Owens Corning reports strong Q3 earnings, despite a major investor reducing their shares.

Owens Corning saw a 33.6% reduction in shares held by Point72 DIFC Ltd in Q3, though other investors increased their holdings. The company reported strong Q3 earnings of $4.38 per share, beating estimates, with a 22.9% revenue increase to $3.05 billion. Institutional investors own 88.40% of the stock, and the company has a "Moderate Buy" rating with a price target of $192.62. Owens Corning also declared a quarterly dividend of $0.60 per share.

December 05, 2024
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