Ferro Co. (NYSE:FOE) General Counsel Mark Hugo Duesenberg sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $23.89, for a total value of $430,020.00. Following the transaction, the general counsel now owns 130,545 shares of the company’s stock, valued at $3,118,720.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mark Hugo Duesenberg also recently made the following trade(s):

  • 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 value of $238,000.00.

Shares of Ferro Co. (FOE) opened at $23.52 on Friday. The stock has a market capitalization of $2,013.41, a P/E ratio of 18.76 and a beta of 1.90. Ferro Co. has a twelve month low of $13.55 and a twelve month high of $25.50. The company has a current ratio of 2.48, a quick ratio of 1.53 and a debt-to-equity ratio of 1.94.

Ferro (NYSE:FOE) last released its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Ferro had a return on equity of 35.77% and a net margin of 3.44%. The company had revenue of $350.01 million for the quarter, compared to analyst estimates of $332.28 million. During the same quarter in the prior year, the firm posted $0.27 EPS. Ferro’s quarterly revenue was up 21.3% compared to the same quarter last year. equities research analysts predict that Ferro Co. will post 1.29 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in Ferro by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 11,652 shares of the specialty chemicals company’s stock valued at $213,000 after buying an additional 120 shares during the period. Highlander Capital Management LLC raised its holdings in Ferro by 0.4% during the 2nd quarter. Highlander Capital Management LLC now owns 56,200 shares of the specialty chemicals company’s stock valued at $1,028,000 after buying an additional 200 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Ferro by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,370 shares of the specialty chemicals company’s stock valued at $1,178,000 after buying an additional 519 shares during the period. Amalgamated Bank raised its holdings in Ferro by 5.5% during the 2nd quarter. Amalgamated Bank now owns 10,767 shares of the specialty chemicals company’s stock valued at $197,000 after buying an additional 564 shares during the period. Finally, Cipher Capital LP raised its holdings in Ferro by 2.6% during the 3rd quarter. Cipher Capital LP now owns 100,712 shares of the specialty chemicals company’s stock valued at $2,246,000 after buying an additional 2,505 shares during the period. Institutional investors own 97.26% of the company’s stock.

FOE has been the subject of several recent analyst reports. Zacks Investment Research downgraded Ferro from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. KeyCorp restated an “overweight” rating on shares of Ferro in a research note on Friday, November 10th. Seven analysts have rated the stock with a buy rating, Ferro presently has an average rating of “Buy” and a consensus price target of $23.60.

ILLEGAL ACTIVITY WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/ferro-co-foe-general-counsel-sells-430020-00-in-stock/1777723.html.

Ferro Company Profile

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.

Receive News & Ratings for Ferro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferro and related companies with MarketBeat.com's FREE daily email newsletter.