Owens Corning (NYSE: OC) is -9.37% lower on its value in year-to-date trading and has touched a low of $145.50 and a high of $214.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OC stock was last observed hovering at around $159.00 in the last trading session, with the day’s loss setting it -4.64%.
Currently trading at $154.36, the stock is -12.50% and -12.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing -2.92% at the moment leaves the stock -13.05% off its SMA200. OC registered 4.74% gain for a year compared to 6-month gain of -10.14%.
The stock witnessed a -19.26% loss in the last 1 month and extending the period to 3 months gives it a -21.87%, and is -11.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.66% over the week and 2.99% over the month.
Owens Corning (OC) has around 25000 employees, a market worth around $13.20B and $10.97B in sales. Current P/E ratio is 21.23 and Fwd P/E is 9.24. Profit margin for the company is 5.90%. Distance from 52-week low is 6.09% and -28.05% from its 52-week high. The company has generated returns on investments over the last 12 months (6.12%).
The EPS is expected to shrink by -3.34% this year
The shares outstanding are 85.40M, and float is at 84.69M with Short Float at 1.21%.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.79 million shares valued at $$1.7 billion. The investor’s holdings represent 11.2175 of the OC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.86 million shares valued at $$1.54 billion to account for 10.1476 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.99 million shares representing 4.5755 and valued at over $$693.91 million, while DAVIS SELECTED ADVISERS holds 2.6098 of the shares totaling 2.28 million with a market value of $$395.34 million.
Owens Corning (OC) Insider Activity
The most recent transaction is an insider sale by Ball Christopher O, the company’s President, Doors. SEC filings show that Ball Christopher O sold 2,113 shares of the company’s common stock on Feb 21 ’25 at a price of $165.46 per share for a total of $0.35 million. Following the sale, the insider now owns 26263.0 shares.
Still, SEC filings show that on Feb 14 ’25, Mendez-Andino Jose (EVP, Chief R&D Officer) disposed off 1,821 shares at an average price of $179.22 for $0.33 million. The insider now directly holds 11,853 shares of Owens Corning (OC).
