Ferro Co. (NYSE:FOE) General Counsel Mark Hugo Duesenberg sold 17,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $24.76, for a total transaction of $420,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Mark Hugo Duesenberg also recently made the following trade(s):
- 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.
- On Monday, December 18th, Mark Hugo Duesenberg sold 18,000 shares of Ferro stock. The stock was sold at an average price of $23.89, for a total transaction of $430,020.00.
Ferro Co. (FOE) traded down $0.46 during trading on Wednesday, reaching $24.13. 414,830 shares of the company traded hands, compared to its average volume of 489,066. 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 Co. has a one year low of $13.55 and a one year high of $25.50. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94.
Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank grew its holdings in Ferro 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 buying an additional 564 shares in the last quarter. Intrust Bank NA purchased a new stake in Ferro during the 3rd quarter valued at approximately $210,000. Principal Financial Group Inc. grew its holdings in Ferro by 1.0% during 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 in the last quarter. Prudential Financial Inc. purchased a new stake in Ferro during the 3rd quarter valued at approximately $217,000. Finally, TIAA FSB purchased a new stake in Ferro during the 2nd quarter valued at approximately $256,000. 97.26% of the stock is owned by institutional investors and hedge funds.
FOE has been the subject of several analyst reports. Zacks Investment Research lowered shares of Ferro from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine lowered shares of Ferro from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, KeyCorp reissued an “overweight” rating and issued a $27.00 target price (up from $23.00) on shares of Ferro in a report on Friday, October 13th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Ferro has an average rating of “Buy” and an average price target of $23.80.
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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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