Wolfe Research has upgraded Owens Corning from “Peer Perform” to “Outperform,” setting a price target of \$178. This upgrade reflects confidence in the company’s robust financial performance and strategic initiatives.
In Q1 2025, Owens Corning reported a 25% year-over-year increase in net sales, reaching \$2.53 billion. The company’s adjusted EBITDA margin stood at 22%, marking the 19th consecutive quarter exceeding 20%, underscoring consistent operational excellence.
🧩 The recent acquisition of a Doors business contributed \$540 million in revenue, diversifying Owens Corning’s portfolio and enhancing its market position. Additionally, the planned divestiture of the glass reinforcements segment is expected to streamline operations and focus on core competencies.
📉 Despite a 7% decline in diluted EPS to \$2.95, the company’s strategic moves and sustained margins suggest a positive outlook. Wolfe Research’s upgrade indicates anticipated growth and resilience in Owens Corning’s business model.
💰 Dividend Fundamentals
📌 Annual Dividend: \$2.76 per share
📌 Dividend Yield: Approximately 2.04%
📌 Payout Ratio: 84.31%
📌 Dividend Growth: 15.18% over the past year
📌 Consecutive Years of Growth: 10 years
💵 Owens Corning’s commitment to returning value to shareholders is evident through its consistent dividend payments and share repurchase programs. In Q1 2025, the company returned \$159 million to shareholders via dividends and buybacks.