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Saturday, December 9, 2023

Searching For Real Value In Market Debris At PPG Industries, Inc. (NYSE: PPG)

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for PPG Industries, Inc. (PPG) shows that investor sentiment remained same, with the stock’s consolidated last price to $127.37. The PPG Industries, Inc. has recorded 35,953 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that PPG Board of Directors announce quarterly dividend of 65 cents per share.

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Stocks Info

PPG belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $127.37 and fluctuated between $129.98 as its day high and $127.23 as its day low. The current market capitalization of PPG Industries, Inc. is $30.03B. A total of 1.17 million shares were traded on the day, compared to an average of 1.43M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PPG has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 40,286 and the disposition of 15,891 shares. Over the last 12 months, there were 24 BUYs and 21 SELLs from insiders. Insiders purchased 331,186 shares during that period but sold 281,569.

In the most recent transaction, Morales Vincent J sold 3,700 shares of PPG for 143.33 per share on Aug 01. After the transaction, the Senior VP & CFO now owns 22,665 company shares. In a previous transaction on Jul 26, MCGARRY MICHAEL H sold 58,378 shares at 145.46 per share. PPG shares that Executive Chairman owns now total 195,706.

Among the insiders who sold shares, MCGARRY MICHAEL H disposed of 105,000 shares on Jul 25 at a per-share price of $147.59. This resulted in the Executive Chairman holding 254,084 shares of PPG after the transaction. In another insider transaction, MCGARRY MICHAEL H sold 61,867 shares at $129.96 per share on Jan 31. Company shares held by the Executive Chairman now total 183,645.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. PPG Industries, Inc. pays an annual dividend of $2.53, resulting in a dividend yield of 1.99%, and it has a price to earnings (P/E) ratio of 21.30. PPG’s most recent ex-dividend date was 11/9/2023 when it declared a $0.65 quarterly dividend that was paid in cash on 12/12/2023. Previously, the company paid the dividend on 9/12/2023 with an ex-dividend date of 8/9/2023. The PPG stock dividend was $0.65 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PPG in the last 3 months, the mean price target is $153.94 with high estimates of $166.00 and low estimates of $135.00. In terms of 52-week highs and lows, PPG has a high of $152.89 and a low of $113.85.

As of this writing, PPG has an earnings estimate of $1.48 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.6 per share and a lower estimate of $1.35. The company reported an EPS of $2.25 in the last quarter, which was 5.10% higher than expectations of $2.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PPG’s latest balance sheet shows that the firm has $1.07B in Cash & Short Term Investments as of fiscal 2021. There were $192.00M in debt and $4.75B in liabilities at the time. Its Book Value Per Share was $32.87, while its Total Shareholder’s Equity was $6.41B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.05.

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