What Caused OC's Price Collapse Today?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.