Insider Buying: Grafton Group plc (LON:GFTU) Insider Purchases 5,000 Shares of Stock

Grafton Group plc (LON:GFTU) insider David Dillon acquired 5,000 shares of Grafton Group stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of GBX 985 ($13.11) per share, with a total value of £49,250 ($65,544.32).

Grafton Group Price Performance

GFTU stock opened at GBX 993.20 ($13.22) on Wednesday. The company has a fifty day simple moving average of GBX 885.14 and a two-hundred day simple moving average of GBX 915.12. The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66. The firm has a market capitalization of £1.95 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. Grafton Group plc has a 52 week low of GBX 790.90 ($10.53) and a 52 week high of GBX 1,097 ($14.60).

Grafton Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be given a GBX 26.50 ($0.35) dividend. The ex-dividend date is Thursday, April 17th. This represents a yield of 3.02%. This is a positive change from Grafton Group’s previous dividend of $10.50. Grafton Group’s dividend payout ratio (DPR) is currently 56.74%.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($14.64) target price on shares of Grafton Group in a research report on Monday, March 10th.

Grafton Group Company Profile

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.