Owens Corning (OC)

• Market cap: $16.1B
• 1 day: 2.51%
• 5 days: 8.76%
• 1 month: 9.57%
• 3 months: 0.57%
• 6 months: 5.18%
• Year to date: 10.62%
• 1 year: 21.24%
• 5 years: 181.52%
• 10 years: 405.18%
• Sector: Materials
• Industry: Abrasive, Asbestos & Miscellaneous Nonmetallic Mineral Products

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 Q3 regulatory filings by fund managers ($100M+ AUM)

24% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 75

1% more funds holding

Funds holding: 705 [Q2] → 714 (+9) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

2% less capital invested

Capital invested by funds: $13.7B [Q2] → $13.5B (-$236M) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 244 | Existing positions reduced: 266

10% less call options, than puts

Call options by funds: $28.9M | Put options by funds: $32.1M

3.31% less ownership

Funds ownership: 91.22% [Q2] → 87.91% (-3.31%) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $196 5% upside
• Avg. target: $215 15% upside
• High target: $245 31% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

Loop Capital Garik Shmois 60% 1-year accuracy 12 / 20 met price target	12% upside $210	Buy Maintained	10 Jan 2025
Citigroup Paul Lejuez 69% 1-year accuracy 24 / 35 met price target	11% upside $207	Buy Maintained	6 Jan 2025
Wells Fargo Sam Reid 27% 1-year accuracy 7 / 26 met price target	20% upside $225	Overweight Upgraded	17 Dec 2024
Barclays Matthew Bouley 46% 1-year accuracy 31 / 68 met price target	31% upside $245	Overweight Upgraded	11 Dec 2024
RBC Capital Mike Dahl 55% 1-year accuracy 31 / 56 met price target	16% upside $217	Outperform Maintained	7 Nov 2024