Homebuilders Face Choppy Market, Barclays Maintains Overweight on Owens Corning (OC)

Owens Corning (NYSE:OC) is included among the 11 Worst Performing Dividend Stocks Year-to-Date.

Homebuilders Face Choppy Market, Barclays Maintains Overweight on Owens Corning (OC)

On December 8, Barclays reduced its price target for Owens Corning (NYSE:OC) to $130 from $131 and kept an Overweight rating on the stock. The update came as part of the firm’s 2026 outlook, and it updated its ratings and targets across the homebuilding and building products sector. Barclays expects another year of declines in single-family housing starts, and noted that the housing market “remains far from balanced.” The analyst added that this leaves homebuilder stocks “volatile, with no cycle call to be made.”

In its earnings for the third quarter of 2025, Owens Corning (NYSE:OC) highlighted challenging market conditions, which resulted in weakening residential trends in the US, impacting the company’s volumes in repair and remodel and new construction product lines. However, the company plans to overcome these near-market dynamics by maintaining a high level of safety.

Owens Corning (NYSE:OC) Prattville, Alabama, as the location for its new shingle plant in the Southeastern US. The plant is set to serve an underserved market and improve service throughout the company’s shingle network. In addition, from a cash point of view, the company also remained committed to delivering value to shareholders. During the quarter, it returned $278 million to investors through dividends and share repurchases.

On December 4, Owens Corning (NYSE:OC) also announced a 15% hike in its quarterly dividend to $0.79 per share.

Owens Corning (NYSE:OC) is an Ohio-based company that develops and manufactures insulation, roofing, and fiberglass composites and related products.

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