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
|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||Bank of America Corporation||2%||1,556,181||$217,585,238|