<div id="readability-page-1"><p>Shares of Owens Corning Inc (NYSE:OC - Get Free Report) have been given an average recommendation of &#34;Hold&#34; by the seventeen ratings firms that are  covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned  a buy rating to  the company. The average 1-year price objective among analysts that have covered the stock in the last year is $155.5833.</p><ul><li>3 High-Potential Stocks Analysts Say Could Soar</li></ul><p>A number of equities analysts have recently issued reports on the stock. Wells Fargo &amp; Company reduced their target price on shares of Owens Corning from $150.00 to $130.00 and set an &#34;overweight&#34; rating on the stock in a research report on Monday, December 15th. Truist Financial reduced their price objective on Owens Corning from $165.00 to $135.00 and set a &#34;hold&#34; rating on the stock in a report on Thursday, October 9th. Evercore ISI decreased their price objective on Owens Corning from $121.00 to $117.00 and set an &#34;in-line&#34; rating on the stock in a research report on Thursday, December 4th. Barclays  set a $130.00 target price on Owens Corning in a research report on Monday, December 8th. Finally, UBS Group decreased their price target on Owens Corning from $210.00 to $179.00 and set a &#34;buy&#34; rating on the stock in a report on Thursday, November 6th.</p><div><p><span></span><span>Get <strong>Owens Corning</strong> alerts:</span></p></div><p><b>Read Our Latest Report on Owens Corning</b></p><h2>Owens Corning Stock Performance</h2><ul><li>MarketBeat Week in Review – 8/5 - 8/9</li></ul><p>Shares of NYSE:OC opened at $113.64 on Monday. The business has a fifty day moving average of $113.65 and a 200-day moving average of $132.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.86 and a current ratio of 1.40. Owens Corning has a twelve month low of $97.53 and a twelve month high of $192.96. The firm has a market cap of $9.34 billion, a PE ratio of -19.87, a price-to-earnings-growth ratio of 9.16 and a beta of 1.35. </p><p>Owens Corning (NYSE:OC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.03. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. Owens Corning had a negative net margin of 4.46% and a positive return on equity of 24.42%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.38 EPS.  On average, equities research analysts predict that  Owens Corning will post 15.49 EPS for the current fiscal year. </p><h2>Owens Corning Increases Dividend</h2><ul><li>Owens-Corning Stock: Good Value or Recession Red Flag?</li></ul><p>The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Monday, January 5th will be paid a $0.79 dividend. This is a boost from Owens Corning's previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Monday, January 5th. This represents a $3.16 annualized dividend and a dividend yield of 2.8%. Owens Corning's payout ratio is -48.25%. </p><h2>Institutional Investors Weigh In On Owens Corning</h2><p>A number of institutional investors and hedge funds have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new position in  Owens Corning in the second quarter valued at approximately $26,000.  Bangor Savings Bank bought a new position in shares of  Owens Corning in the 2nd quarter worth $28,000.  Rexford Capital Inc. acquired a new stake in shares of  Owens Corning during the second quarter worth $28,000.  Migdal Insurance &amp; Financial Holdings Ltd. bought a new stake in  Owens Corning in the second quarter valued at about $30,000.  Finally, Vermillion &amp; White Wealth Management Group LLC lifted its stake in  Owens Corning by 149.4% in the second quarter. Vermillion &amp; White Wealth Management Group LLC now owns 222 shares of the construction company's stock valued at $31,000 after buying an additional 133 shares during the period. 88.40% of the stock is owned by institutional investors. </p><h2>About Owens Corning</h2> (Get Free Report)<p>Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.  </p><p>The company's core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Owens Corning</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9D?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9D"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Owens Corning Right Now?</h2><p>Before you consider Owens Corning, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Owens Corning wasn't on the list.</p><p>While Owens Corning currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Owens Corning Inc (NYSE:OC) has received an average rating of "Hold" from analysts, with two sell ratings, five holds, and ten buy ratings. The average 1-year price target is $155.58. Recent price targets have been adjusted by various analysts, with Wells Fargo lowering it to $130.00 and UBS to $179.00. The company reported $3.67 EPS for the last quarter, exceeding estimates, but revenue was down 2.9% year-over-year. Owens Corning also announced a quarterly dividend increase to $0.79, with a yield of 2.8%.</p>

Owens Corning Inc (NYSE:OC) Receives Average Rating of "Hold" from Analysts