With a market cap of $23.1 billion, PPG Industries, Inc. (PPG) is a global manufacturer of paints, coatings, specialty materials, and industrial products headquartered in Pittsburgh, Pennsylvania. It operates through three segments: Global Architectural Coatings; Performance Coatings; and Industrial Coatings, supplying products and services to consumers, contractors, and industrial customers worldwide.
Shares of the company have underperformed the broader market over the past 52 weeks. PPG stock has declined 11% over this time frame, while the broader S&P 500 Index ($SPX) has gained 23.3%. Moreover, shares of the company have plunged marginally on a YTD basis, compared to SPX's 7.4% rally.
