Owens Corning Expands U.S. Footprint With Prattville Roofing Plant

Owens Corning OC has announced plans to build a new shingle manufacturing facility in Prattville, AZ. The investment reflects the global building products leader's strategic commitment to expanding its roofing production network and strengthening its presence in the fast-growing Southeast U.S. market.Construction of the 250,000-square-foot Prattville plant is scheduled to begin in early 2026, with production slated for 2027. Equipped with advanced machinery, the facility will have the capacity to produce approximately six million square feet of laminate shingles annually. This added capacity will mainly supply Owens Corning’s premium Duration shingles, which use SureNail technology for extra strength and durability.The Prattville facility will create nearly 100 skilled manufacturing jobs and leverage advanced automation and modern technology to drive efficiency. By supporting the nation’s largest asphalt shingle market and enhancing service across OC’s entire roofing network, the plant will further strengthen the company’s industry leadership.During the trading hours on Friday, shares of OC declined 1.4%.Owens Corning’s Growth MomentumAs demonstrated by its recent initiatives, Owens Corning is expanding its roofing production network while strengthening its presence in the Southeast U.S. market. This investment reflects the company’s broader strategy of enhancing its business through capacity expansion, strategic acquisitions and product innovation. Upon completion, the company will operate 17 asphalt roofing and component plants nationwide, underlining its strong presence across the U.S. Building materials industry.Beyond this expansion, Owens Corning had an impressive second-quarter 2025 performance, achieving adjusted EBITDA margins of 20% or more for the 20th straight quarter. With capacity expansions like the new laminate line from Medina, OH, which has already started to meet current demand from the expanding contractor network, roofing sales increased 4% year over year. This performance underscores the strength of Owens Corning’s business model and efficient investments to strengthen its market position and drive long-term growth.OC Stock Price PerformanceShares of this manufacturer of fiberglass composites have gained 7.4% in the past three months compared with the Zacks Building Products - Miscellaneous industry’s 12% growth. While near-term market and tariff-related challenges exist, Owens Corning is strategically positioned to navigate these headwinds and minimize the negative impacts through its in-house strategic approach, which is expected to sustain its growth trajectory.Moreover, Owens Corning’s trailing 12-month return on equity (ROE) is indicative of its growth potential and focus on maintaining shareholder value. Its ROE of 24.5% compares favorably with the industry’s 13.1%, indicating more efficiency in using shareholders’ funds than peers.Image Source: Zacks Investment ResearchOC’s Zacks Rank & Key PicksCurrently, Owens Corning has a Zacks Rank #3 (Hold).Some better-ranked stocks from the Construction sector are Everus Construction Group Inc. ECG, Tutor Perini Corporation TPC and Great Lakes Dredge & Dock Corporation GLDD.Everus Construction Group presently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 42.7%, on average. ECG stock has jumped 24% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for ECG’s 2025 sales and earnings per share (EPS) indicates growth of 18% and 3.9%, respectively, from the year-ago period’s levels.Tutor Perini sports a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 387.2%, on average. Tutor Perini's stock has soared 173.8% year to date.The Zacks Consensus Estimate for Tutor Perini’s 2025 sales and EPS indicates growth of 21.2% and 220.8%, respectively, from the prior-year levels.Great Lakes Dredge & Dock flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 45.3%, on average. Great Lakes Dredge & Dock stock has gained 8% year to date.The Zacks Consensus Estimate for Great Lakes Dredge & Dock’s 2025 sales and EPS indicates growth of 9% and 21.4%, respectively, from the prior-year levels.Free Report: 3 Software Stocks Poised to SkyrocketSoftware stocks are poised to catapult higher in the coming months (and years) thanks to several factors, especially the explosive growth of AI. Zacks' urgent report reveals 3 top software stocks to own right now.Access the report free today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC): Free Stock Analysis Report Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report Tutor Perini Corporation (TPC): Free Stock Analysis Report Everus Construction Group, Inc. (ECG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks