Short interest for Owens-Corning gives investors a sense of the degree to which investors are betting on the decline of Owens-Corning's stock. Short interest data is updated every two weeks.

Owens-Corning Stock (NYSE:OC), Short Interest Report

Owens-Corning

Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.

BZ_briefs

Earnings

News

Guidance

Owens Corning reported a first-quarter fiscal 2024 net sales decline of 1% year-over-year to $2.3 billion, beats consensus of $2.28 billion.

Owens Corning Credits Margin Expansion, Enhanced Product Lineup For Q1 Performance

DOOR

Analyst Color

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Mid Cap

Downgrades

Price Target

Trading Ideas

Analyst downgrades Masonite to Hold at a higher price target of $133 following lower-than-expected earnings. Acquisition by Owens Corning also on track.

Masonite&#39;s Mixed Fortunes: Analyst Shifts To Hold Amid North American Gains And European Struggles

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David Tepper&#39;s hedge fund, Appaloosa Management, made strategic moves in Q4 2023, including entering new positions, boosting select tech holdings, reducing exposure to semiconductors, and making key exits.

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A significant insider buy by Edward Lonergan, Board Member at Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>), was executed on April 29, and reported in the recent SEC filing.
What Happened: Lonergan demonstrated confidence in Owens-Corning by purchasing 445 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001370946/000137094624000139//Archives/edgar/data/1370946/000137094624000139/0001370946-24-000139-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the transaction is $74,982.
The latest market snapshot at Tuesday morning reveals Owens-Corning shares down by 0.63%, trading at $170.6.
<h3>Unveiling the Story Behind Owens-Corning</h3>
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.
<h3>Financial Milestones: Owens-Corning's Journey</h3>
Decline in Revenue: Over the 3 months period, Owens-Corning faced challenges, resulting in a decline of approximately -1.33% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 29.57%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Owens-Corning's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 3.42.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.63.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 13.88, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.6 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Owens-Corning's EV/EBITDA ratio, lower than industry averages at 7.88, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Exploring the Significance of Insider Trading</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Cracking Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001370946">Check Out The Full List Of Owens-Corning's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Move: Edward Lonergan Invests $74K In Owens-Corning Stock

Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>), a leader in global building and construction materials, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with the company's previously <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.owenscorning.com%2Finvestors%2Fstock-performance-and-earnings%2Fpress-releases%2Fpress-release-details%2F2024%2FOwens-Corning-Announces-3.9-Billion-Acquisition-of-Masonite-to-Strengthen-Position-in-Building-and-Construction-Materials%2F&amp;esheet=53959038&amp;newsitemid=20240429160721&amp;lan=en-US&amp;anchor=announced&amp;index=1&amp;md5=b4fbba31f750de517cdeadd82427123d">announced</a> acquisition of Masonite International Corporation ("Masonite") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOOR#NYSE">DOOR</a>). The expiration of the waiting period occurred at 11:59 p.m. on April 26, 2024.
The expiration of the HSR Act waiting period satisfies a closing condition for the transaction. Masonite previously <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.masonite.com%2FInvestors%2Fpress-releases%2Fpress-release-details%2F2024%2FMasonite-Shareholders-Approve-Transaction-with-Owens-Corning%2Fdefault.aspx&amp;esheet=53959038&amp;newsitemid=20240429160721&amp;lan=en-US&amp;anchor=announced&amp;index=2&amp;md5=f2691578c1cf5f64573f208ef3aa29af">announced</a> that its shareholders voted to approve the company's acquisition by Owens Corning at its Special Meeting of Shareholders.
The transaction is anticipated to close in May 2024, subject to satisfaction of the remaining customary closing conditions.

Owens Corning Announces Expiration Of Hart-Scott-Rodino Waiting Period For Planned Acquisition Of Masonite

Masonite Holders Approve Transaction With Owens Corning

RBC Capital analyst Mike Dahl maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Outperform and raises the price target from $175 to $192.

Analyst Ratings

RBC Capital Maintains Outperform on Owens-Corning, Raises Price Target to $192

Argus Research analyst John Eade maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Buy and raises the price target from $175 to $182.

Argus Research Maintains Buy on Owens-Corning, Raises Price Target to $182

Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Owens-Corning and provided 12-month price targets. The average target is $168.7, accompanied by a high estimate of $192.00 and a low estimate of $145.00. Marking an increase of 4.39%, the current average surpasses the previous average price target of $161.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1714060844_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Owens-Corning among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Lovallo</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$192.00</td>
<td>$169.00</td>
</tr>
<tr>
<td>Stephen Kim</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$172.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$169.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Garik Shmois</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Michael Rehaut</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$163.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>John Lovallo</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$169.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Mike Dahl</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$175.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$145.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Stephen Kim</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$154.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Matthew Bouley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$160.00</td>
<td>$176.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Owens-Corning. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Owens-Corning compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Owens-Corning's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Owens-Corning's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Owens-Corning analyst ratings.</a>
<h2>All You Need to Know About Owens-Corning</h2>
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.
<h3>Owens-Corning: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Owens-Corning's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 0.83%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Owens-Corning's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 5.69%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Owens-Corning's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.55%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Owens-Corning's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.17%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.63, Owens-Corning adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Owens-Corning

UBS analyst John Lovallo maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Buy and raises the price target from $169 to $192.

UBS Maintains Buy on Owens-Corning, Raises Price Target to $192

Evercore ISI Group analyst Stephen Kim maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a In-Line and raises the price target from $154 to $172.

Evercore ISI Group Maintains In-Line on Owens-Corning, Raises Price Target to $172

Owens Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) reported a <a href="https://www.benzinga.com/pressreleases/24/04/b38398246/owens-corning-delivers-net-sales-of-2-3-billion-generates-net-earnings-of-299-million-and-adjusted" target="_blank" rel="noreferrer noopener">first-quarter fiscal 2024</a> net sales decline of 1% year-over-year to $2.3 billion, beating the consensus of $2.28 billion.
<ul>
<li>Sales by segments: Composites $523 million (-11% Y/Y), Insulation $904 million (-2% Y/Y), and Roofing $957 million (+7% Y/Y).</li>
<li>Adjusted EPS was $3.59, up from $2.80 a year ago, above the consensus of $3.08.</li>
<li>Adjusted EBIT increased 21.3% Y/Y to $438 million, with margin expanding to 19% from 15% prior year quarter.</li>
<li>Adjusted EBITDA rose by 16% Y/Y to $565 million, and the margin expanded to 25% from 21% a year ago.</li>
<li>Operating Cash Flow for the quarter was $24 million compared to an outflow of $164 million a year ago, and free cash outflow stood at $128 million.</li>
</ul>
<h3 class="wp-block-heading">Owens Corning Outlook</h3>
During the year, the company paid dividends of $52 million and repurchased 0.9 million shares of common stock for $130 million.
Owens Corning maintains its commitment to innovation, unveiling 13 new or enhanced products in the first quarter to bolster customer support and foster further growth.
For the second quarter of 2024, the company expects overall performance to result in net sales in line with the second quarter of 2023 while generating ~20% EBIT margins for its existing businesses.
For 2024, Owens Corning expects general corporate expenses of $240 million-$250 million and capital additions of ~$550 million.
Price Action: OC shares are trading lower by 0.82 % at $166.24 at the last check Wednesday.
Now Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38405106/us-economy-expected-to-grow-2-5-in-q1-not-a-hard-landing-and-hardly-a-soft-one">US Economy Expected To Grow 2.5% In Q1 &#8211; Not &#8216;A Hard Landing And Hardly A Soft One&#8217;</a>

Owens Corning Expects Q2 Net Sales To Be Stable Y/Y, While Generating About 20% EBIT Margins For Its Existing Businesses

Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) reported quarterly earnings of $3.59 per share which beat the analyst consensus estimate of $3.08 by 16.56 percent. This is a 29.6 percent increase over earnings of $2.77 per share from the same period last year. The company reported quarterly sales of $2.30 billion which beat the analyst consensus estimate of $2.28 billion by 0.88 percent. This is a 1.33 percent decrease over sales of $2.33 billion the same period last year.

Owens-Corning Q1 Adj. EPS $3.59 Beats $3.08 Estimate, Sales $2.30B Beat $2.28B Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.becn.com%2F&amp;esheet=53943811&amp;newsitemid=20240422328918&amp;lan=en-US&amp;anchor=Beacon&amp;index=1&amp;md5=3527e6429d3d68f2ed7120915af985bc">Beacon</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer. Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240422328918/en/">https://www.businesswire.com/news/home/20240422328918/en/</a>
Prior to joining Beacon, Mr. Gandhi was VP, Finance and Chief Financial Officer at TAMKO Building Products, a roofing products manufacturer and supplier for the last two years where he led initiatives that drove business insights and financial leverage resulting in improved operational performance. Prior to TAMKO, he served as Chief Financial Officer of Fast Radius, a 3D printing business that went public in 2022. Before joining Fast Radius, he worked for eight years at Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) serving in progressively more senior finance roles, including VP, FP&amp;A &amp; Corporate Strategy and VP, Corporate Development and culminating as Interim Chief Financial Officer. Earlier in his career, Mr. Gandhi held corporate strategy and development roles at Dover Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) and Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) and Morgan Stanley where he was VP, Proprietary Investments. Mr. Gandhi earned a bachelor's degree in mathematics and economics at the University of California-Berkeley, a master's degree in international economics at Georgetown University and a master's degree in business administration from the Wharton School of the University of Pennsylvania.
"I am very pleased to welcome Prith to the Beacon executive leadership team," said Julian Francis, President and CEO, Beacon. "Prith's strong growth orientation, extensive M&amp;A experience and capital markets expertise will strengthen Beacon as we complete Ambition 2025 and continue to grow above the market. His proven track record in financial leadership, particularly in the building products industry, will be invaluable as we continually improve service to customers in our two core markets, residential roofing, and commercial roofing."
Commenting on his appointment, Mr. Gandhi said, "It is an honor to join the highly experienced and successful leadership team at Beacon, a company that is recognized as a high-performing innovator in building products distribution. I am excited about the opportunity to work with Julian again following our collaboration at Owens Corning and am eager to drive Beacon's strategic plan forward to create value for all stakeholders."

Management

BECN

ZBRA

Beacon Appoints Prithvi Gandhi As Executive Vice President And Chief Financial Officer, Will Assume The Role On Or About May 6, 2024

Across the recent three months, 8 analysts have shared their insights on Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Owens-Corning, revealing an average target of $165.38, a high estimate of $188.00, and a low estimate of $145.00. This current average has increased by 2.33% from the previous average price target of $161.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1712336455_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Owens-Corning by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$169.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Garik Shmois</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Michael Rehaut</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$163.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>John Lovallo</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$169.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Mike Dahl</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$175.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$145.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Stephen Kim</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$154.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Matthew Bouley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$160.00</td>
<td>$176.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Owens-Corning. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Owens-Corning compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Owens-Corning's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Owens-Corning's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/OC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Owens-Corning analyst ratings.</a>
<h2>Get to Know Owens-Corning Better</h2>
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.
<h3>Owens-Corning's Economic Impact: An Analysis</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Owens-Corning showcased positive performance, achieving a revenue growth rate of 0.83% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Owens-Corning's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 5.69%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Owens-Corning's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.55%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Owens-Corning's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.17%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Owens-Corning's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.63.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 8 Analyst Projections For Owens-Corning

Citigroup analyst Paul Lejuez maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Neutral and raises the price target from $150 to $169.

Citigroup Maintains Neutral on Owens-Corning, Raises Price Target to $169

Loop Capital analyst Garik Shmois maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Buy and raises the price target from $167 to $188.

Loop Capital Maintains Buy on Owens-Corning, Raises Price Target to $188

Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) has outperformed the market over the past 5 years by 14.44% on an annualized basis producing an average annual return of 27.14%. Currently, Owens-Corning has a market capitalization of $14.12 billion. 
Buying $100 In OC: If an investor had bought $100 of OC stock 5 years ago, it would be worth $328.04 today based on a price of $162.37 for OC at the time of writing.
<h3>Owens-Corning's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710446426_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Owens-Corning 5 Years Ago Would Be Worth This Much Today

Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) has outperformed the market over the past 15 years by 9.64% on an annualized basis producing an average annual return of 23.6%. Currently, Owens-Corning has a market capitalization of $13.20 billion. 
Buying $100 In OC: If an investor had bought $100 of OC stock 15 years ago, it would be worth $2,840.26 today based on a price of $151.67 for OC at the time of writing.
<h3>Owens-Corning's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709560826_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $2,800 Today

Stifel&nbsp;analyst Stanley S. Elliott&nbsp;&nbsp;downgraded&nbsp;Masonite International Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOOR#NYSE">DOOR</a>) to Hold from Buy at an increased&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/DOOR/analyst-ratings" rel="noreferrer noopener">price target of $133 (from $119)</a>.
The downgrade comes following the company&#8217;s fourth-quarter results reported this week.
The company posted revenue of $660.58 million, missing the consensus of $662.25 million, and adjusted EPS of $1.29, coming below the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37204041/masonite-international-corporation-reports-2023-fourth-quarter-and-full-year-financial-results" rel="noreferrer noopener">consensus of $1.31</a>.&nbsp;
The analyst writes that Masonite&#8217;s North American business saw upside in 2023 but was offset by continued weakness in Europe and Architectural.
Also, this month,&nbsp;Owens Corning Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) agreed to acquire Masonite&nbsp;for $133.00 per share in cash, implying a transaction value of&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/02/37038695/building-materials-supplier-owens-corning-agrees-to-buy-masonite-in-3-9b-deal-expects-13b-revenue-bo" rel="noreferrer noopener">approximately $3.9 billion</a>.
The analyst writes that the acquisition remains on track to be closed by mid-2024 and doesn&#8217;t see any regulatory hurdles with this transaction.
Also, the analyst notes that M&amp;A will remain a key theme as the building products industry continues to innovate and consolidate.
The analyst writes that Masonite&#8217;s &#8216;Doors That Do More&#8217; Strategy will help drive consistent revenue and margin performance over time.&nbsp;
Also, the company&#8217;s focus on operational improvement and developing door systems versus slabs should enhance value and margins over time.&nbsp;
The analyst estimates revenue and EPS of $2.94 billion and $9.87 in 2024 and $3.13 billion and $11.55 in 2025.
Price Action: DOOR shares are trading higher by 0.05% at $129.84 on the last check Wednesday.

Masonite's Mixed Fortunes: Analyst Shifts To Hold Amid North American Gains And European Struggles

David Tepper&#8217;s Appaloosa Management navigated dynamic market conditions in the fourth quarter of 2023. Strategic moves by the hedge fund included entering new positions, boosting select tech holdings, reducing exposure to semiconductor stocks and making key exits. 
Tepper&#8217;s decisions provide a glimpse into his outlook and positioning for the first quarter of 2024, given diverse market trends.
<h2 class="wp-block-heading">New Positions: Oracle, ARK Innovation ETF</h2>
Appaloosa Management initiated substantial new positions, with the standout entries being in Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). The fund purchased 1.3 million shares of Oracle, valued at approximately $140 million, and secured a call option for nearly 2.6 million shares in the ARK Innovation ETF worth more than $133 million. Other notable entries included FMC Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>).
<h2 class="wp-block-heading">Tech Sector Adjustments &amp; Expansion in Home Improvement, Construction</h2>
Tepper&#8217;s fund reduced its exposure to semiconductor stocks such as Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
At the same time, it boosted positions in other tech giants, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>). The fourth quarter filing showcased a calculated shift in the tech sector holdings, aligning with evolving market dynamics.
Appaloosa Management also diversified its portfolio by entering positions in the home improvement, construction, and building materials sectors. Notable additions included Masco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>), Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>), and Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>), signaling the fund&#8217;s strategic interest in these industries.
<h2 class="wp-block-heading">Caesars Entertainment Stake Increase And Other Select Boosts and Exits</h2>
Appaloosa Management increased its positions in Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) by adding 725,000 new shares to its portfolio. The move emphasizes Tepper&#8217;s confidence in the gaming industry, where Caesars holds a prominent position, particularly in the mobile wagering arena.
Appaloosa Management also added midstream oil company MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) and tech stalwarts, including Alibaba, Amazon and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). 
Notably, Appaloosa Management exited positions entirely in Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) and Enterprise Products Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
Also Read: <a href="https://www.benzinga.com/startups/23/10/35267489/the-elite-billionaires-of-sports-ownership-meet-the-top-10-richest-team-owners">The Elite Billionaires of Sports Ownership: Meet The Top 10 Richest Team Owners</a>
Appaloosa Management&#8217;s fourth-quarter portfolio changes reflect a nuanced approach to navigating market shifts. The fund&#8217;s entry into new sectors, adjustments in the tech landscape, and strategic exits demonstrate Tepper&#8217;s proactive stance. As the market continues to evolve, investors will closely watch Appaloosa&#8217;s moves for insights into Tepper&#8217;s outlook and tactical positioning.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36660992/if-you-invested-1-000-in-this-ai-stock-when-david-teppers-appaloosa-first-entered-y">If You Invested $1,000 In This AI Stock When David Tepper&#8217;s Appaloosa First Entered, You&#8217;d Have Over 3X Your Money Today</a>

David Tepper's Appaloosa Management Q1 Portfolio Positioning: More Caesers Entertainment, Alibaba, Amazon, Microsoft; Less Semiconductor Stocks

RBC Capital analyst Mike Dahl maintains Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) with a Outperform and lowers the price target from $183 to $175.

RBC Capital Maintains Outperform on Owens-Corning, Lowers Price Target to $175

Owens Corning beast Q1 top and bottom line estimates

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Owens-Corning (NYSE:<a href="https://investorplace.com/stock-quotes/oc-stock-quote/">OC</a>) just reported results for the first quarter of 2024.<ul><li>Owens-Corning reported earnings per share of $3.59. This was above the analyst estimate for EPS of $3.08.</li><li>The company reported revenue of $2.30 billion.</li><li>This was 0.88% better than the analyst estimate for revenue of $2.28 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/oc-stock-earnings-owens-corning-for-q1-of-2024/">OC Stock Earnings: Owens-Corning Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

OC Stock Earnings: Owens-Corning Beats EPS, Beats Revenue for Q1 2024

Owens Corning 2024 Q1 - Results - Earnings Call Presentation

Owens Corning (OC) Q1 2024 Earnings Call Transcript

Analysts fell to the sidelines weighing in on Owens Corning (OC – Research Report) and Boeing (BA – Research Report) with neutral ratings, indicati...

Analysts' Top Industrial Goods Picks: Owens Corning (OC), Boeing (BA)

In a report released yesterday, Michael Dahl from RBC Capital maintained a Buy rating on Owens Corning (OC – Research Report), with a price target ...

RBC Capital Remains a Buy on Owens Corning (OC)

In a report released today, Reuben Garner from Benchmark Co. maintained a Hold rating on Owens Corning (OC – Research Report). The company's shares...

Benchmark Co. Keeps Their Hold Rating on Owens Corning (OC)

Loop Capital Markets analyst Garik Shmois maintained a Buy rating on Owens Corning (OC – Research Report) today and set a price target of $188.00. ...

Loop Capital Markets Reaffirms Their Buy Rating on Owens Corning (OC)

Monthly Options Series: Earn A Potentially Consistent 10% Income (May 2024)

Masonite ticks higher after getting HSR approval for sale to Owens Corning

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Press Releases

MASONITE INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Masonite International Corporation – DOOR

Masonite International Corporation Reports 2023 Fourth Quarter and Full Year Financial Results

Owens Corning Publishes 2023 Sustainability Report

Owens Corning to Announce First-Quarter Financial Results on April 24

Owens Corning Commences Tender Offer and Masonite Commences Consent Solicitation

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million

Owens Corning and Masonite Extend Early Participation Deadline and Announce Successful Results of Early Participation in Tender Offer and Consent Solicitation

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Owens-Corning Stock (NYSE:OC), Short Interest Report

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