The Weir Group (LON:WEIR) Sets New 1-Year High at $2,096.00

Shares of The Weir Group PLC (LON:WEIR) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,096 ($26.33) and last traded at GBX 2,084 ($26.18), with a volume of 1225134 shares traded. The stock had previously closed at GBX 2,078 ($26.11).

Wall Street Analyst Weigh In

WEIR has been the subject of several research analyst reports. Shore Capital reissued a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,075 ($26.07) price target on shares of The Weir Group in a report on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,188.75 ($27.50).

The Weir Group Trading Up 0.7 %

The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 82.21. The firm’s 50 day moving average is GBX 1,991.12 and its two-hundred day moving average is GBX 1,883.10. The stock has a market cap of £5.43 billion, a price-to-earnings ratio of 2,375.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42.

The Weir Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 20.80 ($0.26) per share. This represents a dividend yield of 1.11%. This is a boost from The Weir Group’s previous dividend of $17.80. The ex-dividend date of this dividend is Thursday, April 18th. The Weir Group’s dividend payout ratio is presently 4,431.82%.

Insider Activity at The Weir Group

In other news, insider Graham Vanhegan sold 1,869 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.58), for a total transaction of £38,052.84 ($47,805.08). Insiders own 0.40% of the company’s stock.

About The Weir Group

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.