KLCM Advisors Inc. Invests $203,000 in PPG Industries, Inc. (NYSE:PPG)

KLCM Advisors Inc. acquired a new position in PPG Industries, Inc. (NYSE:PPG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,358 shares of the specialty chemicals company’s stock, valued at approximately $203,000.

A number of other institutional investors have also made changes to their positions in PPG. OFI Invest Asset Management bought a new stake in PPG Industries during the third quarter worth $25,000. Valued Wealth Advisors LLC bought a new stake in PPG Industries during the fourth quarter worth $26,000. SJS Investment Consulting Inc. raised its position in PPG Industries by 588.5% during the fourth quarter. SJS Investment Consulting Inc. now owns 179 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. CVA Family Office LLC bought a new stake in PPG Industries during the fourth quarter worth $28,000. Finally, Harbour Investments Inc. raised its position in PPG Industries by 84.9% during the first quarter. Harbour Investments Inc. now owns 220 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling

In related news, CFO Vincent J. Morales sold 3,400 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $140.94, for a total transaction of $479,196.00. Following the completion of the sale, the chief financial officer now owns 28,439 shares of the company’s stock, valued at $4,008,192.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

PPG Industries Trading Up 1.1 %

PPG stock opened at $134.96 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 1.47. The company’s 50-day simple moving average is $140.60 and its 200 day simple moving average is $138.90. PPG Industries, Inc. has a 52 week low of $120.32 and a 52 week high of $152.89. The company has a market capitalization of $31.76 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.28.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.49 by $0.04. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company posted $1.22 earnings per share. PPG Industries’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 8.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Redburn Atlantic lowered shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Thursday, February 1st. KeyCorp decreased their price objective on shares of PPG Industries from $167.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Wolfe Research assumed coverage on shares of PPG Industries in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $150.00 price objective on shares of PPG Industries in a report on Friday, January 19th. Finally, Wells Fargo & Company upgraded shares of PPG Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $150.00 to $163.00 in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, PPG Industries currently has an average rating of “Moderate Buy” and an average price target of $158.40.

PPG Industries Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.