OM Group Director Carl R. Christenson Buys 1,000 Shares (OMG)
OM Group (NYSE:OMG) Director Carl R. Christenson purchased 1,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $26.06 per share, with a total value of $26,060.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
OMG has been the subject of a number of recent research reports. Analysts at First Analysis upgraded shares of OM Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 12th. They now have a $31.00 price target on the stock. Separately, analysts at Zacks downgraded shares of OM Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $23.70 price target on the stock. Finally, analysts at Northcoast Research cut their price target on shares of OM Group from $40.00 to $34.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock.
Shares of OM Group (NYSE:OMG) traded down 1.10% on Wednesday, hitting $25.70. 94,342 shares of the company’s stock traded hands. OM Group has a 52 week low of $24.08 and a 52 week high of $37.58. The stock has a 50-day moving average of $28.93 and a 200-day moving average of $30.83. The company has a market cap of $816.7 million and a price-to-earnings ratio of 20.94.
OM Group (NYSE:OMG) last announced its earnings results on Friday, August 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.12. The company had revenue of $297.50 million for the quarter, compared to the consensus estimate of $261.25 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that OM Group will post $1.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, August 20th.
OM Group, Inc is a diversified industrial growth company serving attractive global markets, including automotive systems, electronic devices, aerospace, general industrial and renewable energy.
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