Global manufacturer of paints and specialty material PPG Industries, Inc. (PPG) in Pittsburgh, Pa., is a Fortune 500 company that operates more than 156 manufacturing facilities worldwide. Due to the challenging business environment that has stemmed from pandemic-related disruption, the industrial coating supplier’s stock has declined 9.6% in price over the past month. Robust demand for its products from end-user markets, including automotive refinish, marine, and PPG-Comex architectural coatings and higher selling prices, have helped the company achieve approximately 4% organic sales growth in the fourth quarter of 2021.
But PPG’s stock is now trading 15.4% lower than its 52-week high of $182.97.
