Horizon Investment Services Position in Owens Corning New (OC) Decreased as Stock Declined; Green Square Capital Has Trimmed Stake in Target Com (TGT) by $2.34 Million

April 17, 2018 - By Vivian Currie

Target Corporation (NYSE:TGT) Logo

Green Square Capital Llc decreased its stake in Target Corp Com (TGT) by 36.98% based on its latest 2017Q4 regulatory filing with the SEC. Green Square Capital Llc sold 35,989 shares as the company’s stock rose 4.77% while stock markets declined. The hedge fund held 61,331 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $4.00M, down from 97,320 at the end of the previous reported quarter. Green Square Capital Llc who had been investing in Target Corp Com for a number of months, seems to be less bullish one the $39.09 billion market cap company. The stock increased 0.76% or $0.55 during the last trading session, reaching $72.55. About 1.41M shares traded. Target Corporation (NYSE:TGT) has risen 28.46% since April 17, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

Horizon Investment Services Llc decreased its stake in Owens Corning New (OC) by 8.15% based on its latest 2017Q4 regulatory filing with the SEC. Horizon Investment Services Llc sold 7,823 shares as the company’s stock declined 11.77% with the market. The institutional investor held 88,137 shares of the industrial machinery and components company at the end of 2017Q4, valued at $8.10M, down from 95,960 at the end of the previous reported quarter. Horizon Investment Services Llc who had been investing in Owens Corning New for a number of months, seems to be less bullish one the $9.12B market cap company. The stock increased 0.62% or $0.5 during the last trading session, reaching $81.65. About 290,050 shares traded. Owens Corning (NYSE:OC) has risen 32.24% since April 17, 2017 and is uptrending. It has outperformed by 20.69% the S&P500.

Since March 13, 2018, it had 0 insider purchases, and 2 insider sales for $4.93 million activity. Genis Arnaud sold $4.84 million worth of stock or 59,541 shares.

Among 25 analysts covering Owens Corning (NYSE:OC), 15 have Buy rating, 0 Sell and 10 Hold. Therefore 60% are positive. Owens Corning had 77 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by Wells Fargo on Thursday, August 31 to “Outperform”. The firm has “Buy” rating by Credit Suisse given on Monday, January 22. The stock of Owens Corning (NYSE:OC) has “Buy” rating given on Monday, August 28 by RBC Capital Markets. Stifel Nicolaus upgraded Owens Corning (NYSE:OC) on Thursday, July 23 to “Buy” rating. RBC Capital Markets upgraded the shares of OC in report on Monday, January 11 to “Outperform” rating. The company was maintained on Tuesday, October 3 by Jefferies. The company was maintained on Thursday, July 23 by RBC Capital Markets. Wedbush maintained the shares of OC in report on Wednesday, July 6 with “Neutral” rating. On Wednesday, June 28 the stock rating was maintained by Barclays Capital with “Hold”. The stock of Owens Corning (NYSE:OC) has “Buy” rating given on Tuesday, November 14 by RBC Capital Markets.

Horizon Investment Services Llc, which manages about $205.38 million and $241.96 million US Long portfolio, upped its stake in Snap On Inc (NYSE:SNA) by 1,991 shares to 8,416 shares, valued at $1.47M in 2017Q4, according to the filing. It also increased its holding in Tech Data Corp (NASDAQ:TECD) by 7,356 shares in the quarter, for a total of 23,824 shares, and has risen its stake in Vanguard Scottsdale Fds (VCSH).

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.19, from 1.26 in 2017Q3. It dropped, as 32 investors sold OC shares while 135 reduced holdings. 71 funds opened positions while 107 raised stakes. 99.29 million shares or 1.88% less from 101.20 million shares in 2017Q3 were reported. Shellback Ltd Partnership reported 90,800 shares. Public Employees Retirement Association Of Colorado owns 21,638 shares. Raymond James Trust Na holds 6,416 shares or 0.04% of its portfolio. Walleye Trading Llc reported 9,857 shares. Tci Wealth Advsr holds 0% in Owens Corning (NYSE:OC) or 27 shares. Picton Mahoney Asset Management stated it has 36,000 shares or 0.09% of all its holdings. Moreover, Riverhead Cap Mngmt Limited Liability Company has 0.49% invested in Owens Corning (NYSE:OC). State Of Alaska Department Of Revenue reported 6,900 shares. Campbell & Investment Adviser Ltd owns 3,047 shares. Caprock Grp Inc Incorporated holds 0.13% or 7,179 shares. Gam Hldg Ag holds 0.37% in Owens Corning (NYSE:OC) or 129,453 shares. Architects Inc has 37 shares for 0% of their portfolio. Wealthtrust has 123 shares for 0.01% of their portfolio. Hancock Holdg holds 19,484 shares. Fincl Bank Of Mellon stated it has 0.02% in Owens Corning (NYSE:OC).

Analysts await Owens Corning (NYSE:OC) to report earnings on April, 25 before the open. They expect $0.96 earnings per share, up 12.94% or $0.11 from last year’s $0.85 per share. OC’s profit will be $107.24M for 21.26 P/E if the $0.96 EPS becomes a reality. After $1.11 actual earnings per share reported by Owens Corning for the previous quarter, Wall Street now forecasts -13.51% negative EPS growth.

Analysts await Target Corporation (NYSE:TGT) to report earnings on May, 16. They expect $1.38 earnings per share, up 14.05% or $0.17 from last year’s $1.21 per share. TGT’s profit will be $743.55M for 13.14 P/E if the $1.38 EPS becomes a reality. After $1.37 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 0.73% EPS growth.

Owens Corning (NYSE:OC) Institutional Positions Chart

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