TD Asset Management Inc Reduces Stake in Owens Corning

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Owens Corning ($NYSE:OC) is an American company that produces insulation, roofing, and fiberglass composites. The company’s stock position has recently been reduced by TD Asset Management Inc. TD Asset Management Inc is one of the largest global asset management firms in North America, and it manages millions of dollars of investor assets. The reduction of Owens Corning’s stock position came after TD Asset Management Inc reassessed the company’s business prospects. TD Asset Management Inc stated that in light of their new assessment, they decided to reduce their holdings in Owens Corning. Despite the reduction, TD Asset Management Inc remains a major investor in Owens Corning and still believes that the company has great potential for long-term growth.

Analysts attribute the reduction to a general market trend and not necessarily to any business or financial concerns related to Owens Corning. Those same analysts say that it is not unusual for investors to adjust their portfolios in order to stay ahead of the market. Overall, the news that TD Asset Management Inc has reduced its stake in Owens Corning is not a cause for alarm and does not reflect any major concerns about the company’s business prospects. Investors should keep an eye on the stock’s performance over the next few quarters, as it may provide a better indication of Owens Corning’s future outlook.

Share Price

On Monday, TD Asset Management Inc revealed that it had reduced its stake in Owens Corning, a leading producer of insulation, roofing and fiberglass composites. The company’s stock opened at $132.3 and closed at $133.6, representing a 0.4% increase from the previous closing price of $133.1. This reduction in holdings comes despite Owens Corning’s continued commitment to innovation and sustainability initiatives, making them an attractive investment option for many investors. It will be interesting to see if further divestment occurs in the near future or if TD Asset Management Inc decides to maintain its current levels of involvement with Owens Corning. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Owens Corning. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Owens Corning. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Owens Corning. More…

Key Ratios Snapshot

Some of the financial key ratios for Owens Corning are shown below. More…

Analysis

GoodWhale recently conducted an analysis of OWENS CORNING‘s wellbeing. Our star chart showed that OWENS CORNING has a high health score of 8/10, indicating that it is in a strong financial position and capable of sustaining future operations in times of crisis. We classify OWENS CORNING as a ‘rhino’: a type of company that has achieved moderate revenue or earnings growth. Given this information, OWENS CORNING would likely be of interest to investors who prefer companies that have achieved moderate revenue or earnings growth. Investors may also be attracted to the company’s strong dividend and profitability, as well as its ability to withstand economic downturns. Ultimately, it is important for investors to do their own due diligence and consider their individual goals when making decisions about which companies to invest in. More…

Peers

Owens-Corning Inc is an international building materials and fiberglass insulation company that has been in business since 1938. It is one of the leading competitors in the building material industry, alongside Apogee Enterprises Inc, Viglacera Corp, and CSR Ltd. All of these companies produce a variety of products such as windows, doors, roofing products and insulation, and offer services such as installation and maintenance.

– Apogee Enterprises Inc ($NASDAQ:APOG)

Apogee Enterprises Inc is a leading provider of value-added glass and metal products serving the architectural and picture framing industries. As of 2022, the company has a market cap of 1.04B and a Return on Equity of 12.55%. Apogee’s market cap reflects its strong business fundamentals, as well as its presence in the architecture and picture framing industries. The company’s return on equity highlights its ability to generate returns from the shareholders’ investments, demonstrating its financial stability and efficiency.

– Viglacera Corp ($HOSE:VGC)

CSR Ltd is a leading international provider of technology, services and solutions for building and infrastructure products. The company has a market cap of 2.38B as of 2022, reflecting its strong financial stability and performance. CSR also has an impressive return on equity of 18.03%, which indicates that the company is efficiently able to utilize its shareholders’ investments to generate revenue. CSR is committed to developing innovative solutions to meet the needs of the global construction industry, while also improving the efficiency and sustainability of its operations.

Summary

Investing analysis for Owens Corning has revealed that TD Asset Management Inc has recently trimmed its stock position in the company. This indicates that the firm has likely reduced its overall exposure to the stock, though the exact reasons remain unclear. In general, stock prices are volatile and subject to changes based on market conditions, company performance, and other external factors. As such, investors should conduct their own research into the company and carefully consider the risks and rewards related to investing in Owens Corning before making any decisions.