- Owens Corning (OC, Financial) maintains a steady dividend and plans a significant share buyback.
- Analyst forecasts reveal a promising 30.91% potential upside for OC stock.
- GuruFocus estimates show a 19.37% growth based on their GF Value metric.
Owens Corning (OC) has reaffirmed its commitment to shareholders by declaring a steady quarterly dividend of $0.69 per share, resulting in a forward yield of 2.11%. The dividend is scheduled for distribution on August 7, with a record date of July 21. In an exciting development, the company has also launched a share buyback initiative, authorizing the repurchase of up to 12 million shares. This strategy underscores Owens Corning's confidence in its financial stability and commitment to enhancing shareholder value.
Wall Street Analysts' Forecast
Analysts have set a one-year average price target for Owens-Corning Inc (OC, Financial) at $170.96. This target is derived from insights by 15 analysts, with projections ranging between a high of $218.00 and a low of $146.00. The average target indicates a potential upside of 30.91% from Owens Corning's current price of $130.59, presenting a potentially lucrative opportunity for investors. For comprehensive details, investors can explore the Owens-Corning Inc (OC) Forecast page.
Brokerage houses share a positive outlook on Owens-Corning Inc (OC, Financial), with the average recommendation from 19 firms being 2.1. This "Outperform" status is part of a rating system where 1 denotes a Strong Buy and 5 indicates a Sell.
GuruFocus Valuation Metric
According to GuruFocus estimates, the projected GF Value for Owens-Corning Inc (OC, Financial) in the upcoming year stands at $155.89. This is an indicator of a 19.37% upside from its current market price of $130.59. The GF Value represents the fair trading value of the stock, calculated from historical trade multiples, prior business growth, and anticipated future performance. Investors seeking further insights can visit the Owens-Corning Inc (OC) Summary page.
The strategic actions and strong forecasts reflect Owens Corning's robust market position and potential for investors seeking a balanced mix of income and growth in their portfolio.
