How Is PPG Industries' Stock Performance Compared to Other Materials Stocks?

Company Overview - PPG Industries, Inc. is headquartered in Pittsburgh, Pennsylvania, and specializes in manufacturing and distributing paints, coatings, and specialty materials, with a market cap of $22.7 billion [1] - The company produces protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals [1] Market Position - PPG is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size and influence in the specialty chemicals industry [2] Stock Performance - PPG's stock has declined 22.3% from its 52-week high of $130.05, reached on December 9, 2024, and has fallen 8.1% over the past three months, underperforming the Materials Select Sector SPDR Fund (XLB) which lost 4.1% in the same period [3][4] - Over a six-month period, PPG shares fell 9.2%, and over the past 52 weeks, they dipped 19.5%, again underperforming XLB's marginal gains and 4.4% dip [4] Recent Financial Results - On October 28, PPG reported Q3 results, with an adjusted EPS of $2.13, surpassing Wall Street's expectation of $2.09, and revenue of $4.1 billion, exceeding the forecast of $4 billion [5] - The company anticipates full-year adjusted EPS in the range of $7.60 to $7.70 [5] Competitive Landscape - The Sherwin-Williams Company has outperformed PPG, with a 6.9% decline over six months and 13.5% losses over the past year [6] - Analysts maintain a "Moderate Buy" rating for PPG, with a consensus price target of $120, indicating a potential upside of 18.8% from current levels [6]