John R. Mcpherson Buys 23,449 Shares of Forterra Inc (FRTA) Stock
Forterra Inc (NASDAQ:FRTA) Director John R. Mcpherson bought 23,449 shares of the company’s stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $4.29 per share, with a total value of $100,596.21. Following the completion of the purchase, the director now owns 24,579 shares of the company’s stock, valued at approximately $105,443.91. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Forterra Inc (NASDAQ:FRTA) opened at 4.11 on Friday. Forterra Inc has a 12 month low of $3.85 and a 12 month high of $22.76. The firm’s market cap is $263.87 million. The stock’s 50 day moving average is $4.38 and its 200 day moving average is $11.41.
Forterra (NASDAQ:FRTA) last issued its quarterly earnings data on Thursday, August 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.11). The business had revenue of $436.69 million during the quarter, compared to the consensus estimate of $449.68 million. Forterra had a negative net margin of 4.72% and a negative return on equity of 45.03%. Analysts forecast that Forterra Inc will post ($0.50) EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in FRTA. Teachers Advisors LLC bought a new position in Forterra during the 4th quarter worth approximately $656,000. Wells Fargo & Company MN raised its holdings in Forterra by 168.4% during the 1st quarter. Wells Fargo & Company MN now owns 107,031 shares of the construction company’s stock worth $2,087,000 after purchasing an additional 67,149 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Forterra by 16.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,939 shares of the construction company’s stock worth $1,169,000 after purchasing an additional 8,373 shares during the last quarter. TD Asset Management Inc. bought a new position in Forterra during the 1st quarter worth approximately $285,000. Finally, Alambic Investment Management L.P. bought a new position in Forterra during the 1st quarter worth approximately $460,000.
A number of equities analysts have weighed in on the stock. Barclays PLC reaffirmed a “buy” rating and issued a $15.00 target price (down from $18.00) on shares of Forterra in a research note on Monday, July 24th. ValuEngine cut shares of Forterra from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Forterra from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Royal Bank Of Canada lowered their price target on shares of Forterra from $16.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 27th. Finally, Citigroup Inc. lowered their price target on shares of Forterra from $17.00 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, June 22nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.56.
Forterra Company Profile
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