Wells Fargo & Company Issues Positive Forecast for Owens Corning (NYSE:OC) Stock Price

Owens Corning (NYSE:OC) had its price target upped by stock analysts at Wells Fargo & Company from $135.00 to $150.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 22.45% from the stock’s current price.

Several other equities analysts also recently weighed in on OC. Royal Bank Of Canada set a $143.00 price target on shares of Owens Corning in a report on Friday, January 9th. Citigroup dropped their price objective on Owens Corning from $137.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Bank of America decreased their price target on Owens Corning from $140.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Barclays reduced their price objective on shares of Owens Corning from $138.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Truist Financial set a $125.00 price target on shares of Owens Corning and gave the company a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Owens Corning has an average rating of “Moderate Buy” and a consensus price target of $145.92.

Owens Corning Trading Down 0.4%

OC stock traded down $0.53 during mid-day trading on Thursday, reaching $122.50. 336,451 shares of the stock traded hands, compared to its average volume of 1,384,938. Owens Corning has a one year low of $97.53 and a one year high of $159.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.70 and a current ratio of 1.26. The business has a 50-day moving average price of $113.92 and a two-hundred day moving average price of $117.03. The stock has a market capitalization of $9.85 billion, a PE ratio of -19.22, a PEG ratio of 2.08 and a beta of 1.35.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.21. Owens Corning had a negative net margin of 5.17% and a positive return on equity of 21.93%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $2.97 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities research analysts expect that Owens Corning will post 9.45 EPS for the current year.

Institutional Trading of Owens Corning

Institutional investors and hedge funds have recently made changes to their positions in the company. Pitcairn Co. boosted its holdings in Owens Corning by 4.6% in the second quarter. Pitcairn Co. now owns 1,821 shares of the construction company’s stock valued at $250,000 after acquiring an additional 80 shares during the last quarter. First Pacific Financial lifted its position in Owens Corning by 2.3% during the first quarter. First Pacific Financial now owns 3,749 shares of the construction company’s stock valued at $406,000 after buying an additional 85 shares in the last quarter. Archer Investment Corp grew its stake in Owens Corning by 13.3% during the third quarter. Archer Investment Corp now owns 748 shares of the construction company’s stock worth $106,000 after buying an additional 88 shares during the period. Viawealth LLC increased its holdings in Owens Corning by 3.6% during the 4th quarter. Viawealth LLC now owns 2,563 shares of the construction company’s stock worth $287,000 after purchasing an additional 88 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Owens Corning by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,170 shares of the construction company’s stock valued at $343,000 after purchasing an additional 90 shares in the last quarter. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning News Roundup

Here are the key news stories impacting Owens Corning this week:

• Positive Sentiment: Q1 beat: Adjusted EPS of $1.22 topped consensus ($1.01) and revenue of ~$2.27B beat estimates. The company also reported solid adjusted EBITDA and operating metrics that investors viewed as resilience in a slower market. Read More.
• Positive Sentiment: Revenue guidance raised for Q2: management issued a revenue range (~$2.6B–$2.7B) above Street consensus (~$2.5B), signaling better near?term demand than feared. Read More.
• Positive Sentiment: Analyst sentiment supports upside: published average price target near $145, implying upside from current levels for some investors. Read More.
• Neutral Sentiment: Conference call & filings available — full transcript and slides provide management commentary on mix, pricing, and the completed portfolio shift to branded building products for deeper diligence. Read More. • Read More.
• Positive Sentiment: Market reaction: early headlines framed Q1 as “bullish” and the stock initially rallied on the beat + guidance lift, reflecting investor appetite for companies showing margin resilience. Read More.
• Negative Sentiment: Material year?over?year decline: reported revenue and EPS are down significantly vs. prior year (revenue down ~10.5% YoY; EPS from $2.97 to $1.22), underscoring cyclical pressure and that current results include adjustments — a risk to re?rating. Read More.
• Negative Sentiment: Profitability / metric noise: some sources show low/negative net margin metrics on reported basis (adjustments drive the difference between GAAP and adjusted results), and the company carries leverage that investors will watch as volumes fluctuate. Read More.

About Owens Corning

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.