Owens Corning (NYSE: OC) is -19.78% lower on its value in year-to-date trading and has touched a low of $123.40 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 $138.21 in the last trading session, with the day’s loss setting it -1.58%.
Currently trading at $136.63, the stock is -3.13% and -10.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing -1.14% at the moment leaves the stock -20.34% off its SMA200. OC registered -16.62% loss for a year compared to 6-month loss of -27.12%. The firm has a 50-day simple moving average (SMA 50) of $152.0914 and a 200-day simple moving average (SMA200) of $171.52126.
The stock witnessed a -5.69% gain in the last 1 month and extending the period to 3 months gives it a -23.89%, and is -3.32% 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 4.68% over the week and 4.81% over the month.
Owens Corning (OC) has around 25000 employees, a market worth around $11.69B and $10.97B in sales. Current P/E ratio is 18.79 and Fwd P/E is 8.59. Profit margin for the company is 5.90%. Distance from 52-week low is 10.72% and -36.31% from its 52-week high. The company has generated returns on investments over the last 12 months (6.12%).
with sales reaching $2.52B over the same period.The EPS is expected to shrink by -8.95% this year, but quarterly earnings will post -3.65% year-over-year. Quarterly sales are estimated to grow 9.37% in year-over-year returns.
1114.0 institutions hold shares in Owens Corning (OC), with institutional investors hold 97.01% of the company’s shares. The shares outstanding are 85.40M, and float is at 84.66M with Short Float at 1.46%. Institutions hold 96.11% of the Float.
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 11.2304 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 4.5808 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 MORRIS W HOWARD, the company’s Director. SEC filings show that MORRIS W HOWARD sold 272 shares of the company’s common stock on Mar 07 ’25 at a price of $144.29 per share for a total of $39247.0. Following the sale, the insider now owns 41722.0 shares.
Still, SEC filings show that on Feb 21 ’25, Ball Christopher O (President, Doors) disposed off 2,113 shares at an average price of $165.46 for $0.35 million. The insider now directly holds 26,263 shares of Owens Corning (OC).
