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Since I last covered Owens Corning (NYSE:OC) in 2019, much has changed in the U.S. housing market. The last decade saw new home construction lag demand. In 2023, there are signs that any drop in mortgage rates may spur a new
Owens Corning: Second-Half Of 2023 May Bring Better Growth
Summary
- Owens Corning will see revenue and margin pressure in the first half of 2023 as the construction market is in a recession.
- The company has a good balance sheet and a reasonable dividend.
- At $83, the stock would yield 2.5%.
- Interest rates may have already peaked in the U.S.
- Lower mortgage rates will drive demand for new homes in the second half.
Prasanna Rajagopal comes with in-depth knowledge of the technology industry, having spent over 15 years in various sectors of the software industry. Prasanna loves to learn and write about business and investment opportunities in technology, media, retail, and industrial companies. Prasanna has a M.B.A. from UCLA Anderson School of Management, a M.S. in Industrial Engineering from Wichita State University and a Bachelor's degree in Mechanical Engineering from University of Madras.
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