Shares of FORTERRA INC (NASDAQ:FRTA) traded down 3.1% on Wednesday . The stock traded as low as $3.02 and last traded at $3.16. 838,695 shares changed hands during trading, a decline of 22% from the average session volume of 1,068,560 shares. The stock had previously closed at $3.06.

Several analysts recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 price target (down from $23.00) on shares of FORTERRA INC in a report on Friday, May 12th. SunTrust Banks, Inc. cut FORTERRA INC from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a report on Tuesday, May 16th. Citigroup Inc. cut FORTERRA INC from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $17.00 in a report on Tuesday, May 16th. Barclays PLC reissued an “overweight” rating and set a $18.00 price target (down from $23.00) on shares of FORTERRA INC in a report on Wednesday, May 17th. Finally, Zacks Investment Research cut FORTERRA INC from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.56.

The company’s market capitalization is $253.60 million. The firm’s 50-day moving average is $6.08 and its 200 day moving average is $12.13.

FORTERRA INC (NASDAQ:FRTA) last posted its earnings results on Thursday, August 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.11. The company had revenue of $436.69 million for the quarter, compared to analysts’ expectations of $449.68 million. FORTERRA INC had a negative return on equity of 45.03% and a negative net margin of 4.72%. Equities analysts anticipate that FORTERRA INC will post ($0.50) earnings per share for the current fiscal year.

In related news, CFO William Matthew Brown bought 22,200 shares of the company’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $4.80 per share, for a total transaction of $106,560.00. Following the completion of the transaction, the chief financial officer now directly owns 47,501 shares in the company, valued at approximately $228,004.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.33% of the company’s stock.

Several large investors have recently bought and sold shares of FRTA. Capital World Investors purchased a new stake in shares of FORTERRA INC during the second quarter worth $25,249,000. FMR LLC purchased a new stake in shares of FORTERRA INC during the first quarter worth $31,062,000. Redwood Capital Management LLC purchased a new stake in shares of FORTERRA INC during the second quarter worth $7,700,000. Pictet Asset Management Ltd. lifted its position in shares of FORTERRA INC by 45.1% during the second quarter. Pictet Asset Management Ltd. now owns 2,636,865 shares of the construction company’s stock worth $18,960,000 after acquiring an additional 819,647 shares in the last quarter. Finally, Rubric Capital Management LP lifted its position in shares of FORTERRA INC by 134.9% during the second quarter. Rubric Capital Management LP now owns 952,600 shares of the construction company’s stock worth $7,840,000 after acquiring an additional 547,116 shares in the last quarter.

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FORTERRA INC Company Profile