TIAA CREF Investment Management LLC grew its holdings in shares of Forterra Inc (NASDAQ:FRTA) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,555 shares of the construction company’s stock after purchasing an additional 3,012 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.07% of Forterra worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FRTA. Bank of New York Mellon Corp increased its position in Forterra by 16.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,939 shares of the construction company’s stock worth $1,169,000 after purchasing an additional 8,373 shares during the period. American International Group Inc. acquired a new position in Forterra during the 1st quarter worth approximately $217,000. Vanguard Group Inc. increased its position in Forterra by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 1,473,404 shares of the construction company’s stock worth $28,731,000 after purchasing an additional 141,793 shares during the period. Geode Capital Management LLC increased its position in Forterra by 10.8% during the 1st quarter. Geode Capital Management LLC now owns 177,008 shares of the construction company’s stock worth $3,451,000 after purchasing an additional 17,245 shares during the period. Finally, Morgan Stanley increased its position in Forterra by 129.8% during the 1st quarter. Morgan Stanley now owns 159,156 shares of the construction company’s stock worth $3,104,000 after purchasing an additional 89,897 shares during the period.

Shares of Forterra Inc (NASDAQ FRTA) opened at $8.96 on Wednesday. The company has a debt-to-equity ratio of 15.19, a quick ratio of 1.43 and a current ratio of 2.56. Forterra Inc has a fifty-two week low of $3.02 and a fifty-two week high of $22.76.

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In related news, Director Chris Meyer bought 62,500 shares of the stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $4.03 per share, for a total transaction of $251,875.00. Following the acquisition, the director now owns 62,500 shares in the company, valued at $251,875. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark D. Carpenter bought 16,500 shares of the stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $4.48 per share, for a total transaction of $73,920.00. Following the acquisition, the insider now owns 34,461 shares in the company, valued at approximately $154,385.28. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 151,574 shares of company stock worth $632,916. Insiders own 0.33% of the company’s stock.

Several equities analysts have issued reports on the company. Citigroup Inc. boosted their target price on Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 price target on shares of Forterra in a report on Wednesday, November 15th. ValuEngine cut Forterra from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Barclays PLC upped their price target on Forterra from $4.00 to $7.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research cut Forterra from a “hold” rating to a “sell” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.36.

About Forterra

Institutional Ownership by Quarter for Forterra (NASDAQ:FRTA)

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