Bank of America Corp DE Buys New Position in Owens Corning Inc $OC

Bank of America Corp DE bought a new stake in Owens Corning Inc (NYSE:OC) in the 2nd quarter, according to its most recent disclosure with the SEC.

The fund bought 840,997 shares of the construction company’s stock, valued at approximately $133,685,000.

Bank of America Corp DE owned approximately 1.06% of Owens Corning at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of OC.

BlackRock Inc. purchased a new position in Owens Corning in the 2nd quarter valued at approximately $1,401,161,000.

Dimensional Fund Advisors LP increased its position in shares of Owens Corning by 7.3% during the first quarter.

Dimensional Fund Advisors LP now owns 2,764,616 shares of the construction company's stock worth $299,167,000 after acquiring an additional 188,211 shares during the period.

First Trust Advisors LP increased its position in shares of Owens Corning by 22.7% during the first quarter.

First Trust Advisors LP now owns 2,179,214 shares of the construction company's stock worth $235,835,000 after acquiring an additional 403,803 shares during the period.

LSV Asset Management raised its stake in shares of Owens Corning by 1.0% in the fourth quarter.

LSV Asset Management now owns 1,463,671 shares of the construction company's stock valued at $163,799,000 after acquiring an additional 14,109 shares in the last quarter.

Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Owens Corning by 460.8% in the fourth quarter.

Arrowstreet Capital Limited Partnership now owns 1,313,019 shares of the construction company's stock valued at $146,940,000 after acquiring an additional 1,078,877 shares in the last quarter.

88.40% of the stock is currently owned by hedge funds and other institutional investors.

In other Owens Corning news, insider Rachel Barthelemy Marcon sold 900 shares of Owens Corning stock in a transaction on Friday, August 28th.

The shares were sold at an average price of $144.07, for a total value of $129,663.00.

Following the transaction, the insider directly owned 21,449 shares in the company, valued at approximately $3,090,157.43.

The trade was a 4.03% decrease in their ownership of the stock.

The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Insiders own 0.92% of the company’s stock.

Several research analysts recently commented on OC shares.

Barclays boosted their target price on Owens Corning from $170.00 to $177.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th.

Truist Financial set a $198.00 price target on shares of Owens Corning in a research note on Thursday, August 6th.

Citigroup boosted their price target on shares of Owens Corning from $149.00 to $177.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

The Goldman Sachs Group boosted their target price on shares of Owens Corning from $141.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th.

Finally, Evercore reissued an “outperform” rating and issued a $193.00 target price on shares of Owens Corning in a report on Thursday, July 23rd.

Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company.

Based on data from MarketBeat, Owens Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $16...