Matthew Gregory Buys 36,869 Shares of Melrose Industries PLC (LON:MRO) Stock

Melrose Industries PLC (LON:MRO) insider Matthew Gregory bought 36,869 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of GBX 528 ($6.82) per share, with a total value of £194,668.32 ($251,541.96).

Melrose Industries Trading Down 1.0 %

LON MRO opened at GBX 521 ($6.73) on Tuesday. Melrose Industries PLC has a 12 month low of GBX 413.58 ($5.34) and a 12 month high of GBX 682.60 ($8.82). The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The stock has a 50 day moving average of GBX 588.49 and a 200-day moving average of GBX 533.31. The company has a market cap of £6.73 billion, a PE ratio of -176.20, a PEG ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last posted its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (EPS) for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. On average, equities research analysts anticipate that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Melrose Industries Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be paid a GBX 4 ($0.05) dividend. This is an increase from Melrose Industries’s previous dividend of $2.00. This represents a yield of 0.75%. The ex-dividend date is Thursday, March 27th. Melrose Industries’s dividend payout ratio (DPR) is -202.92%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.98) price objective on shares of Melrose Industries in a research note on Thursday, January 23rd.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.