Should I buy Owens Corning stock?
Owens Corning has a conensus rating of Moderate Buy which is based on 5 buy ratings, 7 hold ratings and 0 sell ratings. What is Owens Corning's price target? The average price target for Owens Corning is $166.18. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The Owens Corning Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Corning Inc.'s market capitalization is $27.87 B by 855.35 M shares outstanding. Is Corning stock a Buy, Sell or Hold? Corning stock has received a consensus rating of buy.
OC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 10.03, while its industry has an average P/E of 17.22. Over the past year, OC's Forward P/E has been as high as 12.28 and as low as 7.93, with a median of 10.23.
On average, Wall Street analysts predict that Corning's share price could reach $34.88 by Apr 11, 2025. The average Corning stock price prediction forecasts a potential upside of 10.75% from the current GLW share price of $31.49.
The average price target for Corning is $34.57. This is based on 8 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $40.00 ,the lowest forecast is $29.00. The average price target represents 6.24% Increase from the current price of $32.54.
Corning Incorporated's ( GLW ) ex-dividend date is February 28, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. Corning Incorporated ( GLW ) pays dividends on a quarterly basis.
| Name | Equities | % |
|---|---|---|
| AQR Capital Management LLC 1.902 % | 1,654,447 | 1.902 % |
| Invesco Advisers, Inc. 1.749 % | 1,521,093 | 1.749 % |
| Victory Capital Management, Inc. (Investment Management) 1.704 % | 1,481,937 | 1.704 % |
| Geode Capital Management LLC 1.682 % | 1,462,824 | 1.682 % |
Corning stock (symbol: GLW) underwent a total of 4 stock splits.
| Split date | Split Ratio |
|---|---|
| Feb 13, 1985 | 1/2 Stock Split |
| Feb 15, 1989 | 1/2 Stock Split |
| Feb 11, 1992 | 1/2 Stock Split |
| Oct 04, 2000 | 1/3 Stock Split |
What does OC mean in buying?
Resale Value. An occupancy certificate increases the resale value of a property. Buyers prefer properties with an OC as it assures them that the building is safe and legally compliant. A property without an OC may have difficulty finding buyers, which can affect its resale value.
And living in Orange County will come at a premium price. Especially when you consider that there are additional taxes that will impact your budget. The sales tax in Orange County is around 7.75%, which is lower than Los Angeles' 10%. However, it's still bigger than California's 6%.
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| Name | Equities | % |
|---|---|---|
| Vanguard Fiduciary Trust Co. 11.49 % | 98,247,508 | 11.49 % |
| The Vanguard Group, Inc. 11.49 % | 98,246,749 | 11.49 % |
| SAMSUNG ELECTRONICS CO., LTD. 9.353 % | 80,000,000 | 9.353 % |
| BlackRock Advisors LLC 5.609 % | 47,976,347 | 5.609 % |
Total debt on the balance sheet as of December 2023 : $8.48 B. According to Corning's latest financial reports the company's total debt is $8.48 B. A company's total debt is the sum of all current and non-current debts.
Failure to succeed in photonics and the collapse in 2000 of the dot-com market had a major impact on the company, and Corning stock plummeted to $1 per share.
Corning reported mixed fourth-quarter 2023 results, wherein the top line surpassed the Zacks Consensus Estimate, but the bottom line missed the same. The company witnessed a top-line contraction year over year due to sluggish demand trends in several verticals, including Optical Communications and Specialty Materials.
Fortune has released the 2022 list of Fortune 500 companies, and we're ranked among the top 300. This year Corning moved up 14 spaces to rank at #263.
Dow Corning Corporation, was an American multinational corporation headquartered in Midland, Michigan, United States, and was originally established as a joint venture between The Dow Chemical Company and Corning Incorporated. In 2016, Dow bought out Corning, making Dow Corning a 100% Dow subsidiary.
The Top 10 list of companies that have paid monthly dividends in 2022 includes ARMOUR Residential REIT, Inc., Orchid Island Capital, Inc., AGNC Investment Corp., Oxford Square Capital Corp., Ellington Residential Mortgage REIT, SLR Investment Corp., PennantPark Floating Rate Capital Ltd., Main Street Capital ...
What is the longest paid dividend?
- Eli Lilly and Co (LLY) -- YES. ...
- Consolidated Edison, Inc. ...
- UGI Corp (UGI) -- YES. ...
- Procter & Gamble Co. ...
- The Coca-Cola Co (KO) -- YES. ...
- Colgate-Palmolive Company (CL) -- YES. ...
- PPG Industries, Inc. (PPG) -- YES. ...
- Chubb Corp (CB) -- NO. Dividends Paid Since 1902.
How much is Corning's dividend? GLW pays a dividend of $0.28 per share. GLW's annual dividend yield is 3.44%. When is Corning ex-dividend date?
Number of shares outstanding as of April 2024 : 88,500,000
According to Owens Corning 's latest financial reports and stock price the company's current number of shares outstanding is 88,500,000. At the end of 2023 the company had 88,500,000 shares outstanding.
Brian Chambers
Mr. Chambers is Board Chair, President, and Chief Executive Officer at Owens Corning.
TOLEDO, Ohio – July 17, 2007 – Owens Corning (NYSE: OC) announced today that it has reached a definitive agreement to sell its Siding Solutions business to Saint-Gobain for $371 million. The sale includes the company's Norandex/Reynolds distribution business with 153 U.S. distribution centers in 38 states.
