Zacks Investment Research lowered shares of Forterra (NASDAQ:FRTA) from a buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Forterra, Inc. is a manufacturer of concrete and clay building products. It operates primarily in the United States, Canada and the United Kingdom. Forterra, Inc. is headquartered in Irving, Texas. “

Other research analysts also recently issued research reports about the company. Barclays reiterated a sell rating and set a $17.00 price target on shares of Infineon Technologies in a research note on Wednesday, May 8th. BidaskClub upgraded Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Thursday, July 4th. Finally, Citigroup increased their price target on Mongodb from $94.00 to $116.00 and gave the stock a neutral rating in a research note on Thursday, March 14th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $7.00.

NASDAQ:FRTA traded down $0.09 during trading on Wednesday, reaching $5.42. The company’s stock had a trading volume of 125,581 shares, compared to its average volume of 203,381. The company has a market capitalization of $353.00 million, a price-to-earnings ratio of -12.32 and a beta of 2.18. The company has a debt-to-equity ratio of 15.85, a quick ratio of 1.14 and a current ratio of 2.57. The company has a 50 day simple moving average of $4.93. Forterra has a 12 month low of $3.25 and a 12 month high of $10.06.

Forterra (NASDAQ:FRTA) last announced its quarterly earnings data on Monday, May 6th. The construction company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.15. The firm had revenue of $291.90 million during the quarter, compared to the consensus estimate of $275.84 million. Forterra had a negative return on equity of 26.15% and a negative net margin of 1.99%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.31) EPS. Equities analysts forecast that Forterra will post -0.4 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Forterra by 22.6% during the 4th quarter. Principal Financial Group Inc. now owns 17,102 shares of the construction company’s stock worth $64,000 after purchasing an additional 3,152 shares in the last quarter. MML Investors Services LLC lifted its holdings in Forterra by 16.8% during the 4th quarter. MML Investors Services LLC now owns 22,404 shares of the construction company’s stock worth $84,000 after purchasing an additional 3,220 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Forterra by 19.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,846 shares of the construction company’s stock worth $176,000 after purchasing an additional 7,488 shares in the last quarter. Rhumbline Advisers lifted its holdings in Forterra by 45.7% during the 4th quarter. Rhumbline Advisers now owns 24,417 shares of the construction company’s stock worth $92,000 after purchasing an additional 7,660 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Forterra by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 190,968 shares of the construction company’s stock worth $718,000 after purchasing an additional 9,319 shares in the last quarter. Institutional investors own 97.19% of the company’s stock.

About Forterra

Forterra, Inc manufactures and sells pipe and precast products the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments. It offers concrete drainage pipes used for storm water applications, residential and non-residential site developments, sanitary sewers, low-pressure sewer force mains, tunneled systems, treatment plant piping, and utility tunnels.

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