Beacon Financial Advisory LLC Makes New $931,000 Investment in PPG Industries, Inc. $PPG

Beacon Financial Advisory LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,707 shares of the specialty chemicals company’s stock, valued at approximately $931,000.

Several other large investors also recently made changes to their positions in the stock. Pzena Investment Management LLC increased its position in PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after buying an additional 5,351,103 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of PPG Industries by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after acquiring an additional 2,521,004 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of PPG Industries by 48.9% during the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock worth $716,256,000 after acquiring an additional 2,295,118 shares during the last quarter. Norges Bank bought a new stake in PPG Industries in the 4th quarter valued at $209,355,000. Finally, Bank of Montreal Can lifted its holdings in PPG Industries by 254.9% during the 4th quarter. Bank of Montreal Can now owns 1,334,707 shares of the specialty chemicals company’s stock valued at $136,754,000 after purchasing an additional 958,580 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group reduced their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Royal Bank Of Canada restated a “sector perform” rating and set a $119.00 target price on shares of PPG Industries in a research note on Wednesday, June 10th. The Goldman Sachs Group reduced their target price on shares of PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. UBS Group upped their price target on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Citigroup increased their price target on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, PPG Industries presently has an average rating of “Hold” and a consensus target price of $124.40.

PPG Industries Stock Performance

NYSE PPG opened at $125.30 on Friday. The firm has a 50-day moving average price of $113.12 and a two-hundred day moving average price of $111.91. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a market capitalization of $27.93 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.83 and a beta of 1.05. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts anticipate that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were issued a $0.71 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.3%. PPG Industries’s payout ratio is currently 40.51%.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.