Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Climb 5.1% – Here’s What Happened

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) were up 5.1% during trading on Thursday. The stock traded as high as $10.02 and last traded at $10.0040. Approximately 616,091 shares changed hands during trading, an increase of 31% from the average session volume of 470,208 shares. The stock had previously closed at $9.52.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup reissued a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, August 12th. Weiss Ratings lowered Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Finally, Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Loma Negra Compania Industrial Argentina Stock Performance

The company has a 50-day moving average price of $9.80 and a 200-day moving average price of $10.83. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 0.31 and a beta of 0.72. The company has a quick ratio of 0.72, a current ratio of 2.25 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results on Thursday, August 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The business had revenue of $160.41 million for the quarter, compared to analysts’ expectations of $108.44 million. Loma Negra Compania Industrial Argentina had a net margin of 5.05% and a return on equity of 3.79%. As a group, equities research analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.80 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LOMA. Fourth Sail Capital LP boosted its stake in shares of Loma Negra Compania Industrial Argentina by 1.4% during the 4th quarter. Fourth Sail Capital LP now owns 2,404,072 shares of the company’s stock valued at $31,133,000 after buying an additional 32,148 shares during the period. ABS Direct Equity Fund LLC increased its stake in shares of Loma Negra Compania Industrial Argentina by 73.1% in the first quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock worth $1,996,000 after acquiring an additional 75,971 shares during the last quarter. Absolute Gestao de Investimentos Ltda. increased its stake in shares of Loma Negra Compania Industrial Argentina by 72.6% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock worth $1,635,000 after acquiring an additional 62,010 shares during the last quarter. Finally, Crocodile Capital Partners GmbH raised its holdings in shares of Loma Negra Compania Industrial Argentina by 47.6% during the second quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock worth $1,686,000 after acquiring an additional 47,514 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima is an Argentina-based manufacturer of cement and related construction materials. The company produces and sells cement, masonry cement, ready-mix concrete and aggregates for residential, commercial and infrastructure projects. It also produces lime used in construction and industrial applications.

Founded in 1926, Loma Negra has developed an integrated production and distribution network serving customers throughout Argentina. Its operations include cement plants, concrete facilities and distribution centers, allowing the company to supply construction markets across multiple regions of the country.

Loma Negra serves building-material distributors, contractors, developers and infrastructure companies.