Owens Corning (NYSE: OC) declared a quarterly cash dividend of $0.79 per share, payable August 6, 2026 to shareholders of record on July 20. The building materials company trades near $144 per share with a market cap of approximately $11.6 billion and a forward dividend yield near 2.2 percent. First-quarter 2026 results exceeded expectations, with earnings per share of $1.22 against a consensus estimate of $0.89.
Key dividend and stock data
The $0.79 quarterly dividend annualizes to $3.16 per share at current rates. The stock goes ex-dividend on July 20, 2026. Owens Corning has benefited from strong demand in roofing, insulation, and composites, driven by residential construction activity and repair spending. The company’s 52-week range spans $97.53 to $159.91, reflecting significant appreciation in 2026.
Year-to-date gains stand at approximately 28 to 29 percent. One-month returns have ranged from 15 to 19 percent, depending on the measurement window. The stock trades at a trailing P/E that reflects GAAP earnings volatility, but analysts focus on normalized earnings power in the mid-$9 to $10 per share range for full-year 2026.
| Metric | Value |
|---|---|
| Recent stock price | ~$144 |
| Market cap | ~$11.6 billion |
| Quarterly dividend | $0.79 per share |
| Annual dividend (estimated) | $3.16 per share |
| Dividend yield | ~2.2% |
| Q1 2026 EPS | $1.22 (beat $0.89 estimate) |
| 52-week range | $97.53 – $159.91 |
Business segments and market position
Owens Corning operates through three primary segments: Roofing, Insulation, and Composites. The Roofing segment serves residential and commercial construction markets with asphalt shingles and accessories. Insulation products include fiberglass and foam insulation for thermal and acoustic applications. Composites produces glass fiber reinforcements used in automotive, wind energy, and industrial applications.
The company holds a leading market share in North American roofing shingles. Its insulation products benefit from building code trends that require higher energy efficiency standards. The composites division serves growing end markets, including wind turbine blades and automotive lightweighting. Management has emphasized capital allocation toward high-return segments while maintaining disciplined cost control.
Analyst outlook and price targets
Analysts at Jefferies maintain a Buy rating on Owens Corning with a price target of $170. They cite favorable residential repair demand and the company’s ability to pass through raw material costs. Stephens analysts assign an Overweight rating with a $165 target, noting that roofing demand remains resilient despite mortgage rate headwinds.
Mizuho Securities analysts recently raised their fair value estimate to $155, driven by stronger-than-expected first-quarter margins. The consensus target among surveyed firms clusters in the mid-$150s, with some upside calls near $190. Overall sentiment is Moderate Buy, reflecting confidence in near-term earnings execution.
Risks to watch for investors
Owens Corning faces cyclical exposure to residential construction, which slows when mortgage rates rise and housing starts decline. The company’s composites segment is tied to industrial activity and wind energy investment, both of which can fluctuate with policy changes. Raw material costs for asphalt, glass fiber, and resin can pressure margins if price increases lag input inflation.
Investors should monitor second-quarter 2026 results for commentary on roofing volume trends. The stock has risen sharply from its 52-week low, so valuation risk exists if earnings growth stalls. Geographic concentration in North America limits diversification compared with global peers.
Per-$100K income comparison for dividend investors
An investor allocating $100,000 to Owens Corning at $144 per share would hold approximately 694 shares. At the $0.79 quarterly dividend, that position generates roughly $548 per quarter, or about $2,192 annually. This compares favorably to the S&P 500 average yield of approximately 1.4 percent, though it trails higher-yielding REITs and utilities.
| Stock | Price | Quarterly Dividend | Shares per $100K | Annual Income per $100K |
|---|---|---|---|---|
| Owens Corning (OC) | ~$144 | $0.79 | 694 | ~$2,192 |
| Procter & Gamble (PG) | ~$175 | $1.0885 | 571 | ~$2,486 |
| Delta Air Lines (DAL) | ~$84 | $0.215 | 1,190 | ~$1,024 |
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