Insider Buying: Forterra Inc (FRTA) Insider Purchases 10,000 Shares of Stock
Forterra Inc (NASDAQ:FRTA) insider Lori M. Browne bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $4.27 per share, with a total value of $42,700.00. Following the completion of the purchase, the insider now directly owns 27,057 shares of the company’s stock, valued at approximately $115,533.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Forterra Inc (NASDAQ FRTA) traded up 10.73% during trading on Monday, reaching $4.23. 1,680,165 shares of the company’s stock were exchanged. Forterra Inc has a 12 month low of $3.02 and a 12 month high of $22.76. The firm’s market cap is $271.58 million. The firm’s 50-day moving average price is $5.93 and its 200-day moving average price is $12.07.
Forterra (NASDAQ:FRTA) last announced its quarterly earnings data on Thursday, August 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that Forterra Inc will post ($0.50) EPS for the current year.
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Several equities analysts recently weighed in on FRTA shares. Royal Bank Of Canada reissued a “hold” rating and issued a $10.00 target price on shares of Forterra in a research note on Wednesday, August 9th. ValuEngine raised shares of Forterra from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Barclays PLC reissued a “buy” rating and issued a $15.00 target price (down from $18.00) on shares of Forterra in a research note on Monday, July 24th. Zacks Investment Research raised shares of Forterra from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. Finally, Citigroup Inc. decreased their target price on shares of 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 company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.56.
A number of large investors have recently made changes to their positions in FRTA. Teachers Advisors LLC bought a new position in Forterra in the 4th quarter valued at $656,000. Wells Fargo & Company MN grew its stake in Forterra by 168.4% in the 1st quarter. Wells Fargo & Company MN now owns 107,031 shares of the construction company’s stock valued at $2,087,000 after purchasing an additional 67,149 shares during the period. Bank of New York Mellon Corp grew its stake in Forterra by 16.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,939 shares of the construction company’s stock valued at $1,169,000 after purchasing an additional 8,373 shares during the period. TD Asset Management Inc. bought a new position in Forterra in the 1st quarter valued at $285,000. Finally, Alambic Investment Management L.P. bought a new position in Forterra in the 1st quarter valued at $460,000.
Forterra Company Profile
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