PPG Industries, Inc (NYSE: PPG) is -15.76% 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 $125.76 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $125.98, the stock is -0.97% and -1.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 0.17% at the moment leaves the stock -4.38% off its SMA200. PPG registered -1.43% loss for a year compared to 6-month loss of -6.23%. The firm has a 50-day simple moving average (SMA 50) of $127.8186 and a 200-day simple moving average (SMA200) of $131.8319.
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The stock witnessed a -1.15% gain in the last 1 month and extending the period to 3 months gives it a 5.65%, and is 1.18% up 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 1.65% over the week and 1.55% over the month.
PPG Industries, Inc (PPG) has around 53000 employees, a market worth around $29.23B and $18.03B in sales. Current P/E ratio is 19.98 and Fwd P/E is 14.20. Profit margin for the company is 8.24%. Distance from 52-week low is 6.70% and -16.66% from its 52-week high. The company has generated returns on investments over the last 12 months (10.23%).
The EPS is expected to grow by 6.52% this year
1456.0 institutions hold shares in PPG Industries, Inc (PPG), with institutional investors hold 86.00% of the company’s shares. The shares outstanding are 235.21M, and float is at 230.99M with Short Float at 0.87%. Institutions hold 85.83% 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 sale by Foulkes Anne M., the company’s Sr. VP and General Counsel. SEC filings show that Foulkes Anne M. sold 1,985 shares of the company’s common stock on Oct 31 ’24 at a price of $125.80 per share for a total of $0.25 million. Following the sale, the insider now owns 13454.0 shares.
Still, SEC filings show that on May 08 ’24, KNAVISH TIMOTHY M (Chairman and CEO) acquired 2,061 shares at an average price of $133.24 for $0.27 million. The insider now directly holds 35,833 shares of PPG Industries, Inc (PPG).
