Were Analysts Bearish Owens Corning (NYSE:OC) This Week?

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Investors sentiment decreased to 0.88 in Q2 2019. Its down 0.29, from 1.17 in 2019Q1. It dropped, as 34 investors sold Owens Corning shares while 99 reduced holdings. 43 funds opened positions while 74 raised stakes. 99.47 million shares or 2.22% more from 97.31 million shares in 2019Q1 were reported.
Omers Administration Corporation accumulated 20,700 shares or 0.01% of the stock. Sasco Capital Ct owns 760,007 shares or 4.19% of their US portfolio. Pinnacle Associates has invested 0.01% in Owens Corning (NYSE:OC). Grantham Mayo Van Otterloo holds 0.01% of its portfolio in Owens Corning (NYSE:OC) for 32,800 shares. Optimum Investment Advsrs has invested 0.01% in Owens Corning (NYSE:OC). Lpl Fincl Ltd Limited Liability Company reported 0% stake. Weiss Multi owns 20,000 shares. California State Teachers Retirement accumulated 190,584 shares. Mackay Shields Limited Liability Corporation holds 0.01% or 21,488 shares. Hrt accumulated 0.02% or 5,006 shares. Ubs Asset Mgmt Americas holds 0% or 581,529 shares in its portfolio. Huntington Bancshares has invested 0% of its portfolio in Owens Corning (NYSE:OC). Parkside Bank & Trust Tru stated it has 0% of its portfolio in Owens Corning (NYSE:OC). Architects holds 1,290 shares or 0.01% of its portfolio. Putnam Investments Lc owns 38,260 shares.

Owens Corning (NYSE:OC) Ratings Coverage

Among 2 analysts covering Owens Corning (NYSE:OC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Owens Corning has $7200 highest and $4800 lowest target. $60’s average target is -0.28% below currents $60.17 stock price. Owens Corning had 8 analyst reports since April 5, 2019 according to SRatingsIntel. The rating was downgraded by Nomura to “Neutral” on Thursday, May 16. Bank of America upgraded Owens Corning (NYSE:OC) rating on Thursday, June 27. Bank of America has “Buy” rating and $7200 target. Below is a list of Owens Corning (NYSE:OC) latest ratings and price target changes.

27/06/2019 Broker: Bank of America Old Rating: Neutral New Rating: Buy Old Target: $58.0000 New Target: $72.0000 Upgrade
27/06/2019 Broker: Seaport Global Old Rating: Sell New Rating: Neutral Upgrade
21/05/2019 Broker: BidaskScore Rating: Hold Downgrade
16/05/2019 Broker: Nomura Old Rating: Buy New Rating: Neutral Old Target: $78.0000 New Target: $48.0000 Downgrade
06/05/2019 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Upgrade
25/04/2019 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Downgrade
19/04/2019 Broker: BidaskScore Rating: Buy Upgrade
05/04/2019 Broker: BidaskScore Rating: Hold Upgrade

The stock increased 0.65% or $0.39 during the last trading session, reaching $60.17. About 1.94 million shares traded or 19.00% up from the average. Owens Corning (NYSE:OC) has declined 7.75% since September 13, 2018 and is downtrending. It has underperformed by 7.75% the S&P500.

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. The company has market cap of $6.56 billion. It operates in three divisions: Composites, Insulation, and Roofing. It has a 12.9 P/E ratio. The Composites segment makes, fabricates, and sells glass reinforcements in the form of fiber; and makes and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

More notable recent Owens Corning (NYSE:OC) news were published by: Finance.Yahoo.com which released: “Should You Think About Buying Owens Corning (NYSE:OC) Now? – Yahoo Finance” on September 09, 2019, also Seekingalpha.com with their article: “Rebalance moves companies among MidCap, SmallCap indexes – Seeking Alpha” published on September 06, 2019, Seekingalpha.com published: “Owens Corning Q2 2019 Earnings Preview – Seeking Alpha” on July 23, 2019. More interesting news about Owens Corning (NYSE:OC) were released by: Finance.Yahoo.com and their article: “Are Owens Corning’s (NYSE:OC) Returns On Investment Worth Your While? – Yahoo Finance” published on August 20, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should Owens Corning (NYSE:OC) Be Part Of Your Dividend Portfolio? – Yahoo Finance” with publication date: May 13, 2019.

Owens Corning (NYSE:OC) Institutional Positions Chart

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