Top institutional investors include BlackRock Inc. (8.20%), State Street Corp (4.67%), Geode Capital Management LLC (2.11%), Clearbridge Investments LLC (1.61%), Wells Fargo & Company MN (1.54%) and Northern Trust Corp (0.96%). Insiders that own company stock include Anne M Foulkes, Michael H Mcgarry, Rebecca B Liebert, Timothy M Knavish, Vadlamannati Ramaprasad, Vincent J Morales and William E Schaupp. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
PPG earnings call for the period ending December 31, 2022. PPG earnings call for the period ending June 30, 2023. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
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- Year-to-date new-home sales through July were about even with the year-ago period, compared with a 22% decline in existing-home sales.
- Learn how to know if a stock is overvalued, the criteria to look for in an overvalued stock, and a list of three overvalued stocks in the U.S stock market this year.
- The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
- New-home sales have remained resilient despite worsening housing affordability in recent months amid rising mortgage rates, with little relief in home prices in most markets.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. PPG Industries, Inc. engages in the manufacture and distribution of paints, coatings, and specialty materials.
Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.
But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed buy. According to 17 analysts, the average rating for PPG stock is „Buy.” The 12-month stock price forecast is $157.88, which is an increase of 16.50% from the latest price. PPG Industries issued an update on its third quarter 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $1.85-$1.95 for the period, compared to the consensus estimate of $1.87. PPG Industries saw a increase in short interest in the month of August.
Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of PPG’s
competitive advantage. QUATTORDIO, Italy–(BUSINESS WIRE)–PPG inaugurates center of excellence in Italy that increases efficiency for automotive color development. These stocks are suffering from near-term headwinds, but long-term growth prospects look good.
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
Introducing Limitless: GLIDDEN Paint by PPG’s ‘Anything but Yellow’ 2024 Color of the Year
Although, there may be another chance to buy again in the future. This is because PPG Industries’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall by more than the rest of the market, providing a prime buying opportunity. New-home sales have remained resilient despite worsening housing affordability in recent months amid rising mortgage rates, with little relief in home prices in most markets. Year-to-date new-home sales through July were about even with the year-ago period, compared with a 22% decline in existing-home sales.
- A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- PPG Industries issued an update on its third quarter 2023 earnings guidance on Thursday, July, 20th.
- Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.
The key to homebuilders’ relative success this year has been their ability to improve affordability by offering sales incentives, lowering base prices, and building smaller homes. According to the National Association of Home Builders, the share of builders offering incentives was 55% in August, up from 52% in July sreelakshmi suresh net worth but down from 62% last year. One fourth of homebuilders reported lowering base prices by 6% on average. Homebuilders have also boosted production of speculative homes to capitalize on the tight supply of existing for-sale homes. Spec building also helps builders better manage construction cycle times and costs.
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If you are no longer interested in PPG Industries, you can use our free platform to see our list of over 50 other stocks with a high growth potential. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (’V’ for Value, 'G’ for Growth and 'M’ for Momentum), which combines the weighted average of the individual style scores into one score. We’d like to share more about how we work and what drives our day-to-day business. Compare
PPG’s historical performance
against its industry peers and the overall market.
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. If you’ve been keeping an eye on PPG for a while, now might be the time to make a leap. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy PPG.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. PPG earnings call for the period ending June 30, 2022. PPG earnings call for the period ending September 30, 2022.
As of August 31st, there was short interest totaling 2,470,000 shares, an increase of 48.8% from the August 15th total of 1,660,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.1% of the company’s shares are sold short.
Learn how to know if a stock is overvalued, the criteria to look for in an overvalued stock, and a list of three overvalued stocks in the U.S stock market this year. Get a list of current — and potential future — Dividend Kings and learn how to leverage these strong companies to build wealth. One share of PPG stock can currently be purchased for approximately $134.43.
337 employees have rated PPG Industries Chief Executive Officer Michael H. McGarry on Glassdoor.com. Michael H. McGarry has an approval rating of 65% among the company’s employees.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. PPG’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Savvy investors seek out top defensive stocks in times of uncertainty.
With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares.