Boston Partners grew its holdings in shares of Ferro Corporation (NYSE:FOE) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 820,462 shares of the specialty chemicals company’s stock after purchasing an additional 17,615 shares during the quarter. Boston Partners owned about 0.98% of Ferro Corporation worth $18,296,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. bought a new position in shares of Ferro Corporation during the 3rd quarter valued at $217,000. Amalgamated Bank raised its holdings in shares of Ferro Corporation by 5.5% during the 2nd quarter. Amalgamated Bank now owns 10,767 shares of the specialty chemicals company’s stock valued at $197,000 after purchasing an additional 564 shares in the last quarter. Principal Financial Group Inc. grew its stake in Ferro Corporation by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 11,652 shares of the specialty chemicals company’s stock valued at $213,000 after buying an additional 120 shares during the last quarter. Airain ltd acquired a new position in Ferro Corporation in the 2nd quarter valued at $214,000. Finally, KCG Holdings Inc. acquired a new position in Ferro Corporation in the 1st quarter valued at $181,000. Institutional investors and hedge funds own 97.57% of the company’s stock.
In other Ferro Corporation news, Director Ronald P. Vargo sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $24.13, for a total value of $289,560.00. Following the sale, the director now directly owns 43,450 shares in the company, valued at approximately $1,048,448.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.02% of the company’s stock.
Ferro Corporation (FOE) opened at $23.63 on Tuesday. Ferro Corporation has a 12 month low of $13.55 and a 12 month high of $24.84. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94. The stock has a market cap of $1,997.48, a price-to-earnings ratio of 18.61 and a beta of 1.90.
Ferro Corporation (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, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $350.01 million for the quarter, compared to analyst estimates of $332.28 million. Ferro Corporation had a net margin of 3.44% and a return on equity of 35.77%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. equities analysts anticipate that Ferro Corporation will post 1.29 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on FOE shares. Zacks Investment Research upgraded shares of Ferro Corporation from a “sell” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, July 31st. KeyCorp reiterated an “overweight” rating on shares of Ferro Corporation in a research note on Friday. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 target price (up from $20.00) on shares of Ferro Corporation in a research note on Monday, July 31st. Finally, BidaskClub upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $23.60.
About Ferro Corporation
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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