How to buy Owens Corning stock | $106.65

Owens Corning is a building products & equipment business based in the US. Owens Corning shares (OC) are listed on the NYSE and all prices are listed in US Dollars. Owens Corning employs 19,000 staff and has a trailing 12-month revenue of around 0.00.

Owens Corning stock price (NYSE: OC)

Use our graph to track the performance of OC stocks over time.

Owens Corning shares at a glance

• Key figures

Information last updated 2021-07-30.

Latest market close	$106.65
52-week range	$59.90 - $109.59
50-day moving average	$95.68
200-day moving average	$92.91
Wall St. target price	$109.75
PE ratio	10.8945
Dividend yield	$1.02 (1.06%)
Earnings per share (TTM)	$8.82

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Is it a good time to buy Owens Corning stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Owens Corning by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Owens Corning price performance over time

Historical closes compared with the close of $106.65 from 2021-05-28

1 week (2021-07-22)	N/A
1 month (2021-07-02)	8.42%
3 months (2021-04-30)	10.16%
6 months (2021-01-29)	N/A

1 year (2020-07-29)	N/A
2 years (2019-07-29)	N/A
3 years (2018-07-29)	N/A
5 years (2016-07-29)	N/A

Is Owens Corning under- or over-valued?

Valuing Owens Corning stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Owens Corning's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Owens Corning's P/E ratio

Owens Corning's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Owens Corning shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Owens Corning's PEG ratio

Owens Corning's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.8213. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Owens Corning's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Owens Corning's EBITDA

Owens Corning's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.8 billion.

The EBITDA is a measure of a Owens Corning's overall financial performance and is widely used to measure a its profitability.

Owens Corning financials

Revenue TTM	$8 billion
Operating margin TTM	16.22%
Gross profit TTM	$1.6 billion
Return on assets TTM	8.37%
Return on equity TTM	24.15%
Profit margin	11.85%
Book value	$39.86
Market capitalisation	$9.9 billion

TTM: trailing 12 months

Shorting Owens Corning shares

There are currently 2.2 million Owens Corning shares held short by investors – that's known as Owens Corning's "short interest". This figure is 10.2% down from 2.4 million last month.

There are a few different ways that this level of interest in shorting Owens Corning shares can be evaluated.

Owens Corning's "short interest ratio" (SIR)

Owens Corning's "short interest ratio" (SIR) is the quantity of Owens Corning shares currently shorted divided by the average quantity of Owens Corning shares traded daily (recently around 838783.84615385). Owens Corning's SIR currently stands at 2.6. In other words for every 100,000 Owens Corning shares traded daily on the market, roughly 2600 shares are currently held short.

However Owens Corning's short interest can also be evaluated against the total number of Owens Corning shares, or, against the total number of tradable Owens Corning shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Owens Corning's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Owens Corning shares in existence, roughly 20 shares are currently held short) or 0.0214% of the tradable shares (for every 100,000 tradable Owens Corning shares, roughly 21 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Owens Corning.

Find out more about how you can short Owens Corning stock.

Owens Corning's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Owens Corning.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Owens Corning's total ESG risk score

Total ESG risk: 20.16

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Owens Corning's overall score of 20.16 (as at 12/31/2018) is excellent – landing it in it in the 15th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Owens Corning is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Owens Corning's environmental score

Environmental score: 11.48/100

Owens Corning's environmental score of 11.48 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Owens Corning is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Owens Corning's social score

Social score: 8.41/100

Owens Corning's social score of 8.41 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Owens Corning is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Owens Corning's governance score

Governance score: 9.27/100

Owens Corning's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Owens Corning is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Owens Corning's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Owens Corning scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Owens Corning has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Owens Corning was last rated for ESG on: 2019-01-01.

Total ESG score	20.16
Total ESG percentile	14.58
Environmental score	11.48
Environmental score percentile	7
Social score	8.41
Social score percentile	7
Governance score	9.27
Governance score percentile	7
Level of controversy	2

Owens Corning share dividends

Dividend payout ratio: 19.14% of net profits

Recently Owens Corning has paid out, on average, around 19.14% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.08% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Owens Corning shareholders could enjoy a 1.08% return on their shares, in the form of dividend payments. In Owens Corning's case, that would currently equate to about $1.02 per share.

While Owens Corning's payout ratio might seem low, this can signify that Owens Corning is investing more in its future growth.

Owens Corning's most recent dividend payout was on 5 August 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 July 2021 (the "ex-dividend date").

Owens Corning share price volatility

Over the last 12 months, Owens Corning's shares have ranged in value from as little as $59.9018 up to $109.5903. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Owens Corning's is 1.5468. This would suggest that Owens Corning's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Owens Corning overview

Owens Corning manufactures and markets a range of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aviation, automotive, industrial containers, and wind-energy applications in the building and construction, transportation, consumer, industrial, and power and energy markets. The Insulation segment manufactures and sells fiberglass insulation for residential, commercial, industrial, and other markets for thermal and acoustical applications; and manufactures and sells glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials.

Frequently asked questions

What percentage of Owens Corning is owned by insiders or institutions?
Currently 1.382% of Owens Corning shares are held by insiders and 98.57% by institutions. How many people work for Owens Corning?
Latest data suggests 19,000 work at Owens Corning. When does the fiscal year end for Owens Corning?
Owens Corning's fiscal year ends in December. Where is Owens Corning based?
Owens Corning's address is: One Owens Corning Parkway, Toledo, OH, United States, 43659 What is Owens Corning's ISIN number?
Owens Corning's international securities identification number is: US6907421019 What is Owens Corning's CUSIP number?
Owens Corning's Committee on Uniform Securities Identification Procedures number is: 690742101