LSV Asset Management decreased its stake in OMNOVA Solutions Inc. (NYSE:OMN) by 30.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 233,300 shares of the specialty chemicals company’s stock after selling 103,800 shares during the quarter. LSV Asset Management owned 0.52% of OMNOVA Solutions worth $2,333,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of OMNOVA Solutions by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,209,084 shares of the specialty chemicals company’s stock valued at $21,538,000 after purchasing an additional 14,945 shares during the period. Vanguard Group Inc. boosted its position in shares of OMNOVA Solutions by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,814,048 shares of the specialty chemicals company’s stock valued at $17,686,000 after purchasing an additional 74,636 shares during the period. State Street Corp boosted its position in shares of OMNOVA Solutions by 2.7% in the 2nd quarter. State Street Corp now owns 848,085 shares of the specialty chemicals company’s stock valued at $8,275,000 after purchasing an additional 22,333 shares during the period. Northern Trust Corp boosted its position in shares of OMNOVA Solutions by 8.2% in the 2nd quarter. Northern Trust Corp now owns 705,492 shares of the specialty chemicals company’s stock valued at $6,878,000 after purchasing an additional 53,607 shares during the period. Finally, Weber Alan W boosted its position in shares of OMNOVA Solutions by 16.6% in the 3rd quarter. Weber Alan W now owns 441,900 shares of the specialty chemicals company’s stock valued at $4,839,000 after purchasing an additional 63,000 shares during the period. Institutional investors and hedge funds own 88.33% of the company’s stock.
OMN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, December 7th. ValuEngine lowered OMNOVA Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. OMNOVA Solutions presently has an average rating of “Hold” and an average price target of $11.67.
Shares of OMNOVA Solutions Inc. (NYSE OMN) opened at $10.05 on Wednesday. OMNOVA Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $11.60. The company has a market capitalization of $452.58, a PE ratio of -5.08, a price-to-earnings-growth ratio of 1.51 and a beta of 2.10. The company has a debt-to-equity ratio of 9.16, a quick ratio of 1.71 and a current ratio of 2.37.
OMNOVA Solutions (NYSE:OMN) last announced its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). OMNOVA Solutions had a positive return on equity of 25.30% and a negative net margin of 11.20%. The business had revenue of $186.30 million for the quarter, compared to analyst estimates of $192.15 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. equities analysts predict that OMNOVA Solutions Inc. will post 0.67 earnings per share for the current fiscal year.
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OMNOVA Solutions Company Profile
OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.
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