PPG Industries, Inc. (NYSE: PPG) is -16.08% lower on its value in year-to-date trading and has touched a low of $118.07 and a high of $151.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PPG stock was last observed hovering at around $125.89 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $125.50, the stock is 0.26% and -0.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -0.31% at the moment leaves the stock -7.25% off its SMA200. PPG registered -7.96% loss for a year compared to 6-month loss of -11.19%.
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The stock witnessed a 6.00% gain in the last 1 month and extending the period to 3 months gives it a -3.14%, and is -0.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 1.44% over the month.
PPG Industries, Inc. (PPG) has around 53000 employees, a market worth around $29.28B and $18.10B in sales. Current P/E ratio is 20.57 and Fwd P/E is 13.80. Profit margin for the company is 7.98%. Distance from 52-week low is 6.29% and -16.98% from its 52-week high. The company has generated returns on investments over the last 12 months (10.22%).
PPG Industries, Inc. quarterly earnings per share for the current quarter are estimated at 2.16 with sales reaching $4.67B over the same period.The EPS is expected to grow by 7.51% this year, but quarterly earnings will post -0.30% year-over-year.
1460.0 institutions hold shares in PPG Industries, Inc. (PPG), with institutional investors hold 85.81% of the company’s shares. The shares outstanding are 235.21M, and float is at 232.28M with Short Float at 1.39%. Institutions hold 85.64% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.67 million shares valued at $3.61 billion. The investor’s holdings represent 12.1678 of the PPG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.73 million shares valued at $2.61 billion to account for 8.7987 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.23 million shares representing 4.7647 and valued at over $1.41 billion, while JPMORGAN CHASE & CO holds 4.2081 of the shares totaling 9.91 million with a market value of $1.25 billion.
PPG Industries, Inc. (PPG) Insider Activity
The most recent transaction is an insider purchase by KNAVISH TIMOTHY M, the company’s Chairman and CEO. SEC filings show that KNAVISH TIMOTHY M bought 2,061 shares of the company’s common stock on May 08 ’24 at a price of $133.24 per share for a total of $0.27 million. Following the purchase, the insider now owns 35833.0 shares.
PPG Industries, Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Morales Vincent J (Senior VP & CFO) sold a total of 3,400 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $140.94 per share for $0.48 million. Following the transaction, the insider now directly holds 28439.0 shares of the PPG stock.
