Ferro Co. (NYSE:FOE) Director Allen A. Spizzo bought 2,500 shares of Ferro stock in a transaction on Friday, May 17th. The stock was acquired at an average cost of $15.33 per share, for a total transaction of $38,325.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $76,650. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NYSE:FOE traded up $0.38 during trading hours on Tuesday, hitting $15.10. 690,373 shares of the company were exchanged, compared to its average volume of 1,004,026. The firm has a market cap of $1.25 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.17 and a beta of 1.73. The company has a quick ratio of 1.47, a current ratio of 2.55 and a debt-to-equity ratio of 2.34. Ferro Co. has a one year low of $14.59 and a one year high of $23.88.

Ferro (NYSE:FOE) last announced its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $387.50 million during the quarter, compared to analyst estimates of $396.60 million. Ferro had a return on equity of 30.06% and a net margin of 4.41%. Ferro’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. As a group, equities research analysts expect that Ferro Co. will post 1.39 EPS for the current year.

A number of large investors have recently made changes to their positions in FOE. Jane Street Group LLC acquired a new stake in Ferro during the 1st quarter worth about $253,000. Goldman Sachs Group Inc. grew its holdings in Ferro by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 488,164 shares of the specialty chemicals company’s stock worth $9,240,000 after acquiring an additional 179,814 shares during the period. Oxford Asset Management LLP acquired a new stake in Ferro during the 1st quarter worth about $3,758,000. Voya Investment Management LLC grew its holdings in Ferro by 39.8% during the 1st quarter. Voya Investment Management LLC now owns 50,301 shares of the specialty chemicals company’s stock worth $952,000 after acquiring an additional 14,327 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in Ferro during the 1st quarter worth about $81,000. 97.67% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on FOE shares. Deutsche Bank reduced their target price on Ferro from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. ValuEngine upgraded Ferro from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Zacks Investment Research cut Ferro from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 21st. BMO Capital Markets cut Ferro from an “outperform” rating to a “market perform” rating and set a $18.83 price target for the company. in a research note on Monday, April 1st. Finally, Northcoast Research cut Ferro from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Ferro currently has a consensus rating of “Hold” and a consensus target price of $20.17.

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Ferro Company Profile

Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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