This afternoon we watched Owens Corning drop -1.0% to a price of $139.82 per share. The mid-cap Farm & Heavy Construction Machinery company is now trading -10.33% below its average target price of $155.92. Analysts have set target prices ranging from $113.0 to $185.0 per share for Owens Corning, and have given the stock an average rating of buy.
Owens Corning's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.7%. The stock's short ratio is 3.05. The company's insiders own 0.61% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 103.9%. In conclusion, we believe there is mixed market sentiment regarding Owens Corning.
Institutions Invested in Owens Corning
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 13% | 12,050,320 | $1,684,875,830 |
| 2023-03-31 | Vanguard Group Inc | 11% | 9,520,803 | $1,331,198,745 |
| 2023-03-31 | State Street Corporation | 5% | 4,084,284 | $571,064,618 |
| 2023-03-31 | Davis Selected Advisers, LP | 4% | 3,603,881 | $503,894,667 |
| 2023-06-30 | Victory Capital Management Inc. | 3% | 2,451,989 | $342,837,119 |
| 2023-03-31 | Dimensional Fund Advisors LP | 3% | 2,406,960 | $336,541,164 |
| 2023-03-31 | AQR Capital Management, LLC | 2% | 2,233,829 | $312,333,987 |
| 2023-03-31 | Lsv Asset Management | 2% | 2,104,895 | $294,306,434 |
| 2023-03-31 | FMR, LLC | 2% | 1,609,432 | $225,030,794 |
| 2023-03-31 | Bank of America Corporation | 2% | 1,556,181 | $217,585,238 |
