Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (NYSE: LOMA) stock jumped 3.30% on Friday to $5.94 against a previous-day closing price of $5.75. With 0.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.28 million shares. During the session, the Building Materials company that operates in wider Basic Materials sector, reached to the highest price of $6.00 whereas the lowest price it dropped to was $5.86. The 52-week range on LOMA shows that it touched its highest point at $7.45 and its lowest point at $5.48 during that stretch. It currently has a 1-year price target of $7.23. With its current market cap of 708.05 million, LOMA has annualized dividend of $1.04 while the current yield stands at 17.55%. Beta for the stock currently stands at 1.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LOMA was down-trending over the past week, with a drop of -1.82%, but this was down by -8.19% over a month. Three-month performance dropped to -6.46% while six-month performance fell -3.10%. The stock gained 3.54% in the past year, while it has lost -7.50% so far this year. A look at the trailing 12-month EPS for LOMA yields 0.92 with Next year EPS estimates of 0.91. For the next quarter, that number is 0.17. This implies an EPS growth rate of 2294.18% for this year and 106.11% for next year. EPS is expected to grow by 0.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.56%.
Float and Shares Shorts:
At present, 119.20 million LOMA shares are outstanding with a float of 119.20 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.29 million, which was 0.25% higher than short shares on Sep 28, 2023.
Institutional Ownership:
Through their ownership of 19.47% of LOMA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.49% of LOMA, in contrast to 10.51% held by mutual funds. As the largest shareholder in LOMA with 6.10% of the stake, Capital Research & Management Co holds 7,266,529 shares worth 7,266,529. A second-largest stockholder of LOMA, Redwood Capital Management LLC, holds 5,873,428 shares, controlling over 4.93% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in LOMA, holding 1,522,869 shares or 1.28% stake. With a 5.40% stake in LOMA, the American Funds New World Fund is the largest stakeholder. A total of 6,442,242 shares are owned by the mutual fund manager. The Global X SuperDividend ETF, which owns about 1.09% of LOMA stock, is the second-largest Mutual Fund holder. It holds 1,302,681 shares valued at 7.43 million. Redwheel Next Generation Emerging holds 0.91% of the stake in LOMA, owning 1,084,060 shares worth 6.18 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LOMA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LOMA analysts setting a high price target of $8.00 and a low target of $5.99, the average target price over the next 12 months is $7.23. Based on these targets, LOMA could surge 34.68% to reach the target high and rise by 0.84% to reach the target low. Reaching the average price target will result in a growth of 21.72% from current levels.
