Owens Corning Stock Buy Hold or Sell Recommendation
| OC Stock | USD 205.62 0.52 0.25% |
Allowing for the 90-day total investment horizon and your typical level of risk aversion, our recommendation regarding Owens Corning is 'Strong Buy'. Macroaxis provides Owens Corning buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding OC positions.
Check out Owens Corning Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide. In addition, we conduct extensive research on individual companies such as Owens and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.
Owens |
Execute Owens Corning Buy or Sell Advice
The Owens recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Owens Corning. Macroaxis does not own or have any residual interests in Owens Corning or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Owens Corning's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Owens Corning Trading Alerts and Improvement Suggestions
| Over 97.0% 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: Heres Why Owens Corning is a Strong Growth Stock |
Owens Corning Returns Distribution Density
The distribution of Owens Corning's historical returns is an attempt to chart the uncertainty of Owens Corning's future price movements. The chart of the probability distribution of Owens Corning daily returns describes the distribution of returns around its average expected value. We use Owens Corning price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Owens Corning returns is essential to provide solid investment advice for Owens Corning.
| Mean Return | 0.35 | Value At Risk | -2.36 | Potential Upside | 3.38 | Standard Deviation | 1.83 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Owens Corning historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Owens Stock Institutional Investors
| Shares | Ameriprise Financial Inc | 2024-09-30 | 1.1 M | T. Rowe Price Associates, Inc. | 2024-09-30 | 1 M | Aqr Capital Management Llc | 2024-09-30 | 983.6 K | Deutsche Bank Ag | 2024-06-30 | 926.5 K | Bank Of America Corp | 2024-06-30 | 919.2 K | Bank Of New York Mellon Corp | 2024-09-30 | 880.9 K | Schroder Investment Management Group | 2024-09-30 | 878.9 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 857.6 K | Norges Bank | 2024-06-30 | 833.6 K | Blackrock Inc | 2024-06-30 | 9.8 M | Vanguard Group Inc | 2024-09-30 | 8.8 M |
Owens Corning Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 35M | 189M | (227M) | (287M) | 148M | 155.4M | |
| Change In Cash | 94M | 545M | 242M | 141M | 516M | 541.8M | |
| Free Cash Flow | 590M | 828M | 1.1B | 1.3B | 1.2B | 1.3B | |
| Depreciation | 457M | 493M | 502M | 531M | 609M | 639.5M | |
| Other Non Cash Items | (15M) | 806M | (70M) | (81M) | (160M) | (152M) | |
| Capital Expenditures | 447M | 307M | 416M | 446M | 526M | 330.9M | |
| Net Income | 405M | (385M) | 995M | 1.2B | 1.2B | 1.3B | |
| End Period Cash Flow | 179M | 724M | 966M | 1.1B | 1.6B | 1.7B | |
| Dividends Paid | 95M | 104M | 108M | 136M | 188M | 197.4M | |
| Net Borrowings | (35M) | 278M | (189M) | (5M) | (5.8M) | (5.5M) | |
| Change To Netincome | 161M | 1.1B | 112M | 92M | 105.8M | 136.0M | |
| Change Receivables | 19M | (109M) | (28M) | (14M) | (16.1M) | (16.9M) | |
| Investments | 31M | 50M | (4M) | 44M | (269M) | (282.5M) |
Owens Corning Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Owens Corning or Building Products sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Owens Corning's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Owens stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 1.17 | |
σ | Overall volatility | 1.70 | |
Ir | Information ratio | 0.11 |
Owens Corning Volatility Alert
Owens Corning has relatively low volatility with skewness of -0.1 and kurtosis of 1.15. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Owens Corning's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Owens Corning's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Owens Corning Fundamentals Vs Peers
Comparing Owens Corning's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Owens Corning's direct or indirect competition across all of the common fundamentals between Owens Corning and the related equities. This way, we can detect undervalued stocks with similar characteristics as Owens Corning or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Owens Corning's fundamental indicators could also be used in its relative valuation, which is a method of valuing Owens Corning by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Owens Corning to competition |
| Fundamentals | Owens Corning | Peer Average |
| Return On Equity | 0.19 | -0.31 |
| Return On Asset | 0.0867 | -0.14 |
| Profit Margin | 0.1 % | (1.27) % |
| Operating Margin | 0.19 % | (5.51) % |
| Current Valuation | 23.1 B | 16.62 B |
| Shares Outstanding | 85.78 M | 571.82 M |
| Shares Owned By Insiders | 0.92 % | 10.09 % |
| Shares Owned By Institutions | 97.05 % | 39.21 % |
| Number Of Shares Shorted | 1.55 M | 4.71 M |
| Price To Earning | 13.22 X | 28.72 X |
| Price To Book | 3.14 X | 9.51 X |
| Price To Sales | 1.69 X | 11.42 X |
| Revenue | 9.68 B | 9.43 B |
| Gross Profit | 2.66 B | 27.38 B |
| EBITDA | 2.17 B | 3.9 B |
| Net Income | 1.19 B | 570.98 M |
| Cash And Equivalents | 1.1 B | 2.7 B |
| Cash Per Share | 7.80 X | 5.01 X |
| Total Debt | 3.27 B | 5.32 B |
| Debt To Equity | 0.68 % | 48.70 % |
| Current Ratio | 1.77 X | 2.16 X |
| Book Value Per Share | 65.54 X | 1.93 K |
| Cash Flow From Operations | 1.72 B | 971.22 M |
| Short Ratio | 2.09 X | 4.00 X |
| Earnings Per Share | 11.78 X | 3.12 X |
| Price To Earnings To Growth | 0.82 X | 4.89 X |
| Target Price | 202.65 | |
| Number Of Employees | 18 K | 18.84 K |
| Beta | 1.41 | -0.15 |
| Market Capitalization | 17.64 B | 19.03 B |
| Total Asset | 11.24 B | 29.47 B |
| Retained Earnings | 4.79 B | 9.33 B |
| Working Capital | 1.59 B | 1.48 B |
Note: Disposition of 2593 shares by Mendez-andino Jose of Owens Corning at 193.48 subject to Rule 16b-3 [view details]
Owens Corning Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Owens . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Owens Corning Buy or Sell Advice
When is the right time to buy or sell Owens Corning? Buying financial instruments such as Owens Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Owens Corning in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Owens Corning Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.
Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different 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.