Is Owens Corning Stock a Good Investment?
Owens Corning Investment Advice | OC |
- Examine Owens Corning's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Owens Corning's leadership team and their track record. Good management can help Owens Corning navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Building Products space and any emerging trends that could impact Owens Corning's business and its evolving consumer preferences.
- Compare Owens Corning's performance and market position to its competitors. Analyze how Owens Corning is positioned in terms of product offerings, innovation, and market share.
- Check if Owens Corning pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Owens Corning's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Owens Corning stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Owens Corning is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Owens Corning Stock
Researching Owens Corning's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are owned by institutional investors. The book value of Owens Corning was now reported as 65.54. The company has Price/Earnings To Growth (PEG) ratio of 0.82. Owens Corning recorded earning per share (EPS) of 11.78. The entity last dividend was issued on the 18th of October 2024.
To determine if Owens Corning is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Owens Corning's research are outlined below:
| Owens Corning has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| On 4th of November 2024 Owens Corning paid $ 0.6 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Why Owens Corning is a Top Growth Stock for the Long-Term |
Owens Corning Quarterly Liabilities And Stockholders Equity |
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Owens Corning uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Owens Corning. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Owens Corning's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Owens Corning's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Owens Corning's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2009-02-18 | 2008-12-31 | 0.15 | 0.13 | -0.02 | 13 | ||
1998-04-15 | 1998-03-31 | 0.1 | 0.12 | 0.02 | 20 | ||
1998-01-29 | 1997-12-31 | 0.08 | 0.05 | -0.03 | 37 | ||
2011-02-16 | 2010-12-31 | 0.19 | 0.23 | 0.04 | 21 | ||
2008-07-30 | 2008-06-30 | 0.21 | 0.25 | 0.04 | 19 | ||
2015-02-11 | 2014-12-31 | 0.42 | 0.47 | 0.05 | 11 | ||
2013-02-20 | 2012-12-31 | 0.16 | 0.11 | -0.05 | 31 | ||
2008-05-07 | 2008-03-31 | 0.02 | 0.07 | 0.05 | 250 |
Know Owens Corning's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Owens Corning is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Owens Corning backward and forwards among themselves. Owens Corning's institutional investor refers to the entity that pools money to purchase Owens Corning's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Aqr Capital Management Llc | 2024-06-30 | 1.5 M | Allianz Asset Management Ag | 2024-06-30 | 1.2 M | Fmr Inc | 2024-06-30 | 1.1 M | Citadel Advisors Llc | 2024-06-30 | 1.1 M | Ameriprise Financial Inc | 2024-06-30 | 982.9 K | Bank Of New York Mellon Corp | 2024-06-30 | 975.4 K | Deutsche Bank Ag | 2024-06-30 | 926.5 K | Bank Of America Corp | 2024-06-30 | 919.2 K | Northern Trust Corp | 2024-06-30 | 915.7 K | Blackrock Inc | 2024-06-30 | 9.8 M | Vanguard Group Inc | 2024-06-30 | 8.9 M |
Owens Corning's market capitalization trends
The company currently falls under 'Large-Cap' category with a market capitalization of 16.36 B.Market Cap |
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Owens Corning's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.14 | 0.15 | |
| Return On Capital Employed | 0.20 | 0.21 | |
| Return On Assets | 0.11 | 0.11 | |
| Return On Equity | 0.23 | 0.24 |
Determining Owens Corning's profitability involves analyzing its financial statements and using various financial metrics to determine if Owens Corning is a good buy. For example, gross profit margin measures Owens Corning's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Owens Corning's profitability and make more informed investment decisions.
Owens Corning's Earnings Breakdown by Geography
Please note, the presentation of Owens Corning's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Owens Corning's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Owens Corning's management manipulating its earnings.
Evaluate Owens Corning's management efficiency
Owens Corning has Return on Asset (ROA) of 0.0867 % which means that for every $100 of assets, it generated a profit of $0.0867. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1913 %, which means that it produced $0.1913 on every 100 dollars invested by current stockholders. Owens Corning's management efficiency ratios could be used to measure how well Owens Corning manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.15. The current year's Return On Capital Employed is expected to grow to 0.21. At present, Owens Corning's Other Current Assets are projected to decrease significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 4.1 B, whereas Total Assets are forecasted to decline to about 7.1 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 57.82 | 60.72 | |
| Tangible Book Value Per Share | 25.42 | 26.69 | |
| Enterprise Value Over EBITDA | 6.93 | 4.82 | |
| Price Book Value Ratio | 2.59 | 2.71 | |
| Enterprise Value Multiple | 6.93 | 4.82 | |
| Price Fair Value | 2.59 | 2.71 | |
| Enterprise Value | 2.5 B | 2.7 B |
Owens Corning showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Dividend Yield 0.0126 | Forward Dividend Yield 0.0126 | Forward Dividend Rate 2.4 | Beta 1.406 |
Basic technical analysis of Owens Stock
As of the 13th of November 2024, Owens Corning holds the Coefficient Of Variation of 566.58, risk adjusted performance of 0.1417, and Semi Deviation of 1.5. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Owens Corning, as well as the relationship between them.Owens Corning's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Owens Corning insiders, such as employees or executives, is commonly permitted as long as it does not rely on Owens Corning's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Owens Corning insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Owens Corning's Outstanding Corporate Bonds
Owens Corning issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Owens Corning uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Owens bonds can be classified according to their maturity, which is the date when Owens Corning has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Owens Corning's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Owens Corning's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1417 | |||
| Market Risk Adjusted Performance | 0.2761 | |||
| Mean Deviation | 1.45 | |||
| Semi Deviation | 1.5 | |||
| Downside Deviation | 1.8 | |||
| Coefficient Of Variation | 566.58 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.59 | |||
| Information Ratio | 0.0873 | |||
| Jensen Alpha | 0.1306 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0918 | |||
| Treynor Ratio | 0.2661 | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 3.38 | |||
| Downside Variance | 3.25 | |||
| Semi Variance | 2.24 | |||
| Expected Short fall | (1.60) | |||
| Skewness | (0) | |||
| Kurtosis | 1.04 |
| Risk Adjusted Performance | 0.1417 | |||
| Market Risk Adjusted Performance | 0.2761 | |||
| Mean Deviation | 1.45 | |||
| Semi Deviation | 1.5 | |||
| Downside Deviation | 1.8 | |||
| Coefficient Of Variation | 566.58 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.59 | |||
| Information Ratio | 0.0873 | |||
| Jensen Alpha | 0.1306 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0918 | |||
| Treynor Ratio | 0.2661 | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 3.38 | |||
| Downside Variance | 3.25 | |||
| Semi Variance | 2.24 | |||
| Expected Short fall | (1.60) | |||
| Skewness | (0) | |||
| Kurtosis | 1.04 |
Consider Owens Corning's intraday indicators
Owens Corning intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Owens Corning stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 17029.44 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 192.24 | |||
| Day Typical Price | 191.72 | |||
| Price Action Indicator | (2.97) | |||
| Period Momentum Indicator | (2.79) | |||
| Relative Strength Index | 52.21 |
Owens Corning Corporate Filings
F4 | 12th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 6th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 11th of July 2024 Other Reports | ViewVerify | |
| 28th of June 2024 Other Reports | ViewVerify |
Owens Stock media impact
Far too much social signal, news, headlines, and media speculation about Owens Corning that are available to investors today. That information is available publicly through Owens media outlets and privately through word of mouth or via Owens internal channels. However, regardless of the origin, that massive amount of Owens data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Owens Corning news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Owens Corning relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Owens Corning's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Owens Corning alpha.
Owens Corning Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Owens Corning can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Owens Corning Historical Investor Sentiment
Investor biases related to Owens Corning's public news can be used to forecast risks associated with an investment in Owens. The trend in average sentiment can be used to explain how an investor holding Owens can time the market purely based on public headlines and social activities around Owens Corning. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Owens Corning's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Owens Corning and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Owens Corning news discussions. The higher the estimate score, the more favorable the investor's outlook on Owens Corning.
Owens Corning Corporate Directors
| Alfred Festa | Independent Director | Profile | |
| John Williams | Lead Independent Director | Profile | |
| Adrienne Elsner | Independent Director | Profile | |
| Paul Martin | Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Dividend Share 2.4 | Earnings Share 11.78 | Revenue Per Share 119.235 | Quarterly Revenue Growth 0.229 |
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Owens Corning's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.