Forterra Inc (NASDAQ:FRTA) Director Chris Meyer bought 62,500 shares of Forterra stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $4.03 per share, with a total value of $251,875.00. Following the completion of the purchase, the director now directly owns 62,500 shares of the company’s stock, valued at $251,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Forterra Inc (FRTA) traded up 10.73% during mid-day trading on Monday, hitting $4.23. 1,680,165 shares of the stock were exchanged. Forterra Inc has a 12-month low of $3.02 and a 12-month high of $22.76. The company’s market capitalization is $271.58 million. The firm has a 50-day moving average price of $5.93 and a 200 day moving average price of $12.07.

Forterra (NASDAQ:FRTA) last issued its quarterly earnings results on Thursday, August 10th. The construction company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.11. The business had revenue of $436.69 million for the quarter, compared to the consensus estimate of $449.68 million. Forterra had a negative return on equity of 45.03% and a negative net margin of 4.72%. On average, equities research analysts expect that Forterra Inc will post ($0.50) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Forterra Inc (FRTA) Director Purchases $251,875.00 in Stock” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/09/11/forterra-inc-frta-director-purchases-251875-00-in-stock.html.

Several large investors have recently added to or reduced their stakes in FRTA. Teachers Advisors LLC bought a new position in shares of Forterra in the fourth quarter valued at $656,000. Wells Fargo & Company MN grew its stake in shares of Forterra by 168.4% in the first quarter. Wells Fargo & Company MN now owns 107,031 shares of the construction company’s stock valued at $2,087,000 after buying an additional 67,149 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Forterra by 16.2% in the first quarter. Bank of New York Mellon Corp now owns 59,939 shares of the construction company’s stock valued at $1,169,000 after buying an additional 8,373 shares in the last quarter. TD Asset Management Inc. bought a new position in shares of Forterra in the first quarter valued at $285,000. Finally, Alambic Investment Management L.P. bought a new position in shares of Forterra in the first quarter valued at $460,000.

A number of research firms have issued reports on FRTA. Citigroup Inc. cut shares of Forterra from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $17.00 in a research note on Tuesday, May 16th. SunTrust Banks, Inc. cut shares of Forterra from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a research note on Tuesday, May 16th. Royal Bank Of Canada cut shares of Forterra from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $23.00 to $16.00 in a research note on Tuesday, May 16th. Barclays PLC reiterated an “overweight” rating and issued a $18.00 target price (down from $23.00) on shares of Forterra in a research note on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of Forterra from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.56.

About Forterra

Receive News & Ratings for Forterra Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra Inc and related companies with MarketBeat.com's FREE daily email newsletter.