Owens Corning Inc (NYSE:OC).
Appaloosa Lp says it lowered its investment in Owens Corning Inc stock by 368,619 shares as of the end of the last quarter. Its investment was worth $164,783,000 a decrease of $2,448,000 as of quarter end.
These firms have modified their investment in OC. As of quarter end Raymond James & Associates had bought 2,560 shares growing its position 1.5%. The value of the investment in OC increased from $11,677,000 to $13,694,000 increasing 17.3% quarter to quarter. Dimensional Fund Advisors Lp grew its ownership by buying 93 shares an increase of 0.0% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp now controls 3,666,278 shares valued at $283,581,000. The value of the position overall is up by 15.6%.
As of the end of the quarter Lsv Asset Management had acquired a total of 280,707 shares growing its stake by 16.7%. The value of the total investment in Owens Corning Inc went from $112,432,000 to $151,668,000 a change of 34.9% since the last quarter.
Equity analyst Nomura raised the price target on October 31 boosting the projection from $79.00 to $83.00 and issued a “Neutral” rating. October 26 investment analysts at Wells Fargo & Company reiterated a “Outperform” rating on the company.
Barclays PLC issued a report on OC and giving a rating of “Hold” and price target of $75.00. SunTrust Banks raised the price target on October 26 changing the forecast from $66.00 to $75.00 with a rating of “Hold”.
Equity analyst Royal Bank Of Canada raised the price target of the stock on October 26 changing the price objective from $79.00 to $90.00 and stated a “Outperform” rating. On October 26 Stifel Nicolaus held the company rating at “Buy” with a current price target of $83.00.
The company is trading down by 0.47% percent from yesterday’s close. The P/E ratio is 24.54 and the market value is 9.15B. As of the latest earnings report the EPS was $3.35 with 111.24M shares outstanding.
Investors are a little more bearish on Owens Corning Inc of late if you take note of the motion in short interest. The firm had a rise in short interest between September 29, 2017 and October 13, 2017 of 4.01%. Short shares increased 97,072 over that timeframe. Days to cover increased from 3.0 to 4.0 and the percentage of shorted shares is 0.02% as of October 13.