Amalgamated Bank raised its stake in Ferro Corporation (NYSE:FOE) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,767 shares of the specialty chemicals company’s stock after purchasing an additional 564 shares during the period. Amalgamated Bank’s holdings in Ferro Corporation were worth $197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Ferro Corporation in the 1st quarter worth about $109,000. KCG Holdings Inc. bought a new stake in shares of Ferro Corporation in the 1st quarter worth about $181,000. Envestnet Asset Management Inc. increased its position in shares of Ferro Corporation by 14.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,867 shares of the specialty chemicals company’s stock worth $211,000 after purchasing an additional 1,782 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Ferro Corporation by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 11,652 shares of the specialty chemicals company’s stock worth $213,000 after purchasing an additional 120 shares during the last quarter. Finally, Airain ltd bought a new stake in shares of Ferro Corporation in the 2nd quarter worth about $214,000. 95.74% of the stock is owned by institutional investors.

Several research firms have recently weighed in on FOE. Zacks Investment Research raised shares of Ferro Corporation from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, September 5th. BidaskClub raised shares of Ferro Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. KeyCorp reaffirmed a “buy” rating and set a $23.00 price objective on shares of Ferro Corporation in a research report on Friday, September 1st. Finally, Longbow Research reaffirmed a “buy” rating and set a $24.00 price objective (up previously from $22.00) on shares of Ferro Corporation in a research report on Wednesday, August 23rd. Six analysts have rated the stock with a buy rating, Ferro Corporation presently has a consensus rating of “Buy” and an average target price of $23.60.

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Shares of Ferro Corporation (NYSE FOE) opened at 23.50 on Tuesday. The company’s 50 day moving average is $21.15 and its 200-day moving average is $18.58. The company has a market cap of $1.97 billion, a P/E ratio of 166.67 and a beta of 2.04. Ferro Corporation has a 12 month low of $12.46 and a 12 month high of $23.60.

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

Ferro Corporation Profile

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.

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

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