Forterra plc (LON:FORT) Insider Katherine Innes Purchases 2,600 Shares of Stock

Forterra plc (LON:FORT) insider Katherine Innes purchased 2,600 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were acquired at an average price of GBX 173 ($2.25) per share, with a total value of £4,498 ($5,840.80).

Forterra Price Performance

Forterra stock opened at GBX 174.60 ($2.27) on Thursday. The stock’s 50 day moving average is GBX 160.78 and its 200-day moving average is GBX 170.01. The company has a market capitalization of £358.59 million, a price-to-earnings ratio of 45.52, a PEG ratio of 0.30 and a beta of 1.25. Forterra plc has a 12 month low of GBX 146.40 ($1.90) and a 12 month high of GBX 200.50 ($2.60). The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58.

Forterra (LON:FORT) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. Equities research analysts expect that Forterra plc will post 11.9888346 EPS for the current year.

Forterra Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 12th will be paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 1.24%. This is an increase from Forterra’s previous dividend of $1.00. Forterra’s dividend payout ratio (DPR) is presently 78.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Forterra from GBX 260 ($3.38) to GBX 320 ($4.16) and gave the company a “buy” rating in a research note on Thursday, February 20th. Royal Bank of Canada upped their price objective on Forterra from GBX 210 ($2.73) to GBX 220 ($2.86) and gave the company an “outperform” rating in a report on Thursday, March 13th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 170 ($2.21) target price on shares of Forterra in a report on Wednesday, March 12th.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.