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Financial Advisory Firm's Owens Corning Stake Shrinks by $9.3 Million After Stock's 31% Fall
Yahoo Finance· 2026-01-07 15:02
Company Overview - Owens Corning is a leading global manufacturer in the building materials industry, focusing on insulation, roofing, and fiberglass composites, with a diversified segment structure that provides resilience and competitive differentiation in construction and infrastructure markets [2][5]. Recent Performance - As of January 5, 2026, Owens Corning shares were priced at $113.66, reflecting a decline of 32.13% over the prior year, and underperforming the S&P 500 by 48.69 percentage points during the same period [3]. - The company's stock has slumped approximately 31% over the last 12 months, attributed to a lukewarm construction market and a lack of significant severe weather [6]. Institutional Activity - Paradiem, a financial advisory firm, sold 58,221 shares of Owens Corning during the fourth quarter, resulting in a decline of $9,295,192 in the value of its Owens Corning position, which now represents 0.96% of its 13F assets [4]. Investment Considerations - Owens Corning's shares are currently trading at a price-to-sales (P/S) ratio of 0.92, near the stock's five-year low of 0.77 and below its five-year average of 1.24, suggesting potential value for investors [7].