Forterra Inc (FRTA) Director Buys $100,596.21 in Stock
Forterra Inc (NASDAQ:FRTA) Director John R. Mcpherson purchased 23,449 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $4.29 per share, with a total value of $100,596.21. Following the completion of the purchase, the director now directly owns 24,579 shares of the company’s stock, valued at approximately $105,443.91. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Forterra Inc (NASDAQ FRTA) traded down 7.85% during trading on Friday, reaching $4.11. 2,852,016 shares of the company’s stock were exchanged. Forterra Inc has a 52-week low of $3.85 and a 52-week high of $22.76. The company’s market capitalization is $263.87 million. The company has a 50 day moving average price of $4.45 and a 200-day moving average price of $13.19.
Forterra (NASDAQ:FRTA) last posted its earnings results 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 business had revenue of $436.69 million during the quarter, compared to the consensus estimate of $449.68 million. Forterra had a negative net margin of 4.72% and a negative return on equity of 45.03%. On average, equities analysts forecast that Forterra Inc will post ($0.50) earnings per share for the current year.
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A number of research firms recently commented on FRTA. Zacks Investment Research downgraded Forterra from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Barclays PLC reiterated a “buy” rating and issued a $15.00 price target (down from $18.00) on shares of Forterra in a research note on Monday, July 24th. ValuEngine downgraded Forterra from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Royal Bank Of Canada decreased their price target on Forterra from $16.00 to $10.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 27th. Finally, Citigroup Inc. decreased their price target on Forterra from $17.00 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, June 22nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.56.
A number of hedge funds and other institutional investors have recently bought and sold shares of FRTA. Teachers Advisors LLC bought a new stake in Forterra in the fourth quarter valued at about $656,000. Wells Fargo & Company MN increased its stake in 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 acquiring an additional 67,149 shares during the period. Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 8,373 shares during the period. TD Asset Management Inc. bought a new stake in Forterra in the first quarter valued at about $285,000. Finally, Alambic Investment Management L.P. bought a new stake in Forterra in the first quarter valued at about $460,000.
Forterra Company Profile
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