Ferro Co. (NYSE:FOE) General Counsel Mark Hugo Duesenberg sold 12,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $24.08, for a total transaction of $288,960.00. Following the completion of the sale, the general counsel now directly owns 180,631 shares in the company, valued at approximately $4,349,594.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mark Hugo Duesenberg also recently made the following trade(s):
- On Tuesday, January 9th, Mark Hugo Duesenberg sold 17,000 shares of Ferro stock. The stock was sold at an average price of $24.76, for a total transaction of $420,920.00.
- On Friday, December 15th, Mark Hugo Duesenberg sold 10,000 shares of Ferro stock. The stock was sold at an average price of $23.80, for a total transaction of $238,000.00.
- On Monday, December 18th, Mark Hugo Duesenberg sold 18,000 shares of Ferro stock. The stock was sold at an average price of $23.89, for a total transaction of $430,020.00.
Ferro Co. (FOE) opened at $24.66 on Monday. The stock has a market cap of $2,073.64, a price-to-earnings ratio of 36.26 and a beta of 1.76. The company has a quick ratio of 1.41, a current ratio of 2.32 and a debt-to-equity ratio of 2.04. Ferro Co. has a fifty-two week low of $13.56 and a fifty-two week high of $25.50.
Several analysts recently weighed in on FOE shares. ValuEngine cut shares of Ferro from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Seaport Global Securities reissued a “buy” rating on shares of Ferro in a research note on Tuesday, March 6th. Northcoast Research reissued a “buy” rating and issued a $28.00 price objective on shares of Ferro in a research note on Tuesday, March 6th. Finally, Zacks Investment Research raised shares of Ferro from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $24.50.
Hedge funds have recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC acquired a new position in Ferro in the fourth quarter valued at $207,000. SG Americas Securities LLC acquired a new position in Ferro in the fourth quarter valued at $211,000. Intrust Bank NA acquired a new position in Ferro in the third quarter valued at $210,000. Prudential Financial Inc. acquired a new position in Ferro in the third quarter valued at $217,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Ferro in the fourth quarter valued at $237,000. Institutional investors and hedge funds own 95.72% of the company’s stock.
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Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.
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