Owens Corning Stock Today
| OC Stock | USD 202.77 5.19 2.63% |
Performance12 of 100
| Odds Of DistressLess than 3
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Owens Corning is trading at 202.77 as of the 24th of November 2024, a 2.63 percent increase since the beginning of the trading day. The stock's open price was 197.58. Owens Corning has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Note, on November 15, 2024, Senator Tommy Tuberville of US Senate acquired $15k to $50k worth of Owens Corning's common stock.
Business Domain Capital Goods | IPO Date 1st of November 2006 | Category Industrials |
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio. Owens Corning operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. The company has 85.78 M outstanding shares of which 1.57 M shares are now sold short in the market by investors with about 2.28 days to cover all shorted shares. More on Owens Corning
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Moving against Owens Stock
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Owens Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | Brian Chambers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Building Products, Building Products & Equipment, Industrials, NYSE Composite, SP Midcap 400, PHLX Housing, Construction Materials, SRI Sustainable Growth, Industrials, Building Products, Building Products & Equipment, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsOwens Corning can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Owens Corning's financial leverage. It provides some insight into what part of Owens Corning's total assets is financed by creditors.
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Owens Corning (OC) is traded on New York Stock Exchange in USA. It is located in One Owens Corning Parkway, Toledo, OH, United States, 43659 and employs 18,000 people. Owens Corning is listed under Building Products category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a market capitalization of 17.39 B. Owens Corning is active under Building Products sector as part of Industrials industry. The entity has 85.78 M outstanding shares of which 1.57 M shares are now sold short in the market by investors with about 2.28 days to cover all shorted shares.
Owens Corning reports about 1.1 B in cash with 1.72 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.8.
Check Owens Corning Probability Of Bankruptcy
Ownership AllocationOwens Corning owns a total of 85.78 Million outstanding shares. The majority of Owens Corning outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Owens Corning to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Owens Corning. Please pay attention to any change in the institutional holdings of Owens Corning as this could imply that something significant has changed or is about to change at the company. On November 15, 2024, Senator Tommy Tuberville of US Senate acquired $15k to $50k worth of Owens Corning's common stock.
Check Owens Ownership Details
Owens Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Aqr Capital Management Llc | 2024-06-30 | 1.5 M | |
| Allianz Asset Management Ag | 2024-06-30 | 1.2 M | |
| Ameriprise Financial Inc | 2024-06-30 | 982.9 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 975.4 K | |
| Deutsche Bank Ag | 2024-06-30 | 926.5 K | |
| Bank Of America Corp | 2024-06-30 | 919.2 K | |
| Norges Bank | 2024-06-30 | 833.6 K | |
| Fmr Inc | 2024-09-30 | 758.4 K | |
| Northern Trust Corp | 2024-09-30 | 757.2 K | |
| Blackrock Inc | 2024-06-30 | 9.8 M | |
| Vanguard Group Inc | 2024-09-30 | 8.8 M |
Owens Corning Historical Income Statement
Owens Stock Against Markets
Owens Corning Corporate Directors
| Alfred Festa | Independent Director | Profile | |
| John Williams | Lead Independent Director | Profile | |
| Adrienne Elsner | Independent Director | Profile | |
| Paul Martin | Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Dividend Share 2.4 | Earnings Share 11.78 | Revenue Per Share 119.235 | Quarterly Revenue Growth 0.229 |
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.