Let’s cut to the chase: Paradiem, LLC just bought $12.5 million worth of Owens Corning shares like it’s a clearance rack at Bed Bath & Beyond. The move bumped their stake to 94,067 shares-3.1% of their portfolio-as of September 30. Meanwhile, Owens Corning’s stock price is down 33% year-over-year, which is roughly how long it takes for a home-renovation show to go from “HGTV’s crown jewel” to “basic cable filler.”
IMAGE SOURCE: GETTY IMAGES.
What happened
Paradiem’s SEC filing on October 17 reads like a corporate rom-com where the aloof fund finally notices the underappreciated stock. They added 85k shares in Q3, bringing their total position to $13.31 million. It’s the financial equivalent of a slow-motion run toward a security checkpoint at O’Hare-urgent, but with a 40% chance of disappointment.
What else to know
Paradiem’s portfolio is basically a who’s-who of industrial stocks: Lam Research (6.4%), TE Connectivity (4.55%), Valero (4.2%), Lockheed Martin (3.76%), and Caterpillar (3.7%). Owens Corning now sits at 3.1%, which is just enough to get a seat at the cool kids’ table-if the cool kids are wearing hard hats.
Company Overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $11.74 billion |
| Net Income (TTM) | $333.00 million |
| Dividend Yield | 2.17% |
| Price (as of market close 2025-10-17) | $126.96 |
Company Snapshot
Owens Corning is the Swiss Army knife of building materials-insulation, roofing, composites, and a side hustle in fiberglass. They sell to everyone from contractors to manufacturers, which means they’re either the backbone of civilization or the reason your attic smells like regret, depending on the quarter.
Foolish take
Let’s unpack this: Paradiem went from a 0.3% stake to 3.1% in Q3, which is like upgrading from a “meh” Tinder bio to full-on swiping Premium. The stock’s down 33% year-over-year, dragged down by higher rates and inflation-aka the adulting version of “the dog ate my homework.” But here’s the kicker: Q2 sales grew 10% to $2.75 billion, and EPS jumped 34% to $3.91. Turns out, divesting operations in China and South Korea is Owens Corning’s version of Marie Kondo-ing their portfolio. Who knew?
The Fed’s rate cut is dangling like a carrot in front of a very tired donkey (the construction sector). If rates drop, Owens Corning could bounce back harder than a contractor’s pickup truck hitting a pothole. But until then, the stock’s a bit like a half-finished IKEA bookshelf-promising, but liable to collapse under scrutiny.
Glossary
13F reportable assets: The SEC’s version of a group chat where funds spill their stock secrets.
AUM: Assets Under Management-aka the “I’m important” metric for funds.
Stake: Not just what vampires avoid; also how much stock a fund owns.
Dividend Yield: The financial world’s participation trophy.
TTM: Twelve months of drama ending with the latest quarterly cliffhanger.
Bottom line? Owens Corning’s stock is cheaper than a two-year-old contractor’s coffee habit. But remember: buying low only works if the floor stops falling. 🚀
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2025-10-19 03:53