. The Goldman Sachs Group increased their price target on Owens Corning from $141.00 to $159.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Zacks Research raised shares of Owens Corning from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Evercore reaffirmed an “outperform” rating and issued a $193.00 price objective on shares of Owens Corning in a research note on Thursday, July 23rd. Finally, Citigroup lifted their price objective on shares of Owens Corning from $149.00 to $177.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.25.
Read Our Latest Stock Report on Owens Corning
About Owens Corning (Free Report)
Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.
The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.
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Owens Corning (OC - Free Report) came out with quarterly earnings of $3.93 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $4.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +28.43%. A quarter ago, it was expected that this construction materials company would post earnings of $1.01 per share when it actually produced earnings of $1.22, delivering a surprise of +20.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Owens Corning, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $2.76 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.16%. This compares to year-ago revenues of $2.75 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Owens Corning shares have added about 30% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Owens Corning?While Owens Corning has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Owens Corning was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.46 on $2.7 billion in revenues for the coming quarter and $9.55 on $9.93 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Tecnoglass (TGLS - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This architectural glass maker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of -49.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Tecnoglass' revenues are expected to be $265.74 million, up 4% from the year-ago quarter.
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a branded building products leader, today reported second-quarter 2026 results.
Reported Net Sales from Continuing Operations of $2.8 Billion, In Line with Prior Year Generated Net Earnings Margin from Continuing Operations of 11% and Adjusted EBITDA Margin from Continuing Operations of 24% Delivered Diluted EPS from Continuing Operations of $3.84 and Adjusted Diluted EPS from Continuing Operations of $3.93 Produced Operating Cash Flow of $398 Million and Free Cash Flow of $199 Million Returned $264 Million to Shareholders through Dividends and Share Repurchases “These outstanding second-quarter results demonstrate the strength of our reshaped company. Our performance is a direct result of our strategic pivot to build a large-scale, residential-focused building products company with unique and unifying competitive advantages across market-leading businesses,” said Chair and Chief Executive Officer Brian Chambers. “Through our strategic choices, disciplined execution, and continued investment, we have created multiple paths to deliver revenue, earnings, and cash flow growth. As we look ahead, we remain focused on executing our growth agenda and creating long-term value for our customers and shareholders.”
Enterprise Performance from Continuing Operations
($ in millions, except per share amounts)
Second-Quarter
Six Months
2026
2025
Change
2026
2025
Change
Net Sales
$2,756
$2,747
$9
—%
$5,021
$5,277
$(256)
(5)%
Net Earnings Attributable to OC
310
334
(24)
(7)%
348
589
(241)
(41)%
As a Percent of Net Sales
11%
12%
N/A
N/A
7%
11%
N/A
N/A
Adjusted EBITDA
660
703
(43)
(6)%
1,029
1,268
(239)
(19)%
As a Percent of Net Sales
24%
26%
N/A
N/A
20%
24%
N/A
N/A
Diluted EPS
3.84
3.91
(0.07)
(2)%
4.31
6.86
(2.55)
(37)%
Adjusted Diluted EPS
3.93
4.21
(0.28)
(7)%
5.15
7.17
(2.02)
(28)%
Operating Cash Flow1
398
327
71
22%
244
278
(34)
(12)%
Free Cash Flow1
199
129
70
54%
(188)
(123)
(65)
(53)%
1 Reflects full company performance inclusive of discontinued operations.
Enterprise Strategy Updates
In the second quarter, Owens Corning maintained a high level of safety performance with a recordable incident rate (RIR) of 0.75. Owens Corning completed the sale of its glass reinforcements business on April 30, 2026, advancing the company’s strategy to operate as a residential-focused building products leader in North America and Europe and enhancing its capital efficiency. The sale positions the company to deliver higher, more resilient margins and cash flows in support of its growth and capital allocation strategy. On July 29, Owens Corning announced the appointment of Jonathan Collins as Executive Vice President and Chief Financial Officer, effective August 10, 2026. Collins is a seasoned finance executive with strong operational expertise and a proven background in scaling rapidly evolving businesses. He succeeds Todd Fister who will assume the role of President and Chief Operating Officer and will lead the execution of key enterprise initiatives to drive growth and performance, leveraging the company’s unique OC Advantages™ to further integrate its go-to-market strategy and simplify and standardize work across the enterprise. By applying Owens Corning's proven commercial and operational playbook to unlock value for the Doors business, the company has achieved $135 million of enterprise run-rate cost synergies — exceeding its commitment to deliver $125 million by mid-2026. The company is also on track to deliver an additional $75 million of structural cost improvements through network optimization and operational efficiencies. Cash Returned to Shareholders
Owens Corning remains committed to returning $2 billion of cash to shareholders over 2025 and 2026 through dividends and share repurchases. In the second quarter, the company returned $264 million to shareholders. The company repurchased 1.7 million shares of common stock for $200 million and paid a quarterly cash dividend of $64 million. At the end of the quarter, 10.8 million shares were available for repurchase under the current authorizations. “Our second-quarter performance was driven by the disciplined commercial work of our teams and the execution of company-specific initiatives to grow our revenue and improve productivity. We continue to demonstrate our ability to perform across cycles while positioning Owens Corning for even greater success as market conditions improve,” said Executive Vice President and Chief Financial and Operating Officer Todd Fister. “In the second half of the year, we are committed to maintaining our healthy balance sheet, investing in capital projects to grow our future earnings power, and returning significant cash to shareholders. We are also excited to welcome Jonathan Collins to Owens Corning to partner with our executive team to accelerate organic growth and performance."
Other Notable Highlights
Owens Corning was named to the Fortune 500 for the 72nd consecutive year. This annual list ranks the largest U.S. companies based on revenue. Owens Corning has appeared on the list every year since its inception. In May, Owens Corning published its 2025 Sustainability Report, Built to Sustain, which outlined the company’s ongoing commitment to sustainability and innovation in support of its business objectives and meeting customer needs. This marks the 20th annual sustainability report from Owens Corning. Second-Quarter Business Performance from Continuing Operations
Owens Corning reported resilient earnings in the current demand environment, with an enterprise adjusted EBITDA margin of 24%. Second-quarter results were supported by demand for the company’s high-performing branded building products, reflecting the strength of its market-leading positions and differentiated commercial capabilities. Segment Results ($ in millions)
Net Sales
EBITDA
EBITDA Margin
Q2 2026
Q2 2025
Q2 2026
Q2 2025
Q2 2026
Q2 2025
Roofing
$1,313
$1,303
$441
$457
34%
35%
Insulation
971
934
213
225
22%
24%
Doors
513
554
57
75
11%
14%
Third-Quarter Outlook
The key economic factors that impact the company’s business are residential repair activity, residential remodeling activity, U.S. housing starts, and commercial construction activity. Owens Corning expects discretionary remodeling activity and residential new construction to remain under some pressure. In roofing, the company expects seasonal storm demand to be in line with historical averages, while heavier second-quarter inventory stocking is expected to impact third-quarter distributor purchases. Non-residential construction activity in North America is expected to remain stable, and conditions in the company's core European markets are anticipated to gradually improve. Owens Corning anticipates inflationary impact from the Iran conflict to result in incremental costs of approximately $40 million in the third quarter. For the third-quarter 2026, Owens Corning expects to continue delivering strong financial performance based on structural improvements made to the company and its market-leading positions. Revenue is expected to be approximately $2.6 billion to $2.7 billion, slightly below the prior year. The company expects to generate enterprise adjusted EBITDA margin of approximately 20% to 22%. Current 2026 Financial Outlook
General Corporate EBITDA Expenses
$245 million to $255 million
Interest Expense
$255 million to $265 million
Effective Tax Rate on Adjusted Earnings
24% to 26%*
Capital Additions
Approximately $800 million
Depreciation and Amortization
Approximately $680 million
* Cash taxes are anticipated to be lower.
Second-Quarter 2026 Conference Call and Presentation
Wednesday, August 5, 2026
9 a.m. Eastern Time
All Callers
Live dial-in telephone number: U.S. and Canada 1.833.461.5787; and other international locations +1.585.542.9983 Meeting code: 845257538 (Please dial in 10-15 minutes before conference call start time) Live webcast: https://events.q4inc.com/attendee/845257538 Webcast replay will be available for one year using the above link. About Owens Corning
Owens Corning is a branded building products leader with three complementary market‑leading businesses providing roofing, insulation, and doors primarily for residential markets in North America and Europe. The company operates with an integrated go‑to‑market strategy and a unique set of OC Advantages™ – including its iconic brand, unparalleled commercial strength, leading technology, and winning cost position – to help customers win and grow in the market. Owens Corning is committed to helping build better and achieve more through winning partnerships, leading performance, and engaging people. Founded in 1938 and headquartered in Toledo, Ohio, Owens Corning is listed on the New York Stock Exchange (NYSE: OC). For more information, visit www.owenscorning.com.
Use of Non-GAAP Measures
Owens Corning uses non-GAAP measures in its earnings press release that are intended to supplement investors' understanding of the company's financial information. These non-GAAP measures include EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted earnings from continuing operations, adjusted diluted earnings per share attributable to Owens Corning common stockholders ("adjusted EPS") from continuing operations and free cash flow. When used to report historical financial information, reconciliations of these non-GAAP measures to the corresponding GAAP measures are included in the financial tables of this press release. Specifically, see Table 2 for adjusted EBITDA from continuing operations, Table 3 for adjusted earnings from continuing operations and adjusted EPS from continuing operations, and Table 8 for free cash flow.
For purposes of internal review of Owens Corning's year-over-year operational performance, management excludes from net earnings attributable to Owens Corning certain items it believes are not representative of ongoing operations. The non-GAAP financial measures resulting from these adjustments (including adjusted EBITDA from continuing operations, adjusted earnings from continuing operations and adjusted EPS from continuing operations) are used internally by Owens Corning for various purposes, including reporting results of operations to the Board of Directors, analysis of performance, and related employee compensation measures. Management believes that these adjustments result in a measure that provides a useful representation of its operational performance; however, the adjusted measures should not be considered in isolation or as a substitute for net earnings attributable to Owens Corning as prepared in accordance with GAAP.
Free cash flow is a non-GAAP liquidity measure used by investors, financial analysts and management to help evaluate the company's ability to generate cash to pursue opportunities that enhance shareholder value. The company defines free cash flow as net cash flow provided by operating activities, less cash paid for property, plant and equipment. Free cash flow is not a measure of residual cash flow available for discretionary expenditures due to the company's mandatory debt service requirements. Free cash flow is used internally by the company for various purposes, including reporting results of operations to the Board of Directors of the company and analysis of performance.
Management believes that these measures provide a useful representation of our operational performance and liquidity; however, the measures should not be considered in isolation or as a substitute for net cash flow provided by operating activities or net earnings attributable to Owens Corning as prepared in accordance with GAAP.
When the company provides forward-looking expectations for non-GAAP measures, the most comparable GAAP measures and a reconciliation between the non-GAAP expectations and the corresponding GAAP measures are generally not available without unreasonable effort due to the variability, complexity and limited visibility of the adjusting items that would be excluded from the non-GAAP measures in future periods. The variability in timing and amount of adjusting items could have significant and unpredictable effect on our future GAAP results.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to risks, uncertainties and other factors and actual results may differ materially from those results projected in the statements. These risks, uncertainties and other factors include, without limitation: levels of residential and non-residential construction activity; demand for our products; industry and economic conditions including, but not limited to, supply chain disruptions, recessionary conditions, inflationary pressures, and interest rate and financial markets volatility; additional changes to tariff, trade or investment policies or laws by the United States, or similar actions, including reciprocal actions, by foreign governments; availability and cost of energy and raw materials; competitive and pricing factors; relationships with key customers and customer concentration in certain areas; our ability to achieve expected synergies, cost reductions and/or productivity improvements; issues related to acquisitions, divestitures and joint ventures or expansions; climate change, weather conditions and storm activity; legislation and related regulations or interpretations in the United States or elsewhere; domestic and international economic and political conditions, policies or other governmental actions, as well as war and civil disturbance; uninsured losses or major manufacturing disruptions, including those from natural disasters, catastrophes, pandemics, theft or sabotage; environmental, product-related or other legal and regulatory liabilities, proceedings or actions; research and development activities and intellectual property protection; issues involving implementation and protection of information technology systems; foreign exchange and commodity price fluctuations; our level of indebtedness; our liquidity and the availability and cost of credit; the level of fixed costs required to run our business; levels of goodwill or other indefinite-lived intangible assets; loss of key employees and labor disputes or shortages; defined benefit plan funding obligations; and factors detailed from time to time in the company’s filings with the U.S. Securities and Exchange Commission. This information speaks as of August 5, 2026, and is subject to change. The company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by federal securities laws. Any distribution of this news release after that date is not intended and should not be construed as updating or confirming such information.
Owens Corning Company News / Owens Corning Investor Relations News
Table 1
Owens Corning and Subsidiaries
Consolidated Statements of Earnings
(unaudited)
(in millions, except per share amounts)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
NET SALES
$
2,756
$
2,747
$
5,021
$
5,277
COST OF SALES
1,963
1,889
3,718
3,694
Gross margin
793
858
1,303
1,583
OPERATING EXPENSES
Marketing and administrative expenses
252
263
510
524
Science and technology expenses
35
37
72
72
Loss on sale of business
—
24
—
26
Other expense, net
24
29
119
49
Total operating expenses
311
353
701
671
OPERATING INCOME
482
505
602
912
Non-operating income
—
—
—
—
EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES
482
505
602
912
Interest expense, net
69
63
135
127
EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES
413
442
467
785
Income tax expense
102
110
117
198
Equity in net earnings of affiliates
—
1
—
1
NET EARNINGS FROM CONTINUING OPERATIONS
311
333
350
588
Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax
(84
)
29
(227
)
(319
)
NET EARNINGS
$
227
$
362
$
123
$
269
NET EARNINGS FROM CONTINUING OPERATIONS
$
311
$
333
$
350
$
588
Net earnings (loss) attributable to noncontrolling interests
1
(1
)
2
(1
)
NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING
310
334
348
589
Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax
(84
)
29
(227
)
(319
)
NET EARNINGS ATTRIBUTABLE TO OWENS CORNING
$
226
$
363
$
121
$
270
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
Basic - continuing operations
$
3.86
$
3.93
$
4.32
$
6.90
Basic - discontinued operations
$
(1.05
)
$
0.34
$
(2.82
)
$
(3.74
)
Basic
$
2.81
$
4.27
$
1.50
$
3.16
Diluted - continuing operations
$
3.84
$
3.91
$
4.31
$
6.86
Diluted - discontinued operations
$
(1.04
)
$
0.34
$
(2.81
)
$
(3.71
)
Diluted
$
2.80
$
4.25
$
1.50
$
3.15
Table 2
Owens Corning and Subsidiaries
EBITDA Reconciliation Schedules
(unaudited)
Adjusting (expense) income items to EBITDA are shown in the table below:
(a) This gain relates to the sale of a site that was part of a previous restructuring action in the Roofing segment.
The reconciliation from Net earnings from continuing operations attributable to Owens Corning to Adjusted EBITDA from continuing operations is shown in the table below:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING
$
310
$
334
$
348
$
589
Net earnings (loss) attributable to noncontrolling interests
1
(1
)
2
(1
)
NET EARNINGS FROM CONTINUING OPERATIONS
311
333
350
588
Equity in net earnings of affiliates
—
1
—
1
Income tax expense
102
110
117
198
EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES
413
442
467
785
Interest expense, net
69
63
135
127
EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES
482
505
602
912
Less: Adjusting items from above
(3
)
(26
)
(78
)
(25
)
Depreciation & Amortization
175
172
349
331
ADJUSTED EBITDA FROM CONTINUING OPERATIONS
$
660
$
703
$
1,029
$
1,268
Net sales
$
2,756
$
2,747
$
5,021
$
5,277
ADJUSTED EBITDA as a % of Net sales
24
%
26
%
20
%
24
%
Table 3
Owens Corning and Subsidiaries
EPS Reconciliation Schedules
(unaudited)
(in millions, except per share data)
A reconciliation from Net earnings from continuing operations attributable to Owens Corning to adjusted earnings from continuing operations and a reconciliation from diluted earnings from continuing operations per share to adjusted diluted earnings from continuing operations per share are shown in the tables below:
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
2026
2025
RECONCILIATION TO ADJUSTED EARNINGS FROM CONTINUING OPERATIONS
NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING
$
310
$
334
$
348
$
589
Adjustment to remove adjusting items and other adjustments (a)
3
26
78
25
Adjustment to remove adjusting items for depreciation and amortization (b)
7
9
12
9
Adjustment to remove tax (benefit)/expense on adjusting items and other adjustments (c)
(5
)
(8
)
(23
)
(8
)
Adjustment to tax expense/(benefit) to reflect pro forma tax rate (d)
2
(1
)
1
1
ADJUSTED EARNINGS FROM CONTINUING OPERATIONS
$
317
$
360
$
416
$
616
RECONCILIATION TO ADJUSTED DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS FROM CONTINUING OPERATIONS
DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
$
3.84
$
3.91
$
4.31
$
6.86
Adjustment to remove adjusting items and other adjustments (a)
0.04
0.30
0.96
0.29
Adjustment to remove adjusting items for depreciation and amortization (b)
0.09
0.11
0.15
0.10
Adjustment to remove tax (benefit)/expense on adjusting items and other adjustments (c)
(0.06
)
(0.09
)
(0.28
)
(0.09
)
Adjustment to tax expense/(benefit) to reflect pro forma tax rate (d)
0.02
(0.02
)
0.01
0.01
ADJUSTED DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS FROM CONTINUING OPERATIONS
$
3.93
$
4.21
$
5.15
$
7.17
RECONCILIATION TO DILUTED SHARES OUTSTANDING
Weighted average shares outstanding used for basic earnings per share
80.3
85.0
80.5
85.4
Unvested restricted shares and performance shares
0.3
0.5
0.3
0.5
Diluted shares outstanding
80.6
85.5
80.8
85.9
Table 4
Owens Corning and Subsidiaries
Consolidated Balance Sheets
(unaudited)
(in millions, except per share data)
June 30,
December 31,
ASSETS
2026
2025
CURRENT ASSETS
Cash and cash equivalents
$
271
$
345
Receivables, less allowance of $4 at June 30, 2026 and $4 at December 31, 2025
1,508
937
Inventories
1,455
1,472
Other current assets
208
165
Current assets of discontinued operations
—
426
Total current assets
3,442
3,345
Property, plant and equipment, net
4,153
4,170
Operating lease right-of-use assets
507
507
Goodwill
1,658
1,679
Intangible assets, net
2,460
2,535
Deferred income taxes
15
10
Other non-current assets
496
480
Non-current assets of discontinued operations
—
254
TOTAL ASSETS
$
12,731
$
12,980
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable
$
1,350
$
1,257
Current operating lease liabilities
85
83
Short-term debt
65
50
Long-term debt - current portion
937
435
Other current liabilities
531
613
Current liabilities of discontinued operations
—
222
Total current liabilities
2,968
2,660
Long-term debt, net of current portion
4,188
4,687
Pension plan liability
36
38
Other employee benefits liability
93
96
Non-current operating lease liabilities
454
450
Deferred income taxes
857
737
Other liabilities
324
323
Non-current liabilities of discontinued operations
—
96
Total liabilities
8,920
9,087
OWENS CORNING STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.01 per share (a)
—
—
Common stock, par value $0.01 per share (b)
1
1
Additional paid-in capital
4,253
4,256
Accumulated earnings
4,456
4,463
Accumulated other comprehensive deficit
(340
)
(437
)
Cost of common stock in treasury (c)
(4,598
)
(4,430
)
Total Owens Corning stockholders’ equity
3,772
3,853
Noncontrolling interests
39
40
Total equity
3,811
3,893
TOTAL LIABILITIES AND EQUITY
$
12,731
$
12,980
(a) 10 shares authorized; none issued or outstanding at June 30, 2026 and December 31, 2025
(b) 400 shares authorized; 135.5 issued and 79.0 outstanding at June 30, 2026; 135.5 issued and 80.2 outstanding at December 31, 2025
(c) 56.5 shares at June 30, 2026 and 55.3 shares at December 31, 2025
Table 5
Owens Corning and Subsidiaries
Consolidated Statements of Cash Flows
(unaudited)
(in millions)
Six Months Ended June 30,
2026
2025
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES
Net earnings
$
123
$
269
Adjustments to reconcile net earnings to cash provided by operating activities:
Loss on discontinued operations
175
381
Depreciation and amortization
349
331
Loss on sale of business
—
26
Deferred income taxes
93
4
Stock-based compensation expense
35
39
Gains on sale of certain precious metals
(22
)
(21
)
Other adjustments to reconcile net earnings to cash from operating activities
(7
)
(21
)
Change in operating assets and liabilities
(489
)
(707
)
Pension fund contribution
(3
)
(3
)
Payments for other employee benefits liabilities
(6
)
(5
)
Other
(4
)
(15
)
Net cash flow provided by operating activities
244
278
NET CASH FLOW PROVIDED BY (USED FOR) INVESTING ACTIVITIES
Cash paid for property, plant and equipment
(432
)
(401
)
Proceeds from sale of assets or affiliates
69
62
Proceeds from sale of Glass Reinforcements business, net of cash divested
370
—
Other
—
(8
)
Net cash flow provided by (used for) investing activities
7
(347
)
NET CASH FLOW USED FOR FINANCING ACTIVITIES
Proceeds from senior revolving credit and receivables securitization facilities
—
329
Payments on senior revolving credit and receivables securitization facilities
—
(329
)
Net proceeds from commercial paper
15
420
Payments on long-term debt
—
(29
)
Dividends paid
(127
)
(118
)
Purchases of treasury stock
(230
)
(363
)
Finance lease payments
(24
)
(22
)
Net cash flow used for financing activities
(366
)
(112
)
Effect of exchange rate changes on cash
(13
)
85
Net decrease in cash, cash equivalents and restricted cash
(128
)
(96
)
Cash, cash equivalents and restricted cash, beginning of period
407
369
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
$
279
$
273
Table 6
Owens Corning and Subsidiaries
Segment Information
(unaudited)
Roofing
The table below provides a summary of net sales and EBITDA for the Roofing segment:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
Net sales
$
1,313
$
1,303
$
2,273
$
2,423
% change from prior year
1
%
4
%
-6
%
3
%
EBITDA
$
441
$
457
$
672
$
789
EBITDA as a % of net sales
34
%
35
%
30
%
33
%
Insulation
The table below provides a summary of net sales and EBITDA for the Insulation segment:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
Net sales
$
971
$
934
$
1,838
$
1,843
% change from prior year
4
%
-4
%
—
%
-5
%
EBITDA
$
213
$
225
$
380
$
450
EBITDA as a % of net sales
22
%
24
%
21
%
24
%
Doors
The table below provides a summary of net sales and EBITDA for the Doors segment:
Three Months Ended June 30,
Six Months Ended June 30,
(In millions)
2026
2025
2026
2025
Net sales
$
513
$
554
$
988
$
1,094
% change from prior year
-7
%
N/A
-10
%
N/A
EBITDA
$
57
$
75
$
91
$
143
EBITDA as a % of net sales
11
%
14
%
9
%
13
%
Table 7
Owens Corning and Subsidiaries
Corporate, Other and Eliminations
(unaudited)
Corporate, Other and Eliminations
The table below provides a summary of EBITDA for the Corporate, Other and Eliminations category:
