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OC · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Owens Corning (OC) stock moving?
Owens Corning reported Q3 2026 results on Nov 4 that missed consensus on both adjusted EPS ($2.44 vs $3.06) and sales ($2.489B vs $2.624B, down 7% year over year), with a net loss of $248M. Q4 sales guidance of $2.000B-$2.200B sat below the $2.253B estimate, and management pointed to housing market pressure. The stock nonetheless rallied on the day: after a low of $117.07 on Nov 3, it closed at $127.80 on Nov 4 on 3.50M shares, roughly 3x the 30-day average volume of about 1.1M. Analysts then reset targets over Nov 5-9. Five of seven covering firms in the feed keep positive ratings (Citi, UBS, Deutsche Bank, Wells Fargo, Evercore), while Truist (Hold) and RBC (Sector Perform) remain neutral. Targets now run from $119 (RBC) to $170 (UBS), and Wells Fargo was the only firm to raise its target, to $133. Since the Nov 9 high of $128.89, the shares have slipped to $122.97 on Nov 10 on lower volume (860K), still around the middle of the post-earnings range. The $117-118 area (Nov 3 low and late-October trading) and the $127-129 area (Nov 4 and Nov 9 highs) mark the recent range. Near-term direction depends on whether the lower guidance is seen as a trough, which the news flow does not settle.
News behind the analysis
- Owens Corning Reports Third-Quarter 2026 Financial ResultsOwens Corning reported a third-quarter net loss of $248 million and missed analyst estimates for both revenue and adjusted EPS.
- Owens Corning Forecasts Weak Q4 Sales Amid Housing Market PressureAdjusted EPS of $2.44 missed the $3.06 estimate and third-quarter revenue fell 7% year over year to $2.489B. The company guided Q4 sales to $2.000B-$2.200B, below the $2.253B consensus.
- Owens-Corning Q3 Adj. EPS $2.44 Misses $3.06 Estimate, Sales $2.489B Miss $2.624B EstimateThird-quarter adjusted EPS and sales both came in below consensus estimates.
- Owens-Corning Sees Q4 Sales $2.000B-$2.200B vs $2.253B EstThe company's Q4 sales outlook sits below the $2.253B consensus estimate.
- Wells Fargo Maintains Overweight Rating on Owens Corning, Raises Price TargetWells Fargo kept its Overweight rating and raised its price target from $125 to $133.
- RBC Capital Maintains Sector Perform Rating and Lowers Price Target on Owens CorningRBC Capital kept its Sector Perform rating and cut its price target from $127 to $119.
- Truist Securities Raises Price Target on Owens Corning to $120Truist kept its Hold rating and raised its price target from $115 to $120.
- Evercore ISI Group Maintains Outperform on Owens-Corning, Lowers Price Target to $169Evercore ISI kept its Outperform rating and lowered its price target to $169.
- UBS Adjusts Price Target on Owens Corning to $170 From $198UBS maintained its Buy rating and lowered its price target from $198 to $170.
- Citigroup Maintains Buy on Owens-Corning, Lowers Price Target to $156Citigroup kept its Buy rating and lowered its price target on Owens Corning, the most recent analyst action in the feed.
About Owens Corning
Owens Corning is a Toledo, Ohio-based maker of building products, best known for its pink fiberglass insulation and asphalt roofing shingles. After selling its glass reinforcements business in April 2026 and buying Masonite in 2024, it now focuses on residential building products, with roofing as its most profitable segment.
How it makes money
It sells products through distributors, home-improvement retailers and contractors in three main segments. Roofing makes shingles and related components and is the largest source of profit. Insulation covers residential and commercial fiberglass and foam. Doors makes residential interior and exterior doors and came from the Masonite deal. Revenue from continuing operations was roughly $9.5–10 billion over the past year. The company also returns cash through a quarterly dividend (about $0.79 per share) and share buybacks.
What usually moves OC
- US housing starts and repair/remodel activity
- Storm activity driving roofing replacement demand
- Pricing versus input costs like asphalt, energy and freight
- Interest rates and mortgage affordability
- Portfolio changes, buybacks and integrating the doors business