Owens Corning traded at $156.82 this Wednesday August 5th, increasing $11.29 or 7.76 percent since the previous trading session. Looking back, over the last four weeks, Owens Corning gained 6.83 percent. Over the last 12 months, its price rose by 11.35 percent. Looking ahead, we forecast Owens Corning to be priced at 135.96 by the end of this quarter and at 127.49 in one year, according to Trading Economics global macro models projections and analysts expectations.
Owens Corning is a provider of building and industrial materials. The Company manufactures and delivers a range of insulation, roofing, and fiberglass composite materials. It operates through three segments: Composites, Insulation, and Roofing. In the Composites segment, the Company manufactures, fabricates, and sells glass reinforcements in the form of fiber. Glass reinforcement materials are also used downstream by the Composites segment to manufacture and sell glass fiber products in the form of fabrics, non-wovens and other specialized products. Within the Insulation segment, the Company manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for both thermal and acoustical applications. Within the Roofing segment, the Company manufactures and sells residential roofing shingles, oxidized asphalt materials, roofing components used in residential and commercial construction and specialty applications, and synthetic packaging materials.