OC
Owens Corning Industrials - Building Products & Equipment Investor Relations →
Owens Corning (OC) closed at $122.73 as of 2026-05-01, trading 5.0% below its 200-week moving average of $129.17. This places OC in the below line zone. The stock is currently moving closer to the line, down from -2.6% last week. The 14-week RSI sits at 50, indicating neutral momentum.
Trading volume is running at 0.7x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.84 ratio) is neutral — neither side is clearly dominating.
Over the past 969 weeks of data, OC has crossed below its 200-week moving average 12 times. On average, these episodes lasted 18 weeks. Historically, investors who bought OC at the start of these episodes saw an average one-year return of +23.6%.
With a market cap of $9.9 billion, OC is a mid-cap stock. The company generates a free cash flow yield of 7.2%, which is healthy. Return on equity stands at -4.2%. The stock trades at 2.5x book value.
The company has been aggressively buying back shares, reducing its share count by 12.7% over the past three years.
Over the past 18.6 years, a hypothetical investment of $100 in OC would have grown to $662, compared to $654 for the S&P 500. That represents an annualized return of 10.7% vs 10.6% for the index — confirming OC as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -9.9% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: OC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OC Crosses Below the Line?
Across 12 historical episodes, buying OC when it crossed below its 200-week moving average produced an average return of +23.9% after 12 months (median +26.0%), compared to +8.7% for the S&P 500 over the same periods. 89% of those episodes were profitable after one year. After 24 months, the average return was +45.3% vs +24.2% for the index.
Each line shows $100 invested at the moment OC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OC has crossed below its 200-week MA 12 times with an average 1-year return of +23.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2007 | Sep 2009 | 100 | 77.8% | -22.4% | +492.7% |
| Sep 2009 | Oct 2009 | 2 | 8.5% | +18.3% | +596.2% |
| Oct 2009 | Nov 2009 | 1 | 1.7% | +22.3% | +576.3% |
| Sep 2011 | Oct 2011 | 3 | 10.5% | +60.5% | +572.7% |
| Jul 2014 | Aug 2014 | 3 | 2.0% | +33.3% | +333.1% |
| Sep 2014 | Dec 2014 | 15 | 16.1% | +38.1% | +340.5% |
| Sep 2018 | Jun 2019 | 39 | 23.6% | +17.3% | +158.1% |
| Jul 2019 | Sep 2019 | 9 | 5.8% | -0.2% | +145.5% |
| Feb 2020 | Jul 2020 | 20 | 47.5% | +45.6% | +141.8% |
| Oct 2025 | Oct 2025 | 2 | 0.3% | N/A | -1.0% |
| Nov 2025 | Feb 2026 | 13 | 19.7% | N/A | +19.5% |
| Feb 2026 | Ongoing | 10+ | 21.9% | Ongoing | +1.3% |
| Average | 18 | — | +23.6% | — |
Frequently Asked Questions
Is OC below its 200-week moving average?
Yes. As of 2026-05-01, Owens Corning (OC) is trading 5.0% below its 200-week moving average of $129.17. The current price is $122.73.
What is OC's 200-week moving average price?
Owens Corning's 200-week moving average is $129.17 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when OC drops below its 200-week moving average?
OC has crossed below its 200-week moving average 12 times in our data. On average, buying at that moment produced a one-year return of +23.6%. These dips have historically been decent entry points. These episodes lasted 18 weeks on average.
Is OC a good value right now?
Here's what our data says about OC as of 2026-05-01: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 50. Free cash flow yield is 7.2%. Return on equity is -4.2%. Price-to-book is 2.5x. This is not a buy or sell recommendation — always do your own research.
How does OC compare to the S&P 500?
Over the past 18.6 years, $100 invested in OC would have grown to $662, compared to $654 for the S&P 500. That's 10.7% annualized vs 10.6% for the index. OC has outperformed the broader market over this period.
Does OC pay a dividend?
Yes. Owens Corning currently pays a dividend yield of 241.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01