PPG Industries, Inc. (NYSE:PPG) Shares Purchased by Threadgill Financial LLC

Threadgill Financial LLC boosted its stake in PPG Industries, Inc. (NYSE:PPG) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,198 shares of the specialty chemicals company’s stock after purchasing an additional 267 shares during the period. PPG Industries makes up 2.5% of Threadgill Financial LLC’s portfolio, making the stock its 15th largest position. Threadgill Financial LLC’s holdings in PPG Industries were worth $3,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Columbia Trust Co 01012016 boosted its stake in shares of PPG Industries by 12.8% during the 4th quarter. Columbia Trust Co 01012016 now owns 8,268 shares of the specialty chemicals company’s stock worth $1,236,000 after acquiring an additional 936 shares in the last quarter. Schechter Investment Advisors LLC purchased a new stake in shares of PPG Industries during the 4th quarter worth approximately $241,000. Tectonic Advisors LLC boosted its stake in shares of PPG Industries by 3.4% during the 4th quarter. Tectonic Advisors LLC now owns 34,680 shares of the specialty chemicals company’s stock worth $5,186,000 after acquiring an additional 1,141 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of PPG Industries by 4,484.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 723,690 shares of the specialty chemicals company’s stock worth $108,228,000 after acquiring an additional 707,903 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in PPG Industries in the 4th quarter valued at approximately $210,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insider Buying and Selling at PPG Industries

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

PPG Industries Stock Performance

Shares of PPG stock opened at $144.54 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. PPG Industries, Inc. has a one year low of $120.32 and a one year high of $152.89. The company’s 50-day simple moving average is $141.22 and its 200-day simple moving average is $138.04. The stock has a market capitalization of $34.02 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.40 and a beta of 1.28.

PPG Industries (NYSE:PPG) last issued its earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company posted $1.22 earnings per share. PPG Industries’s revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that PPG Industries, Inc. will post 8.45 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Thursday, February 15th were paid a $0.65 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.60 annualized dividend and a dividend yield of 1.80%. PPG Industries’s payout ratio is currently 48.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PPG shares. UBS Group reaffirmed a “neutral” rating and issued a $156.00 target price (down previously from $173.00) on shares of PPG Industries in a research note on Thursday, March 7th. KeyCorp boosted their price target on PPG Industries from $166.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, January 9th. Wells Fargo & Company boosted their price target on PPG Industries from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. Redburn Atlantic downgraded PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a report on Thursday, February 1st. Finally, Wolfe Research started coverage on PPG Industries in a report on Friday, March 1st. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $157.13.

About PPG Industries

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.