Insider Selling: Forterra plc (LON:FORT) Insider Sells 37,622 Shares of Stock

Forterra plc (LON:FORT) insider Ben Guyatt sold 37,622 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 157 ($2.08), for a total transaction of £59,066.54 ($78,182.05).

Forterra Price Performance

Shares of Forterra stock opened at GBX 177.20 ($2.35) on Thursday. The firm has a market cap of £363.93 million, a PE ratio of 46.20, a P/E/G ratio of 0.30 and a beta of 1.25. Forterra plc has a twelve month low of GBX 146.40 ($1.94) and a twelve month high of GBX 200.50 ($2.65). The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. The business has a 50-day moving average price of GBX 162.48 and a 200 day moving average price of GBX 169.48.

Forterra (LON:FORT) last announced its earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. Sell-side analysts predict that Forterra plc will post 11.9888346 earnings per share for the current fiscal year.

Forterra Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 12th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Forterra’s previous dividend of $1.00. This represents a yield of 1.24%. Forterra’s dividend payout ratio is currently 78.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Forterra from GBX 260 ($3.44) to GBX 320 ($4.24) and gave the company a “buy” rating in a report on Thursday, February 20th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 ($2.25) price objective on shares of Forterra in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada boosted their target price on shares of Forterra from GBX 210 ($2.78) to GBX 220 ($2.91) and gave the company an “outperform” rating in a research note on Thursday, March 13th.

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.