How to Buy Owens Corning Stock
Owens Corning
Owens Corning is a building product & equipment company located in Ohio, United States, which is part of the Basic Materials sector, and is traded under the ticker OC on the NYSE exchange.
Owens Corning stock last closed at $160.52, down 1.46% from the previous day, and has increased 60.36% in one year. It has overperformed other stocks in the Building Products & Equipment industry by 0.03 percentage points. Owens Corning stock is currently +63.76% from its 52-week low of $98.02, and -7.56% from its 52-week high of $173.65.
As of Apr 18, 2024, there are 87.01M OC shares outstanding. The market capitalization of OC is $13.97B. In the past 24 hours, 873,454 OC shares were traded.
How to Buy Owens Corning Stock
Not sure how to invest in Owens Corning stock? Here's how.
- Figure out where to buy Owens Corning stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Owens Corning stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your details.
- Evaluate Owens Corning stock: The Owens Corning ticker symbol is OC. Is Owens Corning stock a good investment? Should you buy shares of OC? How do OC's underlying business fundamentals look? Do top analysts think Owens Corning is a good buy? Why has OC's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if OC is a good stock to buy).
- Make your OC purchase: Decide if you will purchase OC shares at the current market price or use a limit order to buy OC shares at a given price.
- Get the latest news on your OC investment: Create a watchlist to track your position in Owens Corning shares.
Step 1: Figure out where to buy Owens Corning stock
You need a brokerage account to access the NYSE market and buy OC shares.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. Here's why:
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- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal information so you can buy OC stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the best stock app to use, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help depositing funds into your new investment account.
Step 4: Evaluate Owens Corning stock
After you have chosen the best place to buy Owens Corning stock, it's important to research their stock before you invest, so you can comprehend the risk and upside.
Owens Corning shares data
Owens Corning Due Diligence Checks
WallStreetZen was created to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on OC's stock page.
How is OC stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge OC's true value.
Using relative valuations methods:
- OC could be undervalued based on its P/E ratio of 12.1x, relative to Building Products & Equipment industry P/E ratio of 26.44x
- OC could be undervalued based on its P/B ratio of 2.7x, relative to Building Products & Equipment industry P/B ratio of 5.19x
- OC may be overvalued based on its PEG ratio of 2.75x
You can do more valuation analysis on OC's stock here.
OC Financial Health Overview
Passed Health Checks:
- Total OC debt is lower than 5 years ago, relative to shareholder equity.
- OC earnings of $1.67B is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the OC balance sheet.
- There are more short-term assets than short-term liabilities on the OC balance sheet.
- OC's operating cash flow of $1.72B allows it to safely service it's debt of $3.27B.
Failed Health Checks:
- OC profit margin has gone down from 12.7% to 12.4% in the past year.
- OC has a relatively high debt to equity ratio of 1.17.
Is OC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 9 Wall Street analysts who track OC, the consensus analyst rating on OC is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest OC Analyst Upgrades/Downgrades
Keith Hughes, a top 1% analyst from Truist Securities maintains OC with a hold rating and raises their OC price target from $115.00 to $145.00, on Feb 15, 2024.
Stephen Kim, a top 8% analyst from Evercore ISI Group downgrades OC to a hold rating and lowers their OC price target from $163.00 to $154.00, on Feb 15, 2024.
Susan Maklari, a bottom 11% analyst from Goldman Sachs maintains OC with a hold rating and raises their OC price target from $130.00 to $147.00, on Dec 14, 2023.
Matthew Bouley, a top 1% analyst from Barclays maintains OC with a strong buy rating and raises their OC price target from $153.00 to $176.00, on Dec 13, 2023.
You can dig deeper into what analysts are forecasting on the Owens Corning stock forecast page.
OC Trading Indicators
Is OC Growing Revenue?
Last year, OC earnings were $1.20B. Over the past 5 year, OC's earnings have increased by 21.85% per year. This was faster than the Building Products & Equipment industry average of 10.89%.
Last year, OC revenue was $9.68B. Over the past 5 year, OC's revenue has grown by 6.52% per year. This was slower than the Building Products & Equipment industry average of 7.84%.
You can analyze OC's earnings and revenue performance here.
Are OC executives and large shareholders buying or selling the stock?
Over the last 12 months, executives and large shareholders at OC have sold more shares than they have bought.
Eduardo E. Cordeiro, Director of OC, was the latest OC insider to buy. They bought $7,433.80 worth of OC shares on Apr 4, 2024.
Get more info about who owns OC shares here.
Can I rely on OC as an income stream?
Owens Corning pays a dividend of 1.4%, compared to the Building Products & Equipment industry's average dividend yield of 1.1%. If you owned $1,000 worth of OC stock, you would have been paid $13.95 in the past year.
Owens Corning dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Owens Corning dividend yield and history here.
What others are saying about OC
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your OC purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your OC investment
Now that you own some shares in OC, you'll want to stay up-to-date on your new investment.
Make a watchlist to get the latest updates about your OC stock.
OC Feed
How to Buy Stock in Owens Corning
To summarize, here are the 6 steps you need to take to buy Owens Corning stock right now:
- Figure out where to buy Owens Corning stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Owens Corning stock
- Make your OC purchase
- Get the latest news on your OC investment
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Owens Corning, add OC to your watchlist by clicking the button below.
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