Loma Negra Compania Industrial Argentina (NYSE:LOMA) Stock Price Up 5.1% – Should You Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)’s stock price was up 5.1% during trading on Thursday. The stock traded as high as $10.02 and last traded at $10.0040. Approximately 616,091 shares were traded during trading, an increase of 31% from the average session volume of 470,208 shares. The stock had previously closed at $9.52.

Wall Street Analyst Weigh In

LOMA has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday, August 12th. Weiss Ratings cut Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Finally, Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Loma Negra Compania Industrial Argentina presently has a consensus rating of “Moderate Buy”.

Loma Negra Compania Industrial Argentina Price Performance

The firm has a market cap of $1.17 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 0.29 and a beta of 0.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.25 and a quick ratio of 0.72. The firm’s 50 day moving average is $9.83 and its 200 day moving average is $10.83.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last announced its earnings results on Thursday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). Loma Negra Compania Industrial Argentina had a net margin of 5.05% and a return on equity of 3.79%. The business had revenue of $160.41 million for the quarter, compared to the consensus estimate of $108.44 million. As a group, analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

A number of institutional investors have recently made changes to their positions in the company. Fourth Sail Capital LP increased its holdings in shares of Loma Negra Compania Industrial Argentina by 1.4% in the 4th quarter. Fourth Sail Capital LP now owns 2,404,072 shares of the company’s stock worth $31,133,000 after purchasing an additional 32,148 shares in the last quarter. ABS Direct Equity Fund LLC grew its position in Loma Negra Compania Industrial Argentina by 73.1% during the first quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock valued at $1,996,000 after buying an additional 75,971 shares during the period. Crocodile Capital Partners GmbH raised its holdings in Loma Negra Compania Industrial Argentina by 47.6% in the 2nd quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock worth $1,686,000 after purchasing an additional 47,514 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. lifted its position in shares of Loma Negra Compania Industrial Argentina by 72.6% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock valued at $1,635,000 after buying an additional 62,010 shares in the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina Sociedad Anónima is an Argentina-based manufacturer of cement and related construction materials. The company produces and sells cement, masonry cement, ready-mix concrete and aggregates for residential, commercial and infrastructure projects. It also produces lime used in construction and industrial applications.

Founded in 1926, Loma Negra has developed an integrated production and distribution network serving customers throughout Argentina. Its operations include cement plants, concrete facilities and distribution centers, allowing the company to supply construction markets across multiple regions of the country.

Loma Negra serves building-material distributors, contractors, developers and infrastructure companies.