Owens Corning Stock Analysis

OC Stock  USD 205.10  2.83  1.36%   
Owens Corning is overvalued with Real Value of 192.56 and Target Price of 159.54. The main objective of Owens Corning stock analysis is to determine its intrinsic value, which is an estimate of what Owens Corning is worth, separate from its market price. There are two main types of Owens Corning's stock analysis: fundamental analysis and technical analysis.
The Owens Corning stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Owens Corning's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.

Owens Stock Analysis Notes

About 97.0% of the company shares are owned by institutional investors. The book value of Owens Corning was now reported as 65.54. The company has Price/Earnings To Growth (PEG) ratio of 0.82. Owens Corning recorded earning per share (EPS) of 11.63. The entity last dividend was issued on the 18th of October 2024. Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio. Owens Corning operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. It employs 20000 people. To find out more about Owens Corning contact Brian Chambers at 419 248 8000 or learn more at https://www.owenscorning.com.

Owens Corning Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Owens Corning's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Owens Corning or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Owens Corning has a strong financial position based on the latest SEC filings
Over 97.0% of the company shares are owned by institutional investors
On 4th of November 2024 Owens Corning paid $ 0.6 per share dividend to its current shareholders
Latest headline from zacks.com: Owens Corning Inc Is a Trending Stock Facts to Know Before Betting on It

Owens Corning Upcoming and Recent Events

Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Owens Corning previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
14th of February 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
14th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Owens Largest EPS Surprises

Earnings surprises can significantly impact Owens Corning's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2009-02-18
2008-12-310.150.13-0.0213 
1998-04-15
1998-03-310.10.120.0220 
1998-01-29
1997-12-310.080.05-0.0337 
View All Earnings Estimates

Owens Corning Environmental, Social, and Governance (ESG) Scores

Owens Corning's ESG score is a quantitative measure that evaluates Owens Corning's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Owens Corning's operations that may have significant financial implications and affect Owens Corning's stock price as well as guide investors towards more socially responsible investments.

Owens Corning Thematic Classifications

In addition to having Owens Corning stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
SRI Sustainable Growth Idea
SRI Sustainable Growth
Large and mid-sized companies that operate under the guidelines of socially responsible investing - SRI
Construction Materials Idea
Construction Materials
USA Equities from Construction Materials industry as classified by Fama & French

Owens Stock Institutional Investors

Shares
Aqr Capital Management Llc2024-06-30
1.5 M
Allianz Asset Management Ag2024-06-30
1.2 M
Ameriprise Financial Inc2024-06-30
982.9 K
Bank Of New York Mellon Corp2024-06-30
975.4 K
Deutsche Bank Ag2024-06-30
926.5 K
Bank Of America Corp2024-06-30
919.2 K
Norges Bank2024-06-30
833.6 K
Fmr Inc2024-09-30
758.4 K
Northern Trust Corp2024-09-30
757.2 K
Blackrock Inc2024-06-30
9.8 M
Vanguard Group Inc2024-09-30
8.8 M
Note, although Owens Corning's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Owens Market Capitalization

The company currently falls under 'Large-Cap' category with a market capitalization of 17.84 B.

Owens Profitablity

The company has Net Profit Margin (PM) of 0.1 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.19 %, which signifies that for every $100 of sales, it has a net operating income of $0.19.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.14  0.15 
Return On Capital Employed 0.20  0.21 
Return On Assets 0.11  0.11 
Return On Equity 0.23  0.24 

Management Efficiency

Owens Corning has Return on Asset (ROA) of 0.0867 % which means that for every $100 of assets, it generated a profit of $0.0867. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1913 %, which means that it produced $0.1913 on every 100 dollars invested by current stockholders. Owens Corning's management efficiency ratios could be used to measure how well Owens Corning manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.15. The current year's Return On Capital Employed is expected to grow to 0.21. At present, Owens Corning's Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Return On Tangible Assets is expected to grow to 0.15, whereas Total Assets are forecasted to decline to about 7.1 B.
Last ReportedProjected for Next Year
Book Value Per Share 57.82  60.72 
Tangible Book Value Per Share 25.42  26.69 
Enterprise Value Over EBITDA 6.93  6.24 
Price Book Value Ratio 2.59  2.71 
Enterprise Value Multiple 6.93  6.24 
Price Fair Value 2.59  2.71 
Enterprise Value2.5 B2.7 B
Owens Corning showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Dividend Yield
0.0115
Operating Margin
0.1875
Profit Margin
0.0992
Forward Dividend Yield
0.0115
Beta
1.406

Technical Drivers

As of the 28th of November, Owens Corning holds the Semi Deviation of 1.47, coefficient of variation of 553.39, and Risk Adjusted Performance of 0.1443. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Owens Corning, as well as the relationship between them.

Owens Corning Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Owens Corning middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Owens Corning. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Owens Corning Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Owens Corning insiders, such as employees or executives, is commonly permitted as long as it does not rely on Owens Corning's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Owens Corning insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Owens Corning Outstanding Bonds

Owens Corning issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Owens Corning uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Owens bonds can be classified according to their maturity, which is the date when Owens Corning has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Owens Corning Predictive Daily Indicators

Owens Corning intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Owens Corning stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Owens Corning Corporate Filings

F4
21st of November 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
14th of November 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
12th of November 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
6th of November 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
23rd of September 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
19th of September 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
11th of September 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
27th of August 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify

Owens Corning Forecast Models

Owens Corning's time-series forecasting models are one of many Owens Corning's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Owens Corning's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Owens Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Owens Corning prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Owens shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Owens Corning. By using and applying Owens Stock analysis, traders can create a robust methodology for identifying Owens entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.16  0.17 
Operating Profit Margin 0.19  0.20 
Net Profit Margin 0.12  0.13 
Gross Profit Margin 0.28  0.24 

Current Owens Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Owens analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Owens analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
159.54Buy17Odds
Owens Corning current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Owens analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Owens stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Owens Corning, talking to its executives and customers, or listening to Owens conference calls.
Owens Analyst Advice Details

Owens Stock Analysis Indicators

Owens Corning stock analysis indicators help investors evaluate how Owens Corning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Owens Corning shares will generate the highest return on investment. By understating and applying Owens Corning stock analysis, traders can identify Owens Corning position entry and exit signals to maximize returns.
Begin Period Cash Flow1.1 B
Long Term Debt2.6 B
Common Stock Shares Outstanding91 M
Total Stockholder Equity5.2 B
Tax Provision394 M
Quarterly Earnings Growth Y O Y-0.016
Property Plant And Equipment Net4.1 B
Cash And Short Term Investments1.6 B
Cash1.6 B
Accounts Payable1.2 B
Net Debt1.7 B
50 Day M A184.3618
Total Current Liabilities2.3 B
Other Operating Expenses7.9 B
Non Current Assets Total7.3 B
Forward Price Earnings12.7551
Non Currrent Assets Other313 M
Stock Based Compensation51 M

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When running Owens Corning's price analysis, check to measure Owens Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Corning is operating at the current time. Most of Owens Corning's value examination focuses on studying past and present price action to predict the probability of Owens Corning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Corning's price. Additionally, you may evaluate how the addition of Owens Corning to your portfolios can decrease your overall portfolio volatility.
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