Forterra Inc (FRTA) Insider Buys $73,920.00 in Stock
Forterra Inc (NASDAQ:FRTA) insider Mark D. Carpenter purchased 16,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $4.48 per share, for a total transaction of $73,920.00. Following the acquisition, the insider now directly owns 34,461 shares in the company, valued at approximately $154,385.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Forterra Inc (NASDAQ:FRTA) traded down 0.11% during mid-day trading on Thursday, reaching $4.45. The company had a trading volume of 1,471,481 shares. The stock’s market capitalization is $285.38 million. Forterra Inc has a 52 week low of $3.85 and a 52 week high of $22.76. The stock has a 50 day moving average of $4.45 and a 200 day moving average of $13.19.
Forterra (NASDAQ:FRTA) last released its quarterly earnings data on Thursday, August 10th. The construction company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.11). The company had revenue of $436.69 million for the quarter, compared to analyst estimates of $449.68 million. Forterra had a negative return on equity of 45.03% and a negative net margin of 4.72%. Analysts anticipate that Forterra Inc will post ($0.50) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRTA. Voya Investment Management LLC acquired a new position in Forterra during the second quarter worth $104,000. Credit Agricole S A purchased a new stake in Forterra in the first quarter valued at $139,000. Rhumbline Advisers raised its position in Forterra by 28.7% in the second quarter. Rhumbline Advisers now owns 19,598 shares of the construction company’s stock valued at $161,000 after purchasing an additional 4,365 shares during the period. American International Group Inc. purchased a new stake in Forterra in the first quarter valued at $217,000. Finally, Taylor Asset Management Inc. purchased a new stake in Forterra in the second quarter valued at $240,000.
Several research firms recently weighed in on FRTA. Zacks Investment Research upgraded Forterra from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Citigroup Inc. decreased their price target on Forterra from $8.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, August 14th. Barclays PLC lowered Forterra from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $15.00 to $4.00 in a report on Friday, August 11th. ValuEngine upgraded Forterra from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $10.00 price target on shares of Forterra in a report on Wednesday, August 9th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Forterra currently has an average rating of “Hold” and a consensus target price of $15.56.
Forterra Company Profile
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