Owens Corning (OC)
| Market Cap | 13.17B |
| Revenue (ttm) | 9.66B |
| Net Income (ttm) | 1.19B |
| Shares Out | 88.88M |
| EPS (ttm) | 13.04 |
| PE Ratio | 11.37 |
| Forward PE | 10.64 |
| Dividend | $2.40 (1.62%) |
| Ex-Dividend Date | Jan 5, 2024 |
| Volume | 390,089 |
| Open | 148.13 |
| Previous Close | 148.75 |
| Day's Range | 147.69 - 149.13 |
| 52-Week Range | 83.98 - 155.19 |
| Beta | 1.51 |
| Analysts | Buy |
| Price Target | 139.00 (-6.23%) |
| Earnings Date | Feb 14, 2024 |
About OC
Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, d... [Read more]
Financial Performance
In 2022, Owens Corning's revenue was $9.76 billion, an increase of 14.86% compared to the previous year's $8.50 billion. Earnings were $1.24 billion, an increase of 24.72%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for OC stock is "Buy." The 12-month stock price forecast is $139.0, which is a decrease of -6.23% from the latest price.
News
Owens Corning Earns Place on Dow Jones Sustainability World Index for 14th Consecutive Year
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) earned a place on the Dow Jones Sustainability World Index (DJSI World) for the 14th consecutive year and on the DJSI North America Index for th...
Owens Corning Announces 15% Dividend Increase
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a fourth-quarter cash dividend of $0.60 per common share, a 15% increase compared to th...
Owens Corning's Philanthropic Roof Deployment Project Crosses Milestone of Providing 500 Free Roofs to U.S. Veterans
TOLEDO, Ohio--(BUSINESS WIRE)--More than 500 U.S. military veterans and their loved ones are protected from the elements under high-quality roofs provided to them at no cost through the Owens Corning ...
Home-builder stocks fall as lowest affordability in nearly 40 years offsets upbeat sales data
The home-builder sector suffered a broad selloff Wednesday as a rise in Treasury yields, which highlighted concerns over generationally low housing affordability, offset data showing a big beat in new...
Owens Corning Delivers Net Sales of $2.5 Billion; Generates Net Earnings of $337 Million and Adjusted EBIT of $518 Million
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported third-quarter 2023 results. Reported Net Sales of $2.5 Billion, Similar to ...
Owens Corning Unveils 2024 Shingle Color of the Year: Williamsburg Gray
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today unveiled “Williamsburg Gray” as the 2024 Shingle Color of the Year (SCOTY). Offering a modern take on conventional shades of gray, William...
Owens Corning Earns Top 10 Ranking on 2023 List of 100 Best Corporate Citizens
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) has been named to the annual 100 Best Corporate Citizens ranking by 3BL. This ranking recognizes outstanding environmental, social and governanc...
Owens Corning Reports Progress on Shingle Recycling Initiatives
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) continues to advance toward its aspiration to create a circular shingle economy and divert waste from landfills. The company announced today tha...
5 Dividend Growth Stocks To Watch This Quarter
The safest dividend is usually the one that was just raised. Recession or no landing, bull or bear, these payers don't care.
Owens Corning to Announce Third-Quarter 2023 Financial Results on October 25
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its third-quarter 2023 financial results on Wednesday, October 25, 2023, before the New York Stock Exchange opens. The ...
Owens Corning Declares Third-Quarter 2023 Dividend
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.52 per common share. The dividend will be payable on No...
These 3 Wood Stocks are about to go on Discount
Coming up with an investment idea is the hardest part of the job. However, investors can add some worthwhile names to their watchlists after much - if not all - of the homework has been done for them.
Owens Corning Appears Insulated From High Rates
The building-products maker is benefiting from demand for new homes.
Owens Corning Appoints Nicolas Del Monaco President, Insulation
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that Nicolas Del Monaco has been appointed President of the company's global Insulation business effective September 15, 2023. M...
Owens Corning CFO stepping down
Owens Corning OC, -1.29% said late Thursday that Chief Financial Officer Ken Parks will be stepping down from his role effective Sept. 15 to “pursue another professional opportunity.
Owens Corning Announces Chief Financial Officer Transition
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that Chief Financial Officer Ken Parks will be stepping down from his role effective September 15 to pursue another professional...
Q&A With David Rabuano, Chief Sustainability Officer, Owens Corning
Originally published in Owens Corning's 2022 Sustainability Report NORTHAMPTON, MA / ACCESSWIRE / August 1, 2023 / In 2022, Owens Corning announced the promotion of David Rabuano to the position of Se...
Owens Corning Delivers Net Sales of $2.6 Billion; Generates Net Earnings of $345 Million and Adjusted EBIT of $534 Million
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported second-quarter 2023 results. Reported Net Sales of $2.6 Billion, Similar to...
Owens Corning to Announce Second-Quarter 2023 Financial Results on July 26
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its second-quarter 2023 financial results on Wednesday, July 26, 2023, before the New York Stock Exchange opens. The co...
4 Industrial Stocks to Consider for the 2nd Half of 2023
With the first half of 2023 coming to a close, investors may be interested in the stocks that have had strong performances so far this year.
Owens Corning Declares Second-Quarter 2023 Dividend
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.52 per common share. The dividend will be payable on Au...
Owens Corning Publishes 2022 Sustainability Report
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today published its 2022 Sustainability Report, Our Mission at Work, outlining the company's progress toward its 2030 sustainability goals. “In ...
Owens-Corning: Cyclical Return Potential for Patient Investors
It's not as exciting as a tech stock, but Owens-Corning ( OC , Financial) does provide cyclical return potential for investors, especially with the muted housing market expected to rebound once intere...
Owens Corning Named Among Top 50 Companies by DiversityInc
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that it has been recognized by DiversityInc as one of its Top 50 companies as leaders in workplace fairness and inclusion practi...