Ferro Corporation (FOE) Director Marran H. Ogilvie Buys 2,000 Shares
Ferro Corporation (NYSE:FOE) Director Marran H. Ogilvie acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $23.60 per share, for a total transaction of $47,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ferro Corporation (NYSE FOE) traded down $0.05 during trading on Friday, hitting $23.91. The company had a trading volume of 434,056 shares, compared to its average volume of 609,161. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.53 and a current ratio of 2.48. The firm has a market capitalization of $2,000.00, a price-to-earnings ratio of 18.16 and a beta of 1.90. Ferro Corporation has a one year low of $13.55 and a one year high of $24.84.
Ferro Corporation (NYSE:FOE) last issued its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $350.01 million during the quarter, compared to the consensus estimate of $332.28 million. Ferro Corporation had a return on equity of 35.77% and a net margin of 3.44%. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. analysts predict that Ferro Corporation will post 1.29 EPS for the current year.
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A number of equities analysts recently commented on the company. Zacks Investment Research raised Ferro Corporation from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, September 5th. KeyCorp reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Ferro Corporation in a research note on Friday, September 1st. Longbow Research reaffirmed a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of Ferro Corporation in a research note on Wednesday, August 23rd. Finally, BidaskClub lowered Ferro Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Six analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $23.60.
A number of hedge funds have recently modified their holdings of FOE. UBS Asset Management Americas Inc. increased its holdings in Ferro Corporation by 50.7% in the first quarter. UBS Asset Management Americas Inc. now owns 23,497 shares of the specialty chemicals company’s stock worth $357,000 after purchasing an additional 7,900 shares in the last quarter. Vanguard Group Inc. increased its holdings in Ferro Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 6,703,134 shares of the specialty chemicals company’s stock worth $101,821,000 after purchasing an additional 324,188 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ferro Corporation by 6.5% in the first quarter. Geode Capital Management LLC now owns 641,105 shares of the specialty chemicals company’s stock worth $9,738,000 after purchasing an additional 38,990 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Ferro Corporation by 114.3% in the first quarter. Renaissance Technologies LLC now owns 53,800 shares of the specialty chemicals company’s stock worth $817,000 after purchasing an additional 28,700 shares in the last quarter. Finally, KCG Holdings Inc. bought a new stake in Ferro Corporation in the first quarter worth approximately $181,000. Institutional investors and hedge funds own 97.57% of the company’s stock.
Ferro Corporation Company Profile
Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.
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