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 Q4 regulatory filings by fund managers ($100M+ AUM)
154% more call options, than puts
Call options by funds: $57.5M | Put options by funds: $22.6M
73% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 62
2% more funds holding
Funds holding: 717 [Q3] → 734 (+17) [Q4]
0.11% more ownership
Funds ownership: 87.92% [Q3] → 88.02% (+0.11%) [Q4]
5% less capital invested
Capital invested by funds: $13.5B [Q3] → $12.9B (-$640M) [Q4]
12% less repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 277
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Loop Capital Garik Shmois 45% 1-year accuracy 10 / 22 met price target | 27%upside $210 | Buy Maintained | 10 Jan 2025 |
Citigroup Paul Lejuez 61% 1-year accuracy 23 / 38 met price target | 25%upside $207 | Buy Maintained | 6 Jan 2025 |
Wells Fargo Sam Reid 28% 1-year accuracy 8 / 29 met price target | 36%upside $225 | Overweight Upgraded | 17 Dec 2024 |
Barclays Matthew Bouley 34% 1-year accuracy 23 / 68 met price target | 48%upside $245 | Overweight Upgraded | 11 Dec 2024 |
Financial journalist opinion
Based on 26 articles about OC published over the past 30 days
