Do Institutional Investors Hate Ferro Corp (NYSE:FOE)?

May 17, 2018 - By Robert Crowder

Ferro Corporation (NYSE:FOE) Logo

Sentiment for Ferro Corp (NYSE:FOE)

Ferro Corp (NYSE:FOE) institutional sentiment decreased to 0.88 in Q4 2017. Its down -0.12, from 1 in 2017Q3. The ratio fall, as 79 hedge funds opened new and increased holdings, while 90 reduced and sold equity positions in Ferro Corp. The hedge funds in our partner’s database now possess: 78.76 million shares, down from 81.19 million shares in 2017Q3. Also, the number of hedge funds holding Ferro Corp in their top 10 holdings was flat from 5 to 5 for the same number . Sold All: 15 Reduced: 75 Increased: 50 New Position: 29.

Ferro Corporation produces specialty materials in the United States and internationally. The company has market cap of $1.81 billion. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Pigments, Powders and Oxides. It has a 32.06 P/E ratio. The firm offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

The stock increased 0.28% or $0.06 during the last trading session, reaching $21.48. About 54,329 shares traded. Ferro Corporation (NYSE:FOE) has risen 57.96% since May 17, 2017 and is uptrending. It has outperformed by 46.41% the S&P500.

Analysts await Ferro Corporation (NYSE:FOE) to report earnings on July, 25. They expect $0.45 earnings per share, up 21.62 % or $0.08 from last year’s $0.37 per share. FOE’s profit will be $37.98M for 11.93 P/E if the $0.45 EPS becomes a reality. After $0.36 actual earnings per share reported by Ferro Corporation for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Wilen Investment Management Corp. holds 3.38% of its portfolio in Ferro Corporation for 222,446 shares. Teton Advisors Inc. owns 1.16 million shares or 2.52% of their US portfolio. Moreover, Skyline Asset Management Lp has 2.35% invested in the company for 1.24 million shares. The Wisconsin-based Broadview Advisors Llc has invested 2.34% in the stock. Copper Rock Capital Partners Llc, a Massachusetts-based fund reported 1.53 million shares.

Since January 1, 0001, it had 0 buys, and 6 insider sales for $1.98 million activity.

Ferro Corporation (NYSE:FOE) Ratings Coverage

Ratings analysis reveals 100% of Ferro Corp’s analysts are positive. Out of 2 Wall Street analysts rating Ferro Corp, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $28.0 while the high is $2900. The stock’s average target of $28.50 is 32.68% above today’s ($21.48) share price. FOE was included in 2 notes of analysts from March 5, 2018. On Tuesday, March 27 the stock rating was initiated by BMO Capital Markets with “Buy”. The rating was maintained by Northcoast on Monday, March 5 with “Buy”.

More news for Ferro Corporation (NYSE:FOE) were recently published by: Seekingalpha.com, which released: “Ferro up 3% on Q1 results, reaffirms guidance” on May 02, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Cerus, Health Insurance Innovations, Tetra Tech, Ferro, Dril-Quip, and MSC …” and published on May 15, 2018 is yet another important article.

Ferro Corporation (NYSE:FOE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: