FORTERRA INC (NASDAQ:FRTA) insider Lori M. Browne purchased 10,000 shares of FORTERRA INC stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $4.27 per share, for a total transaction of $42,700.00. Following the completion of the transaction, the insider now directly owns 27,057 shares in the company, valued at approximately $115,533.39. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
FORTERRA INC (FRTA) opened at 4.23 on Tuesday. The firm has a 50 day moving average price of $5.93 and a 200-day moving average price of $12.07. FORTERRA INC has a 12 month low of $3.02 and a 12 month high of $22.76. The firm’s market capitalization is $271.58 million.
FORTERRA INC (NASDAQ:FRTA) last released its earnings results on Thursday, August 10th. The construction company reported ($0.02) earnings per share (EPS) 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 analyst estimates of $449.68 million. FORTERRA INC 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) EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Greywolf Capital Management LP acquired a new stake in FORTERRA INC in the 2nd quarter valued at approximately $2,346,000. State Street Corp lifted its position in shares of FORTERRA INC by 6.7% in the 2nd quarter. State Street Corp now owns 290,531 shares of the construction company’s stock worth $2,390,000 after acquiring an additional 18,161 shares during the period. Capital World Investors bought a new stake in shares of FORTERRA INC in the 2nd quarter worth approximately $25,249,000. Goldman Sachs Group Inc. lifted its position in shares of FORTERRA INC by 88.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 425,456 shares of the construction company’s stock worth $3,502,000 after acquiring an additional 199,520 shares during the period. Finally, Redwood Capital Management LLC bought a new stake in shares of FORTERRA INC in the 2nd quarter worth approximately $7,700,000.
FRTA has been the topic of several recent research reports. Royal Bank Of Canada lowered FORTERRA INC from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $23.00 to $16.00 in a research report on Tuesday, May 16th. SunTrust Banks, Inc. lowered FORTERRA INC from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research report on Tuesday, May 16th. Citigroup Inc. lowered FORTERRA INC from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $17.00 in a research report on Tuesday, May 16th. Barclays PLC reaffirmed an “overweight” rating and issued a $18.00 target price (down from $23.00) on shares of FORTERRA INC in a research report on Wednesday, May 17th. Finally, Zacks Investment Research lowered FORTERRA INC from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.56.
FORTERRA INC Company Profile
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