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Owens Corning (OC)

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179.40 -0.94 (-0.52%)
At close: November 4 at 4:00 PM EST
178.50 -0.90 (-0.50%)
After hours: 7:19 PM EST
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DELL
  • 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.com

18,000

Full Time Employees

December 31

Fiscal Year Ends

Recent News: OC

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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

OC
22.83%
S&P 500
19.77%

1-Year Return

OC
48.43%
S&P 500
31.07%

3-Year Return

OC
103.47%
S&P 500
22.57%

5-Year Return

OC
210.43%
S&P 500
86.27%

Compare To: OC

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Statistics: OC

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Valuation Measures

Annual
As of 11/1/2024
  • 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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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 2.79B
Earnings 285M
Q3'23
Q4'23
Q1'24
Q2'24
0
500M
1B
1.5B
2B
2.5B
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

165.00 Low
192.86 Average
179.40 Current
220.00 High
 

Company Insights: OC

Research Reports: OC

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  • The 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.

    Rating
    Price Target
     
  • The 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.

    Rating
    Price Target
     

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