Analyst Expects PPG Industries, Inc. (NYSE: PPG) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, PPG falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. The current market capitalization of PPG Industries, Inc. is $29.37B. A total of 1.12 million shares were traded on the day, compared to an average of 1.57M shares.

In the most recent transaction, KNAVISH TIMOTHY M bought 2,061 shares of PPG for 133.24 per share on May 08 ’24. After the transaction, the Chairman and CEO now owns 35,833 company shares. In a previous transaction on Mar 01 ’24, Morales Vincent J sold 3,400 shares at 140.94 per share. PPG shares that Senior VP & CFO owns now total 28,439.

Among the insiders who sold shares, Morales Vincent J disposed of 3,700 shares on Aug 01 ’23 at a per-share price of $143.33. This resulted in the Senior VP & CFO holding 22,665 shares of PPG after the transaction. In another insider transaction, MCGARRY MICHAEL H sold 58,378 shares at $145.46 per share on Jul 26 ’23. Company shares held by the Executive Chairman now total 195,706.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. PPG Industries, Inc. pays an annual dividend of $2.60, resulting in a dividend yield of 2.08%, and it has a price to earnings (P/E) ratio of 21.13. PPG’s most recent ex-dividend date was 5/9/2024 when it declared a $0.65 quarterly dividend that was paid in cash on 6/12/2024. Previously, the company paid the dividend on 3/12/2024 with an ex-dividend date of 2/15/2024. The PPG stock dividend was $0.65 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PPG has a high of $152.89 and a low of $120.32.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PPG’s latest balance sheet shows that the firm has $1.07B in Cash & Short Term Investments as of fiscal 2021. There were $7.47B in debt and $4.77B in liabilities at the time. Its Book Value Per Share was $33.86, while its Total Shareholder’s Equity was $6.41B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PPG is Buy with a score of 4.09.

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