(OC) Owens Corning - Ratings and Ratios

Owens Corning Inc (NYSE:OC) is a leading global provider of innovative building materials and solutions, operating in the residential and commercial construction industries. The company is organized into four main segments: Roofing, Insulation, Doors, and Composites. It specializes in the production of asphalt roofing shingles, insulation products (including fiberglass, foam, and mineral wool), glass fiber reinforcements, and a range of doors and window systems. Owens Corning’s products are distributed to a wide network of distributors, retailers, contractors, and homebuilders across the United States, Europe, Asia Pacific, and other international markets. The company is known for its commitment to energy efficiency and sustainability in its products, aligning with global trends toward greener building solutions. Headquartered in Toledo, Ohio, Owens Corning has been a key player in the building materials industry since its incorporation in 1938.

From a technical perspective, Owens Corning’s stock (NYSE:OC) is currently trading at $137.10, below its 20-day SMA of $139.38 and significantly below its 50-day and 200-day SMAs of $149.04 and $169.67, respectively. The stock’s average trading volume over the past 20 days is approximately 1.02 million shares, with an ATR of 6.35, indicating moderate volatility. On the fundamental side, the company has a market capitalization of $11.79 billion, with a trailing P/E of 18.70 and a forward P/E of 9.49, suggesting expectations of improved earnings. The P/B ratio of 2.32 and P/S ratio of 1.07 reflect a valuation that is broadly in line with industry peers, while the return on equity (RoE) of 12.74% highlights decent profitability.

3-Month Forecast (Based on Technical and Fundamental Data): - Technical Outlook: The stock is likely to face resistance at its 50-day SMA ($149.04) and 200-day SMA ($169.67), with potential support near its current price level ($137.10) and the lower end of its recent trading range. The ATR of 6.35 suggests that price fluctuations of $6-8 per month are likely, depending on market sentiment and broader economic conditions. - Fundamental Outlook: The forward P/E of 9.49 indicates that analysts expect earnings growth, which could provide a catalyst for upward movement. However, the stock’s current valuation and technical weakness may limit near-term upside. Investors should monitor earnings reports, macroeconomic trends, and industry-specific developments for clearer direction.