FORTERRA INC (NASDAQ:FRTA) insider Lori M. Browne purchased 10,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were bought at an average price of $4.27 per share, with a total value of $42,700.00. Following the purchase, the insider now owns 27,057 shares in the company, valued at $115,533.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
FORTERRA INC (NASDAQ FRTA) opened at 4.64 on Wednesday. The company’s 50-day moving average is $4.23 and its 200-day moving average is $17.78. The company’s market cap is $297.90 million. FORTERRA INC has a 12 month low of $3.85 and a 12 month high of $22.76.
FORTERRA INC (NASDAQ:FRTA) last announced its quarterly earnings data on Thursday, August 10th. The construction company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.11). FORTERRA INC had a negative net margin of 4.72% and a negative return on equity of 45.03%. The business had revenue of $436.69 million for the quarter, compared to analyst estimates of $449.68 million. On average, equities research analysts expect that FORTERRA INC will post ($0.50) EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Taylor Asset Management Inc. purchased a new stake in FORTERRA INC in the 2nd quarter worth $240,000. American International Group Inc. purchased a new stake in shares of FORTERRA INC during the first quarter worth $217,000. FMR LLC purchased a new stake in shares of FORTERRA INC during the first quarter worth $31,062,000. Schwab Charles Investment Management Inc. grew its holdings in shares of FORTERRA INC by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 67,654 shares of the construction company’s stock worth $1,320,000 after buying an additional 3,762 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in shares of FORTERRA INC by 19.6% during the first quarter. Credit Suisse AG now owns 378,198 shares of the construction company’s stock worth $7,375,000 after buying an additional 61,871 shares in the last quarter.
Several equities research analysts have recently issued reports on the stock. SunTrust Banks, Inc. lowered shares of FORTERRA INC from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a research note on Tuesday, May 16th. Royal Bank Of Canada downgraded shares of FORTERRA INC from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $23.00 to $16.00 in a report on Tuesday, May 16th. Citigroup Inc. downgraded shares of FORTERRA INC from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $17.00 in a report on Tuesday, May 16th. Barclays PLC reissued an “overweight” rating and issued a $18.00 price target (down from $23.00) on shares of FORTERRA INC in a report on Wednesday, May 17th. Finally, Zacks Investment Research downgraded shares of FORTERRA INC from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.56.
About FORTERRA INC
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