U.S. Capital Wealth Advisors LLC Buys New Shares in PPG Industries, Inc. $PPG

Key Points

• U.S. Capital Wealth Advisors LLC acquired new shares of PPG Industries, Inc. worth approximately $800,000, purchasing 7,036 shares in the 2nd quarter.
• PPG Industries reported earnings of $2.22 EPS, meeting analyst expectations, with revenue of $4.20 billion, slightly down from the previous year.
• The company declared an increased quarterly dividend of $0.71, representing a 2.7% yield, with a payout ratio of 64.40%.

U.S. Capital Wealth Advisors LLC purchased a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,036 shares of the specialty chemicals company's stock, valued at approximately $800,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in PPG Industries by 58.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company's stock valued at $524,627,000 after acquiring an additional 1,766,518 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in PPG Industries in the first quarter valued at approximately $127,152,000. Pzena Investment Management LLC purchased a new stake in shares of PPG Industries during the first quarter valued at approximately $105,349,000. Nuveen LLC bought a new position in shares of PPG Industries in the first quarter worth approximately $79,881,000. Finally, GAMMA Investing LLC increased its stake in shares of PPG Industries by 11,737.2% in the first quarter. GAMMA Investing LLC now owns 724,553 shares of the specialty chemicals company's stock worth $79,230,000 after buying an additional 718,432 shares during the period. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Performance

Shares of PPG opened at $105.43 on Thursday. The company has a 50-day simple moving average of $110.41 and a two-hundred day simple moving average of $109.88. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The firm has a market capitalization of $23.80 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.22. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The business's revenue was down .9% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, August 11th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, August 11th. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio (DPR) is 64.40%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PPG. UBS Group increased their price target on shares of PPG Industries from $111.00 to $125.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada increased their target price on shares of PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Citigroup raised their target price on PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Mizuho upped their price target on PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, PPG Industries currently has an average rating of "Moderate Buy" and an average target price of $129.82.

PPG Industries Company Profile

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.

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