Owens Corning shares rise amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 09 Jan 26
Owens Corning shares increased by 3.80%, reaching a 20-day high, supported by positive movements in the broader market.
This rise comes amid a notable reduction in institutional support, as Paradiem, LLC sold 58,221 shares of Owens Corning, leading to a valuation drop of $9.3 million. Despite this, the stock's performance is buoyed by the overall strength in the Nasdaq-100, which is up 0.91%, and the S&P 500, which is up 0.68%.
Investors are advised to remain cautious, as Owens Corning's stock is trading near a five-year low, reflecting competitive pressures in the building materials sector, despite the recent price increase.
Analyst Views on OC
Wall Street analysts forecast OC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OC is 135.42 USD with a low forecast of 113.00 USD and a high forecast of 163.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 120.570
Low
113.00
Averages
135.42
High
163.00
Current: 120.570
Low
113.00
Averages
135.42
High
163.00
About OC
Owens Corning is a building products company. The Company's segments include Roofing, Insulation and Doors. The Company's Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, roofing components and composite lumber primarily used in residential construction. This segment also manufactures and sells glass mat and specialty veil materials used in building and construction applications. Its Insulation segment manufactures and sells thermal and acoustical batts, loose fill insulation, spray foam insulation, wet used chopped strand, foam sheathing and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated stone wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications. The Company's Doors segment manufactures and sells interior and exterior doors and door systems primarily used in residential construction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
