Burford Brothers Inc. Invests $707,000 in PPG Industries, Inc. (NYSE:PPG)

Burford Brothers Inc. acquired a new stake in PPG Industries, Inc. (NYSE:PPG) during the fourth quarter, Holdings Channel.com reports. The fund acquired 5,920 shares of the specialty chemicals company’s stock, valued at approximately $707,000.

Other institutional investors have also added to or reduced their stakes in the company. PFW Advisors LLC bought a new stake in shares of PPG Industries during the 4th quarter valued at approximately $868,000. Equity Investment Corp grew its stake in shares of PPG Industries by 7.0% during the third quarter. Equity Investment Corp now owns 649,301 shares of the specialty chemicals company’s stock worth $86,006,000 after buying an additional 42,380 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of PPG Industries during the third quarter worth $604,000. JGP Wealth Management LLC bought a new position in shares of PPG Industries in the 4th quarter valued at $4,050,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of PPG Industries by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,571,753 shares of the specialty chemicals company’s stock valued at $340,654,000 after acquiring an additional 15,161 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Performance

NYSE:PPG opened at $115.48 on Monday. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.99 and a beta of 1.23. The business has a 50 day moving average of $121.11 and a 200 day moving average of $124.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a 1-year low of $113.00 and a 1-year high of $145.60.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. On average, sell-side analysts predict that PPG Industries, Inc. will post 7.9 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.36%. PPG Industries’s dividend payout ratio is presently 57.51%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PPG. Citigroup reduced their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. StockNews.com cut shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. UBS Group cut their price target on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada decreased their price objective on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Tuesday, October 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 target price (down from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PPG Industries has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.