Owens Corning (NYSE:OC) Price Target Raised to $148.00

Owens Corning (NYSE:OC) had its target price hoisted by equities research analysts at Royal Bank Of Canada from $134.00 to $148.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 21.01% from the company’s previous close.

OC has been the topic of several other research reports. Wells Fargo & Company upped their target price on Owens Corning from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial upped their price objective on Owens Corning from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday. Zacks Research upgraded Owens Corning from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Bank of America dropped their price objective 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. Finally, Citigroup dropped their price objective on Owens Corning from $137.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Owens Corning presently has an average rating of “Moderate Buy” and an average target price of $146.33.

Owens Corning Stock Down 0.6%

OC traded down $0.73 on Thursday, hitting $122.30. 536,679 shares of the company were exchanged, compared to its average volume of 1,387,865. Owens Corning has a 12 month low of $97.53 and a 12 month high of $159.42. The company has a market cap of $9.83 billion, a PE ratio of -19.13, a PEG ratio of 2.08 and a beta of 1.35. 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 stock’s fifty day moving average is $113.92 and its 200-day moving average is $117.03.

Owens Corning (NYSE:OC) last released its earnings results 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 positive return on equity of 21.93% and a negative net margin of 5.17%.The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company posted $2.97 earnings per share. Owens Corning’s revenue was down 10.5% on a year-over-year basis. Equities research analysts predict that Owens Corning will post 9.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Owens Corning

Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in Owens Corning during the fourth quarter worth approximately $29,000. Root Financial Partners LLC acquired a new stake in Owens Corning during the third quarter worth approximately $39,000. Measured Wealth Private Client Group LLC acquired a new stake in Owens Corning during the third quarter worth approximately $42,000. Harbour Investments Inc. grew its position in Owens Corning by 66.5% during the fourth quarter. Harbour Investments Inc. now owns 323 shares of the construction company’s stock worth $36,000 after buying an additional 129 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Owens Corning during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Trending Headlines about Owens Corning

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.