- Previous Close
180.34 - Open
180.09 - Bid 173.91 x 800
- Ask 180.49 x 800
- Day's Range
179.18 - 183.99 - 52 Week Range
120.17 - 191.44 - Volume
504,159 - Avg. Volume
715,398 - Market Cap (intraday)
15.599B - Beta (5Y Monthly) 1.40
- PE Ratio (TTM)
15.16 - EPS (TTM)
11.83 - Earnings Date Nov 6, 2024
- Forward Dividend & Yield 2.40 (1.33%)
- Ex-Dividend Date Oct 18, 2024
- 1y Target Est
192.86
Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. 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 composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.
www.owenscorning.com18,000
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Performance Overview: OC
Trailing total returns as of 11/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: OC
View MoreValuation Measures
Market Cap
15.68B
Enterprise Value
21.51B
Trailing P/E
15.24
Forward P/E
11.06
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
1.63
Price/Book (mrq)
2.87
Enterprise Value/Revenue
2.18
Enterprise Value/EBITDA
10.11
Financial Highlights
Profitability and Income Statement
Profit Margin
10.66%
Return on Assets (ttm)
8.39%
Return on Equity (ttm)
19.86%
Revenue (ttm)
9.87B
Net Income Avi to Common (ttm)
1.05B
Diluted EPS (ttm)
11.83
Balance Sheet and Cash Flow
Total Cash (mrq)
254M
Total Debt/Equity (mrq)
110.10%
Levered Free Cash Flow (ttm)
746.63M
Research Analysis: OC
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View MoreThe Argus Mid-Cap Model Portfolio
Small- and mid-cap stocks (SMID), despite bursts of outperformance, have underperformed large-caps year to date - as they have over the past five years. But they may be in a better position to generate market-beating returns going forward. SMID companies tend to focus on domestic markets, so their businesses could be less disrupted by the fallout from unrest in the Middle East, the Russian invasion of Ukraine, issues in China, or other geopolitical developments. As well, the prices of SMID stocks generally are lower than the prices of large-caps. SMID stocks can be risky, but despite those risks, diversified investors look to have exposure to small- and mid-caps based on the long-term performance record. We estimate that 20% of the U.S. stock market's capitalization is comprised of SMID stocks.
Recent weakness offers buying opportunity
Owens Corning is a leading global manufacturer of composite and building materials. The company's products range from glass fiber used to reinforce composite materials for the transportation, electronics, marine, infrastructure, wind-energy and other high-performance markets, to insulation and roofing for residential, commercial and industrial applications. The company has 18,000 employees. The shares are a component of the S&P 400 Mid-Cap index.
RatingPrice TargetThe major benchmarks are mixed after an in-line consumer price index.
The major benchmarks are mixed after an in-line consumer price index. The headline CPI increased 0.2% in July, in line with the consensus. The year-over-over-year figure was 2.9%, below the 3.0% consensus. Core CPI (excluding food and energy) was a bit higher at 3.2%, with the overall number benefiting from easing energy prices. Inflation is making slow progress toward the Federal Reserve's 2% goal, and we note the latest year-over-year figure was the first sub-3% reading since early 2021, which could enable the Fed to ease interest rates in September.
Raising target
Owens Corning is a leading global manufacturer of composite and building materials. The company's products range from glass fiber used to reinforce composite materials for the transportation, electronics, marine, infrastructure, wind-energy and other high-performance markets, to insulation and roofing for residential, commercial and industrial applications. The company has 18,000 employees. The shares are a component of the S&P 400 Mid-Cap index.
RatingPrice Target