Owens Corning

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Open: 151.73 Close: 148.21 Change: -3.52

Are you looking for information about Owens Corning? We programmed an AI to summarize it for you.

This document will help you to evaluate Owens Corning without reading an infinite amount of sources. Relying only on stock quotes or prices to make investment decisions is a mistake. Analyzing and observing stock charts, highs and lows and other numerical data does not allow to evaluate the real value of a company. Stock quotes and prices are the result of underlying characteristics of a company and of events and news happening around them. For this reason, investing must be based on information, not numbers. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about Owens Corning are: Owens, Corning, Masonite, OC, stock, expect, Cornings, …

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Stock Summary

Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials. It operates in three segments: Composites, Insulation, and Roofing. The Insulation segment manufactures and sells thermal and acoust.

Today's Summary

Owens Corning has reached a deal to acquire Masonite International for $3.9 billion in cash. Masonites ( DOOR) stock jumped 34% in premarket trading Friday. The acquisition will increase Owens Cornings revenue to $12.6 billion.

Today's News

Analysts offer insights on industrial goods companies: owens corning (oc) and construction partners (road) Analysts Offer Insights on Industrial Goods Companies: Owens Corning (OC) and Construction Partners (ROAD) Analysts remain cautiously optimistic about OC stock, with a Moderate Buy consensus rating based on eight Buys and four Holds. Owens Corning stock has increased by more than 53% over the past year. Average OC price target of $166.92 implies an upside potential of 12.63% at current levels. Owens Corning stock pulled back 2.5%, after closing at record highs the past two sessions. Masonites stock has rallied 20.4% over the past three months through Thursday, while Owens Cornings shares have run up 31%. Owens Corning (OC) has reached a deal to acquire Masonite International ( NYSE: DOOR ) for $3.9 billion in cash. Masonites ( DOOR) stock jumped 34% in premarket trading Friday. Masonite operates 64 manufacturing and distribution facilities, primarily in North America. Owens Corning announced an exciting project with Mark Worman, the creator and star of Graveyard Carz. The acquisition will increase Owens Cornings revenue to $12.6 billion. The acquisition is expected to close in the middle of the year, subject to approvals from Masonite shareholders and regulators. Owens Corning will pay $133 for each outstanding Masonite share (DOOR) The addition of Masonites market-leading doors business creates a new growth platform The deal is expected to close in mid-2024. Owens Corning expects cost synergies of approximately $125 million annually, generated through scale and operational savings, with the majority realized by the end of Year 2 post-close. The acquisition drives meaningful shareholder value creation with ROIC exceeding Owens Cornings cost of capital by the. end of. Year 3 post-closing, Owens Corling expects net debt-to-EBITDA to be. below 2X and posting Siganned frontalFinancial flownizza390 heed stimSpecific Shen subsidy Owens Corning to acquire Masonite in $3.9 billion deal. Building and construction materials company based in Toledo, Ohio, has agreed to acquire the door manufacturer in a $3 billion deal, the companies announced Friday. Find out how OC keeps evolving product innovation to make a material difference. Meet Stéphanie Hans, who has 13 years of service at Owens Corning, and was recently promoted European Customer Care Leader of the Insulation business. Owens Corning and Masonite will release their fourth-quarter and full-year 2023 earnings results on February 14, 2024, and February 19, 2024. The acquisition of Masonite and entry into doors adds a highly complementary line of innovative products and advances Owens Cornings strategy to expand its building materials offering in residential applications. Owens Corling expects cost synergies of approximately $125 million annually.

Stock Profile

"Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The company was incorporated in 1938 and is headquartered in Toledo, Ohio."

Keywords

Are looking for the most relevant information about Owens Corning? Investor spend a lot of time searching for information to make investment decisions in Owens Corning. This task is often burdensome and consumes huge amounts of free time. It also leads to mistakes due to fatigue and bounded rationality. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about Owens Corning are: Owens, Corning, Masonite, OC, stock, expect, Cornings, and the most common words in the summary are: corn, owen, owens, stock, masonite, market, job, . One of the sentences in the summary was: Masonites ( DOOR) stock jumped 34% in premarket trading Friday. Other searches related to this term that the AI found were: stockmarketlive, livestock, stockmarketforbeginners, thestockmarket, stockmarkettoday, stockmarkettrading, stockmarketstocks, todaystockmarket, thestockmarket, marketnews, stockmarketnews, whatisstockmarket, usstockmarket, stockmarketopen. #corn #owen #owens #stock #masonite #market #job.

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