Owens Corning
About: Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. It generates maximum revenue from the Roofing segment. Its Roofing segment laminate and strip asphalt roofing shingles, roofing components, synthetic packaging materials, and oxidized asphalt. It meets the growing demand for longer-lasting, aesthetically attractive laminate products with modest capital investment. Geographically the company generates the majority of its revenue from the United States.
Employees: 18,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 87
1% more funds holding
Funds holding: 704 [Q2] → 711 (+7) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
3% less capital invested
Capital invested by funds: $13.7B [Q2] → $13.3B (-$347M) [Q3]
9% less repeat investments, than reductions
Existing positions increased: 242 | Existing positions reduced: 265
10% less call options, than puts
Call options by funds: $28.9M | Put options by funds: $32.1M
4.02% less ownership
Funds ownership: 90.79% [Q2] → 86.77% (-4.02%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
RBC Capital Mike Dahl 63% 1-year accuracy 22 / 35 met price target | 8%upside $217 | Outperform Maintained | 7 Nov 2024 |
Goldman Sachs Susan Maklari 59% 1-year accuracy 16 / 27 met price target | 2%downside $198 | Neutral Maintained | 7 Nov 2024 |
UBS John Lovallo 94% 1-year accuracy 15 / 16 met price target | 8%upside $218 | Buy Maintained | 7 Nov 2024 |
Wells Fargo Sam Reid 67% 1-year accuracy 10 / 15 met price target | 3%downside $195 | Equal-Weight Maintained | 7 Nov 2024 |
Evercore ISI Group Stephen Kim 69% 1-year accuracy 9 / 13 met price target | 3%downside $196 | In-Line Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 13 articles about OC published over the past 30 days
