SCHEDULE 13G/A: BlackRock, Inc. Amends Stake in Owens Corning, Disclosing 10.8% Beneficial Ownership
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 11 to Schedule 13G, reporting a 10.8% beneficial ownership stake in Owens Corning's common stock as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 11 to Schedule 13G concerning its beneficial ownership in Owens Corning common stock.
- As of March 31, 2025, BlackRock beneficially owns an aggregate of 9,200,211 shares of Owens Corning common stock.
- This ownership represents 10.8% of the class of Owens Corning's common stock.
- BlackRock holds sole voting power over 8,766,838 shares and sole dispositive power over 9,200,211 shares.
- No shared voting or shared dispositive power is reported.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of Owens Corning.
- BlackRock Fund Advisors is specifically identified as an entity within BlackRock's structure that beneficially owns 5% or greater of the outstanding shares of the security class.
Sentiment
Score: 5
Explanation: The document is a factual, routine disclosure of beneficial ownership by a large institutional investor, containing no explicit positive or negative operational news or forward-looking statements about the issuer.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing is a routine disclosure by a major institutional asset manager, BlackRock, Inc., detailing its passive ownership stake in a publicly traded company, Owens Corning. Such disclosures are standard practice for large investment firms that hold significant positions across numerous companies, reflecting their role as passive investors rather than active controllers.
Stakeholder Impact
- Confirms BlackRock, Inc. as a significant long-term shareholder, potentially providing stability to the shareholder base of Owens Corning.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of the previously revoked Power of Attorney. |
| 01/21/2025 | Effective date of the current Power of Attorney. |
| 03/31/2025 | Date of event which requires the filing of this statement. |
| 04/28/2025 | Date of filing and signature of the Schedule 13G Amendment No. 11. |
Keywords
Owens Corning, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
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