Owens Corning (OC)

NYSE: OC · IEX Real-Time Price · USD
167.81
+0.60 (0.36%)
Mar 28, 2024, 11:50 AM EDT - Market open
0.36%
Market Cap 14.37B
Revenue (ttm) 9.68B
Net Income (ttm) 1.20B
Shares Out 86.99M
EPS (ttm) 13.14
PE Ratio 12.73
Forward PE 11.71
Dividend $2.40 (1.43%)
Ex-Dividend Date Mar 1, 2024
Volume 63,861
Open 166.00
Previous Close 167.21
Day's Range 165.58 - 167.93
52-Week Range 91.51 - 167.92
Beta 1.46
Analysts Buy
Price Target 155.82 (-7.08%)
Earnings Date Apr 24, 2024

About OC

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 b... [Read more]

Sector Industrials
Founded 1938
Employees 18,000
Stock Exchange NYSE
Ticker Symbol OC
Full Company Profile

Financial Performance

In 2023, Owens Corning's revenue was $9.68 billion, a decrease of -0.86% compared to the previous year's $9.76 billion. Earnings were $1.20 billion, a decrease of -3.63%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for OC stock is "Buy." The 12-month stock price forecast is $155.82, which is a decrease of -7.08% from the latest price.

Price Target
$155.82
(-7.08% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Owens Corning Publishes 2023 Sustainability Report

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today published its 2023 Sustainability Report, Making the Difference, outlining the company's progress toward its 2030 sustainability goals. “O...

9 days ago - Business Wire

MASONITE INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Masonite International Corporation – DOOR

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Masonite Interna...

Other symbols: DOOR
5 weeks ago - Business Wire

Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported fourth-quarter and full-year 2023 results. Reported Net Sales of $9.7 Billi...

6 weeks ago - Business Wire

Owens Corning Buys Door Maker Masonite International for $3.9 Billion

Shares of Masonite International (DOOR) surged to an all-time high after the door maker struck a deal to be bought out by building and construction materials manufacturer Owens Corning (OC) for $3.9 b...

Other symbols: DOOR
6 weeks ago - Investopedia

Owens Corning to Buy Masonite International in $3.9 Billion Deal

Owens Corning, a Toledo, Ohio, maker of building and construction materials, said the addition of Masonite's doors business creates a new growth platform.

Other symbols: DOOR
6 weeks ago - WSJ

Masonite's stock rockets toward its best day in 15 years after $3.9 billion buyout deal with Owens Corning

Shares of Masonite International Corp. DOOR, +1.42% rocketed 34% toward its best day in 15 years in premarket trading Friday, after the doors maker agreed to be acquired by construction materials comp...

Other symbols: DOOR
6 weeks ago - Market Watch

Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials

TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leadi...

Other symbols: DOOR
6 weeks ago - Business Wire

Owens Corning Initiates Review of Strategic Alternatives for Glass Reinforcements Business as part of Transformative Move to Strengthen Position in Building and Construction Materials

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today announced that the company has decided to review strategic alternatives for its glob...

6 weeks ago - Business Wire

Owens Corning Declares First-Quarter 2024 Dividend

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on Ap...

7 weeks ago - Business Wire

Owens Corning to Announce Fourth-Quarter and Full-Year 2023 Financial Results on February 14

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its fourth-quarter and full-year 2023 financial results on Wednesday, February 14, 2024, before the New York Stock Exch...

2 months ago - Business Wire

Owens Corning Earns Place on Dow Jones Sustainability World Index for 14th Consecutive Year

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) earned a place on the Dow Jones Sustainability World Index (DJSI World) for the 14th consecutive year and on the DJSI North America Index for th...

3 months ago - Business Wire

Owens Corning Announces 15% Dividend Increase

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a fourth-quarter cash dividend of $0.60 per common share, a 15% increase compared to th...

3 months ago - Business Wire

Owens Corning's Philanthropic Roof Deployment Project Crosses Milestone of Providing 500 Free Roofs to U.S. Veterans

TOLEDO, Ohio--(BUSINESS WIRE)--More than 500 U.S. military veterans and their loved ones are protected from the elements under high-quality roofs provided to them at no cost through the Owens Corning ...

5 months ago - Business Wire

Home-builder stocks fall as lowest affordability in nearly 40 years offsets upbeat sales data

The home-builder sector suffered a broad selloff Wednesday as a rise in Treasury yields, which highlighted concerns over generationally low housing affordability, offset data showing a big beat in new...

5 months ago - Market Watch

Owens Corning Delivers Net Sales of $2.5 Billion; Generates Net Earnings of $337 Million and Adjusted EBIT of $518 Million

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a global building and construction materials leader, today reported third-quarter 2023 results. Reported Net Sales of $2.5 Billion, Similar to ...

5 months ago - Business Wire

Owens Corning Unveils 2024 Shingle Color of the Year: Williamsburg Gray

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today unveiled “Williamsburg Gray” as the 2024 Shingle Color of the Year (SCOTY). Offering a modern take on conventional shades of gray, William...

5 months ago - Business Wire

Owens Corning Earns Top 10 Ranking on 2023 List of 100 Best Corporate Citizens

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) has been named to the annual 100 Best Corporate Citizens ranking by 3BL. This ranking recognizes outstanding environmental, social and governanc...

5 months ago - Business Wire

Owens Corning Reports Progress on Shingle Recycling Initiatives

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) continues to advance toward its aspiration to create a circular shingle economy and divert waste from landfills. The company announced today tha...

5 months ago - Business Wire

5 Dividend Growth Stocks To Watch This Quarter

The safest dividend is usually the one that was just raised. Recession or no landing, bull or bear, these payers don't care.

Other symbols: APLECOKEMARSVC
6 months ago - Forbes

Owens Corning to Announce Third-Quarter 2023 Financial Results on October 25

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its third-quarter 2023 financial results on Wednesday, October 25, 2023, before the New York Stock Exchange opens. The ...

6 months ago - Business Wire

Owens Corning Declares Third-Quarter 2023 Dividend

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.52 per common share. The dividend will be payable on No...

6 months ago - Business Wire

Factbox: Stocks to watch as Idalia makes landfall in Florida

Florida is bracing for Tropical Storm Idalia as it intensifies into a major hurricane on Monday before making landfall on the state's Gulf Coast by Wednesday morning.

Other symbols: AIGALLBECNGNRCHDLOWNEE
7 months ago - Reuters

Owens Corning Appears Insulated From High Rates

The building-products maker is benefiting from demand for new homes.

7 months ago - WSJ

Owens Corning Appoints Nicolas Del Monaco President, Insulation

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that Nicolas Del Monaco has been appointed President of the company's global Insulation business effective September 15, 2023. M...

7 months ago - Business Wire

Owens Corning CFO stepping down

Owens Corning OC, -1.29% said late Thursday that Chief Financial Officer Ken Parks will be stepping down from his role effective Sept. 15 to “pursue another professional opportunity.

7 months ago - Market Watch