Yousif Capital Management LLC Lowers Stake in PPG Industries, Inc. (NYSE:PPG)

Yousif Capital Management LLC lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 7.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 81,376 shares of the specialty chemicals company’s stock after selling 6,519 shares during the quarter. Yousif Capital Management LLC’s holdings in PPG Industries were worth $9,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PPG. Brown Lisle Cummings Inc. grew its stake in shares of PPG Industries by 31.7% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,999 shares of the specialty chemicals company’s stock worth $239,000 after acquiring an additional 481 shares during the last quarter. Burford Brothers Inc. purchased a new position in PPG Industries in the 4th quarter worth approximately $707,000. Greenleaf Trust lifted its position in PPG Industries by 2.5% in the 4th quarter. Greenleaf Trust now owns 6,958 shares of the specialty chemicals company’s stock valued at $831,000 after acquiring an additional 171 shares in the last quarter. Sylvest Advisors LLC bought a new position in shares of PPG Industries during the fourth quarter valued at $694,000. Finally, New Wave Wealth Advisors LLC boosted its position in shares of PPG Industries by 28.7% during the fourth quarter. New Wave Wealth Advisors LLC now owns 2,016 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 449 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

PPG opened at $112.61 on Thursday. The firm has a market cap of $26.13 billion, a P/E ratio of 23.81, a PEG ratio of 1.99 and a beta of 1.23. PPG Industries, Inc. has a 1-year low of $110.20 and a 1-year high of $145.60. The company has a 50 day simple moving average of $120.59 and a two-hundred day simple moving average of $124.07. 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 (NYSE:PPG) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. Equities analysts forecast 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 $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.42%. PPG Industries’s dividend payout ratio is presently 57.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PPG shares. Citigroup decreased their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Mizuho lowered their price objective on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday. StockNews.com downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group lowered their price target on PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada cut their price objective on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $140.92.

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.