Owens Corning (NYSE: OC) is -12.55% lower on its value in year-to-date trading and has touched a low of $140.94 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 $144.03 in the last trading session, with the day’s gains setting it 4.92%.
Currently trading at $148.95, the stock is -11.14% and -14.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 3.42% at the moment leaves the stock -15.76% off its SMA200. OC registered -1.79% loss for a year compared to 6-month gain of -11.72%.
The stock witnessed a -17.30% loss in the last 1 month and extending the period to 3 months gives it a -27.56%, and is -3.50% 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 3.69% over the week and 3.16% over the month.
Owens Corning (OC) has around 25000 employees, a market worth around $12.74B and $10.97B in sales. Current P/E ratio is 20.49 and Fwd P/E is 9.11. Profit margin for the company is 5.90%. Distance from 52-week low is 5.68% and -30.57% 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 -5.50% this year
The shares outstanding are 85.40M, and float is at 84.62M with Short Float at 1.15%.
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
A total of 0 insider transactions have happened at Owens Corning (OC) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
Owens Corning (OC): Who are the competitors?
One of the company’s main competitors (and peers) include Corning Inc. (GLW) that is trading 43.37% up over the past 12 months.Masco Corp. (MAS) lies in the list of competitors of the Owens Corning and is -3.72% lower over the same period from OCPPG Industries Inc. (PPG) is -18.58% down on the 1-year trading charts.
