Ferro Co. (NYSE:FOE) General Counsel Mark Hugo Duesenberg sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $23.89, for a total transaction of $430,020.00. Following the transaction, the general counsel now owns 130,545 shares of the company’s stock, valued at approximately $3,118,720.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Mark Hugo Duesenberg also recently made the following trade(s):
- On Tuesday, January 9th, Mark Hugo Duesenberg sold 17,000 shares of Ferro stock. The stock was sold at an average price of $24.76, for a total transaction of $420,920.00.
- On Friday, December 15th, Mark Hugo Duesenberg sold 10,000 shares of Ferro stock. The stock was sold at an average price of $23.80, for a total transaction of $238,000.00.
Shares of Ferro Co. (NYSE FOE) opened at $24.13 on Thursday. Ferro Co. has a 52-week low of $13.55 and a 52-week high of $25.50. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.48 and a quick ratio of 1.53. The stock has a market cap of $2,020.00, a price-to-earnings ratio of 46.40 and a beta of 1.94.
Ferro (NYSE:FOE) last posted its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Ferro had a net margin of 3.44% and a return on equity of 35.77%. The business had revenue of $350.01 million during the quarter, compared to the consensus estimate of $332.28 million. During the same quarter last year, the firm posted $0.27 EPS. Ferro’s revenue was up 21.3% compared to the same quarter last year. equities analysts forecast that Ferro Co. will post 1.29 earnings per share for the current year.
FOE has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ferro from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, October 13th. ValuEngine downgraded shares of Ferro from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $23.80.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mutual of America Capital Management LLC boosted its holdings in Ferro by 5.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 553,847 shares of the specialty chemicals company’s stock worth $10,130,000 after acquiring an additional 27,340 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Ferro by 3,040.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 91,148 shares of the specialty chemicals company’s stock worth $1,667,000 after purchasing an additional 88,246 shares during the period. Kennedy Capital Management Inc. raised its stake in shares of Ferro by 15.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 1,348,104 shares of the specialty chemicals company’s stock worth $24,657,000 after purchasing an additional 176,443 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ferro by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,581,662 shares of the specialty chemicals company’s stock worth $35,112,000 after purchasing an additional 69,335 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Ferro by 14.4% during the 2nd quarter. Royal Bank of Canada now owns 1,094,643 shares of the specialty chemicals company’s stock worth $20,021,000 after purchasing an additional 138,061 shares during the period. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
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Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.
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