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Last Price: 162.9 - Change: -0.64 - Change %: -0.3913
04/17/2024 16:10:00 EST

Owens Corning Inc (OC)

Industry: Building Products & Equipment

Price Support Resistance

In the past 20 trading days, OC has been trading in a range between $172.66 and $160.65 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.

Upside / Downside Potential

Owens Corning Inc $OC entered a Yellow zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $159.54, a potential down side of -2.06% from the recent price of 162.90. Our AI powered stock target predictor currently has a target price of $165.97 a potential move of 2%. The stock is trading 6.6% (potential upside) below its 52 week high of $173.65 and 68.88 % (potential downside) above its 52 week low of $96.46 - based on the recent price.

Company Summary

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.

OC Website

News

Owens Corning Commences Tender Offer and Masonite Commences Consent Solicitation
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 leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to purchase for cash (the “Tender Offer”) any and all outstanding 5.375% Senior Notes due 2028 issued by Masonite (the “Masonite Notes”) in connection with Owens Corning's a.
Source: Business Wire
Mon, 15 Apr 2024 16:10:00 -0400
Sentiment: Neutral
Are Investors Undervaluing Owens Corning (OC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Source: Zacks Investment Research
Tue, 09 Apr 2024 10:45:32 -0400
Sentiment: Positive
Owens Corning Inc (OC) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Owens Corning (OC). This makes it worthwhile to examine what the stock has in store.
Source: Zacks Investment Research
Mon, 08 Apr 2024 10:01:16 -0400
Sentiment: Positive
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 International Corporation (NYSE: DOOR) to Owens Corning (NYSE: OC). Under the terms of the proposed transaction, shareholders of Masonite will receive $133.00 in cash for each share of Masonite that they own. KSF is seeking to determine whether this consideration and the process that led to it are ade.
Source: Business Wire
Fri, 05 Apr 2024 14:24:00 -0400
Sentiment: Neutral
Owens Corning to Announce First-Quarter Financial Results on April 24
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) is scheduled to announce its first-quarter financial results on Wednesday, April 24, 2024, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/185236891 A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the en.
Source: Business Wire
Wed, 03 Apr 2024 07:30:00 -0400
Sentiment: Neutral
Instituions Institution %: 97.229
Last QTR Institution change: -1305195

Insiders
Insiders %: 0.914
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 50000
Insiders Net last QTR: -50000

Analyst Ratings
Target Price: 159.54
Overall Rating: 3.7143
Strong Buys (5): 4
Buys (4): 2
Holds (3): 8
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 173.65
52 Week Low: 96.4555
Beta: 1.465
50 Day MA: 157.3394
200 Day MA: 142.2629

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.114
Qtr Revenue Growth YOY: 0.008
Forward PE: 12.1655
Trailing PE: 12.4554

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