Forterra Inc (NASDAQ:FRTA) CFO Charles Rodney Brown acquired 36,745 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $4.16 per share, for a total transaction of $152,859.20. Following the completion of the acquisition, the chief financial officer now owns 57,762 shares of the company’s stock, valued at approximately $240,289.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ FRTA traded up $0.28 during midday trading on Monday, hitting $4.07. The stock had a trading volume of 368,648 shares, compared to its average volume of 220,488. The company has a market cap of $243.34 million, a PE ratio of -9.25 and a beta of 2.81. Forterra Inc has a 1 year low of $3.25 and a 1 year high of $10.47. The company has a debt-to-equity ratio of 10.83, a current ratio of 2.22 and a quick ratio of 1.24.
Forterra (NASDAQ:FRTA) last released its earnings results on Monday, March 11th. The construction company reported ($0.27) earnings per share for the quarter, meeting the consensus estimate of ($0.27). The business had revenue of $339.16 million for the quarter, compared to the consensus estimate of $369.08 million. Forterra had a negative return on equity of 23.13% and a negative net margin of 1.65%. On average, equities research analysts anticipate that Forterra Inc will post -0.01 EPS for the current fiscal year.
FRTA has been the topic of several research analyst reports. Deutsche Bank dropped their price objective on Forterra to $5.00 and set a “hold” rating on the stock in a report on Sunday, November 25th. Barclays set a $5.00 price objective on Forterra and gave the company a “hold” rating in a report on Wednesday, December 12th. Exane BNP Paribas raised Forterra from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 23rd. BNP Paribas raised Forterra from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 23rd. Finally, Zacks Investment Research raised Forterra from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Friday, January 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Forterra presently has a consensus rating of “Hold” and an average target price of $6.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRTA. Zacks Investment Management purchased a new position in shares of Forterra in the fourth quarter valued at approximately $42,000. Principal Financial Group Inc. lifted its position in shares of Forterra by 22.6% in the fourth quarter. Principal Financial Group Inc. now owns 17,102 shares of the construction company’s stock valued at $64,000 after acquiring an additional 3,152 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Forterra by 22.6% in the fourth quarter. D.A. Davidson & CO. now owns 19,000 shares of the construction company’s stock valued at $71,000 after acquiring an additional 3,500 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Forterra by 16.8% in the fourth quarter. MML Investors Services LLC now owns 22,404 shares of the construction company’s stock valued at $84,000 after acquiring an additional 3,220 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Forterra in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 98.41% of the company’s stock.
Forterra, Inc manufactures and sells water and drainage pipe and products in the United States and Eastern Canada. It also manufactures structural and specialty precast products, and precast concrete bridge girders; and pressure, prestressed concrete, and bar-wrapped concrete pipes. The company serves water-related infrastructure applications, including water transmission, distribution, and drainage; and contractors, distributors, municipalities, and utilities waterworks.
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