Owens Corning (OC)
- Previous Close
167.62 - Open
164.00 - Bid --
- Ask --
- Day's Range
161.91 - 170.98 - 52 Week Range
99.49 - 173.65 - Volume
1,087,922 - Avg. Volume
719,009 - Market Cap (intraday)
14.317B - Beta (5Y Monthly) 1.47
- PE Ratio (TTM)
13.36 - EPS (TTM)
12.37 - Earnings Date Jul 24, 2024 - Jul 29, 2024
- Forward Dividend & Yield 2.40 (1.45%)
- Ex-Dividend Date Mar 1, 2024
- 1y Target Est
170.63
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
Recent News: OC
Performance Overview: OC
Trailing total returns as of 4/24/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: OC
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Statistics: OC
Valuation Measures
Market Cap
14.32B
Enterprise Value
16.37B
Trailing P/E
13.36
Forward P/E
12.14
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
1.54
Price/Book (mrq)
2.74
Enterprise Value/Revenue
1.69
Enterprise Value/EBITDA
7.19
Financial Highlights
Profitability and Income Statement
Profit Margin
11.53%
Return on Assets (ttm)
9.69%
Return on Equity (ttm)
21.94%
Revenue (ttm)
9.65B
Net Income Avi to Common (ttm)
1.11B
Diluted EPS (ttm)
12.37
Balance Sheet and Cash Flow
Total Cash (mrq)
1.25B
Total Debt/Equity (mrq)
62.61%
Levered Free Cash Flow (ttm)
1.1B
Research Analysis: OC
Company Insights: OC
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
Research Reports: OC
Market Digest: FCX, FI, INCY, PG, STX, T, OC
Despite April Stumble, Positive Stock-Market Outlook for 2024
The Argus Mid-Cap Model Portfolio
Small- and mid-cap stocks (SMID) have underperformed large-caps over the past 12 months, but 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 global events. As well, the prices of SMID stocks generally are lower than the prices of large-caps. As well, there are long stretches in the record books when SMID stocks have outperformed large-caps. That said, SMID stocks can be risky. The standard deviation for monthly returns was 5.7% for SMID stocks over a 2003-2021 test period, versus 4.3% for large-caps. Still, despite the risks, diversified investors look to have exposure to small- and mid-caps based on the long-term performance record.
Technical Assessment: Neutral in the Intermediate-Term
West Texas Intermediate (WTI) crude oil closed at $79.60/barrel on Wednesday, as attempts to break to new rally highs above the $79/$80 region continue to be thwarted. However, the price action has been very tight over the past couple of weeks and crude looks like it is percolating under the surface. Oil is still working on a few higher highs and higher lows, but the rally since December 12 has been labored and, to our eye, does not look like an impulsive rally (which would imply a large move higher). This is the same type of action WTI saw back in May and June of 2023 before it took off, rallying from below $70 in early July to $95 by late September. To be confident in a big rally, any move over $80 should be somewhat steep and not just a slow crawl higher.
Technical Assessment: Neutral in the Intermediate-Term
Make it 16 out of 18 weeks to the upside, as the S&P 500 (SPX), Nasdaq, and Nasdaq 100 (QQQ) continue to witness relentless buying. Stocks were flat until the final two days of last week, when inflation worries were squashed by the January PCE report. It wasn't just stocks that reacted, as metals, oil, and bonds all popped on Friday. Bitcoin surged 21% last week and is closing in on its November 2021 all-time high near $69,000.