Owens Corning (NYSE:OC) Issues Quarterly Earnings Results

Owens Corning (NYSE:OC) announced its earnings results on Monday. The construction company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.35, Zacks reports. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.77 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The company’s revenue was up 23.3% on a year-over-year basis. During the same period last year, the business posted $3.21 EPS. Owens Corning updated its Q1 2025 guidance to EPS.

Owens Corning Trading Down 1.7 %

OC opened at $162.63 on Tuesday. The firm’s 50 day moving average is $176.97 and its 200-day moving average is $179.00. The firm has a market capitalization of $13.95 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.88 and a beta of 1.46. Owens Corning has a 52-week low of $145.50 and a 52-week high of $214.53. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89.

Owens Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a yield of 1.70%. Owens Corning’s dividend payout ratio (DPR) is 23.49%.

Analysts Set New Price Targets

OC has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on shares of Owens Corning from $189.00 to $196.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. UBS Group upped their price objective on Owens Corning from $197.00 to $218.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Citigroup reduced their target price on Owens Corning from $212.00 to $207.00 and set a “buy” rating for the company in a report on Monday, January 6th. Wells Fargo & Company upgraded shares of Owens Corning from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $195.00 to $225.00 in a report on Tuesday, December 17th. Finally, Barclays raised shares of Owens Corning from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $192.00 to $245.00 in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.30.

Insider Buying and Selling at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following the transaction, the insider now owns 11,635 shares of the company’s stock, valued at approximately $2,140,490.95. This trade represents a 13.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gunner Smith sold 17,450 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the completion of the transaction, the insider now owns 18,866 shares of the company’s stock, valued at approximately $3,606,990.54. The trade was a 48.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

About Owens Corning

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.