Great West Life Assurance Co. Can continued to hold its stake in Ferro Corporation (NYSE:FOE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,891 shares of the specialty chemicals company’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Ferro Corporation were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY lifted its stake in shares of Ferro Corporation by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 58,315 shares of the specialty chemicals company’s stock worth $886,000 after buying an additional 1,064 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Ferro Corporation by 14.7% in the first quarter. Envestnet Asset Management Inc. now owns 13,867 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 1,782 shares during the last quarter. American International Group Inc. lifted its stake in shares of Ferro Corporation by 7.1% in the first quarter. American International Group Inc. now owns 51,254 shares of the specialty chemicals company’s stock worth $779,000 after buying an additional 3,386 shares during the last quarter. Balter Liquid Alternatives LLC lifted its stake in shares of Ferro Corporation by 1.8% in the first quarter. Balter Liquid Alternatives LLC now owns 196,052 shares of the specialty chemicals company’s stock worth $2,978,000 after buying an additional 3,410 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Ferro Corporation by 6.1% in the first quarter. Parametric Portfolio Associates LLC now owns 104,464 shares of the specialty chemicals company’s stock worth $1,587,000 after buying an additional 5,996 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Ferro Corporation (NYSE FOE) opened at 20.95 on Friday. The company’s 50-day moving average is $19.36 and its 200 day moving average is $17.40. The firm has a market capitalization of $1.75 billion, a PE ratio of 148.58 and a beta of 2.02. Ferro Corporation has a 1-year low of $12.46 and a 1-year high of $21.05.

Ferro Corporation (NYSE:FOE) last released its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Ferro Corporation had a net margin of 1.06% and a return on equity of 35.05%. The business had revenue of $348.60 million during the quarter, compared to analysts’ expectations of $336.14 million. During the same period last year, the business earned $0.34 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts expect that Ferro Corporation will post $1.27 EPS for the current fiscal year.

A number of analysts have recently weighed in on FOE shares. Zacks Investment Research cut shares of Ferro Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. KeyCorp restated a “buy” rating and issued a $23.00 price objective on shares of Ferro Corporation in a research note on Friday, September 1st. Deutsche Bank AG restated a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Ferro Corporation in a research note on Monday, July 31st. Finally, BidaskClub cut shares of Ferro Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Six analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $22.20.

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About Ferro Corporation

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.

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Institutional Ownership by Quarter for Ferro Corporation (NYSE:FOE)

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