New York State Common Retirement Fund lowered its stake in shares of Forterra Inc (NASDAQ:FRTA) by 27.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,800 shares of the construction company’s stock after selling 7,550 shares during the quarter. New York State Common Retirement Fund’s holdings in Forterra were worth $163,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FRTA. American International Group Inc. bought a new stake in Forterra during the first quarter worth approximately $217,000. Vanguard Group Inc. boosted its position in Forterra by 10.6% during the first quarter. Vanguard Group Inc. now owns 1,473,404 shares of the construction company’s stock worth $28,731,000 after purchasing an additional 141,793 shares during the period. Geode Capital Management LLC boosted its position in Forterra by 10.8% during the first quarter. Geode Capital Management LLC now owns 177,008 shares of the construction company’s stock worth $3,451,000 after purchasing an additional 17,245 shares during the period. Morgan Stanley boosted its position in Forterra by 129.8% during the first quarter. Morgan Stanley now owns 159,156 shares of the construction company’s stock worth $3,104,000 after purchasing an additional 89,897 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Forterra during the first quarter worth approximately $702,000.

A number of equities research analysts have issued reports on the company. Barclays PLC upped their target price on Forterra from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $10.00 target price on shares of Forterra in a research report on Wednesday, August 9th. Stephens reissued an “equal weight” rating and issued a $9.00 price objective (up from $4.00) on shares of Forterra in a research report on Wednesday, November 15th. Citigroup Inc. increased their price objective on Forterra from $4.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research raised Forterra from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.36.

In other news, insider Lori M. Browne bought 10,000 shares of Forterra stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $4.27 per share, with a total value of $42,700.00. Following the completion of the transaction, the insider now directly owns 27,057 shares in the company, valued at $115,533.39. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chris Meyer bought 62,500 shares of Forterra stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $4.03 per share, with a total value of $251,875.00. Following the completion of the transaction, the director now owns 62,500 shares of the company’s stock, valued at $251,875. The disclosure for this purchase can be found here. Insiders bought 151,574 shares of company stock valued at $632,916 over the last three months. 0.33% of the stock is owned by company insiders.

Shares of Forterra Inc (NASDAQ:FRTA) opened at $9.10 on Monday. Forterra Inc has a 12-month low of $3.02 and a 12-month high of $22.76. The company has a debt-to-equity ratio of 15.19, a quick ratio of 1.43 and a current ratio of 2.56.

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Forterra Company Profile

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Institutional Ownership by Quarter for Forterra (NASDAQ:FRTA)

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