Ferro Co. (NYSE:FOE) insider James Barna sold 12,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.37, for a total value of $280,440.00. Following the transaction, the insider now directly owns 8,428 shares in the company, valued at approximately $196,962.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ferro Co. (NYSE:FOE) traded down $0.01 during trading hours on Thursday, reaching $23.40. The company’s stock had a trading volume of 390,200 shares, compared to its average volume of 517,233. Ferro Co. has a 1 year low of $13.55 and a 1 year high of $25.50. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $1,963.10, a price-to-earnings ratio of 18.29 and a beta of 1.90.

Ferro (NYSE:FOE) last released its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Ferro had a return on equity of 35.77% and a net margin of 3.44%. The firm had revenue of $350.01 million for the quarter, compared to analyst estimates of $332.28 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. sell-side analysts expect that Ferro Co. will post 1.29 EPS for the current year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Ferro from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. ValuEngine lowered Ferro from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Longbow Research reissued a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Ferro in a research note on Wednesday, August 23rd. Finally, KeyCorp reissued an “overweight” rating and issued a $27.00 target price (up previously from $23.00) on shares of Ferro in a research note on Friday, October 13th. Seven research analysts have rated the stock with a buy rating, Ferro has an average rating of “Buy” and an average price target of $23.60.

A number of large investors have recently added to or reduced their stakes in FOE. Amalgamated Bank raised its position in shares of Ferro by 5.5% during the second quarter. Amalgamated Bank now owns 10,767 shares of the specialty chemicals company’s stock worth $197,000 after purchasing an additional 564 shares during the period. Intrust Bank NA acquired a new stake in shares of Ferro during the third quarter worth about $210,000. Principal Financial Group Inc. raised its position in shares of Ferro by 1.0% during the second quarter. Principal Financial Group Inc. now owns 11,652 shares of the specialty chemicals company’s stock worth $213,000 after purchasing an additional 120 shares during the period. Airain ltd acquired a new stake in shares of Ferro during the second quarter worth about $214,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Ferro during the third quarter worth about $217,000. 97.85% of the stock is currently owned by hedge funds and other institutional investors.

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Ferro Company Profile

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.

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