Ferro Corporation (FOE) Stake Raised by Argent Capital Management LLC

Argent Capital Management LLC grew its position in shares of Ferro Corporation (NYSE:FOE) by 8.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,405 shares of the specialty chemicals company’s stock after buying an additional 15,310 shares during the quarter. Argent Capital Management LLC owned 0.22% of Ferro worth $4,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its position in Ferro by 5.2% during the second quarter. Mutual of America Capital Management LLC now owns 553,847 shares of the specialty chemicals company’s stock valued at $10,130,000 after purchasing an additional 27,340 shares during the period. BNP Paribas Arbitrage SA raised its position 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 valued at $1,667,000 after purchasing an additional 88,246 shares during the period. Kennedy Capital Management Inc. raised its position 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 valued at $24,657,000 after purchasing an additional 176,443 shares during the period. Royal Bank of Canada raised its position 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 valued at $20,021,000 after purchasing an additional 138,061 shares during the period. Finally, Paradice Investment Management LLC raised its position in shares of Ferro by 124.5% during the 2nd quarter. Paradice Investment Management LLC now owns 2,266,259 shares of the specialty chemicals company’s stock valued at $27,082,000 after purchasing an additional 1,256,703 shares during the period. Institutional investors own 97.85% of the company’s stock.

FOE has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Ferro from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Longbow Research restated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Ferro in a report on Wednesday, August 23rd. Finally, KeyCorp reiterated a “buy” rating and set a $23.00 price objective on shares of Ferro in a report on Friday, September 1st. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $23.60.

In other news, CEO Peter T. Thomas sold 22,182 shares of Ferro stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $22.83, for a total value of $506,415.06. Following the transaction, the chief executive officer now owns 374,158 shares of the company’s stock, valued at approximately $8,542,027.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald P. Vargo sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $24.13, for a total transaction 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 disclosure for this sale can be found here. 2.02% of the stock is owned by insiders.

Shares of Ferro Corporation (NYSE FOE) traded down $0.26 during trading on Tuesday, hitting $23.39. 373,000 shares of the stock were exchanged, compared to its average volume of 516,653. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.53 and a current ratio of 2.48. Ferro Corporation has a 52-week low of $13.55 and a 52-week high of $25.50. The stock has a market cap of $1,960.00, a P/E ratio of 18.48 and a beta of 1.90.

Ferro (NYSE:FOE) last issued its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Ferro had a net margin of 3.44% and a return on equity of 35.77%. The firm had revenue of $350.01 million for the quarter, compared to the consensus estimate of $332.28 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. equities research analysts expect that Ferro Corporation will post 1.29 earnings per share for the current fiscal year.

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Ferro Profile

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.

Institutional Ownership by Quarter for Ferro (NYSE:FOE)

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