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.

ILLEGAL ACTIVITY NOTICE: “Forterra Inc (FRTA) Insider Buys $73,920.00 in Stock” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/14/forterra-inc-frta-insider-buys-73920-00-in-stock.html.

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

Insider Buying and Selling by Quarter for Forterra (NASDAQ:FRTA)

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.