Innophos Holdings VP Louis Calvarin Sells 2,383 Shares (IPHS)
Innophos Holdings (NASDAQ:IPHS) VP Louis Calvarin sold 2,383 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $52.00, for a total value of $123,916.00. Following the completion of the sale, the vice president now directly owns 33,690 shares of the company’s stock, valued at approximately $1,751,880. The transaction was disclosed in a filing with the SEC, which is available at this link.
IPHS has been the subject of a number of recent research reports. Analysts at Sidoti upgraded shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday, February 13th. Analysts at Zacks upgraded shares of Innophos Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $49.20 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Innophos Holdings presently has an average rating of “Buy” and an average target price of $56.55.
Shares of Innophos Holdings (NASDAQ:IPHS) traded up 4.13% on Thursday, hitting $53.21. 130,652 shares of the company’s stock traded hands. Innophos Holdings has a one year low of $44.27 and a one year high of $56.94. The stock’s 50-day moving average is $48.25 and its 200-day moving average is $49.76. The company has a market cap of $1.170 billion and a P/E ratio of 23.68.
Innophos Holdings (NASDAQ:IPHS) last announced its earnings results on Tuesday, February 18th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.04. The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $209.00 million. On average, analysts predict that Innophos Holdings will post $3.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, February 12th.
Innophos Holdings, Inc (NASDAQ:IPHS), is a producer of mineral-based specialty ingredients with applications in food, beverage, pharmaceutical, oral care and industrial end markets.
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