Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson Purchases 1,249 Shares

Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson purchased 1,249 shares of the company’s stock in a transaction on Monday, June 24th. The stock was acquired at an average price of C$11.45 per share, with a total value of C$14,301.05.

Bruce Norman Johnson also recently made the following trade(s):

• On Wednesday, June 5th, Bruce Norman Johnson bought 2,000 shares of Martinrea International stock. The stock was bought at an average cost of C$12.21 per share, for a total transaction of C$24,411.00.
• On Tuesday, May 7th, Bruce Norman Johnson bought 1,200 shares of Martinrea International stock. The stock was bought at an average cost of C$11.95 per share, for a total transaction of C$14,340.00.

Martinrea International Price Performance

Martinrea International stock opened at C$11.56 on Tuesday. The company has a market cap of C$887.11 million, a price-to-earnings ratio of 6.12, a PEG ratio of 0.82 and a beta of 2.23. The firm’s fifty day moving average is C$11.76 and its 200 day moving average is C$12.64. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 84.42. Martinrea International Inc. has a 52-week low of C$10.75 and a 52-week high of C$15.16.

Martinrea International (TSE:MRE) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.57 by C$0.05. The company had revenue of C$1.32 billion for the quarter, compared to the consensus estimate of C$1.31 billion. Martinrea International had a net margin of 2.78% and a return on equity of 10.13%. Sell-side analysts forecast that Martinrea International Inc. will post 2.3584906 EPS for the current fiscal year.

Martinrea International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, June 28th. Martinrea International’s dividend payout ratio (DPR) is 10.58%.

Wall Street Analyst Weigh In

MRE has been the topic of several research analyst reports. CIBC lowered their target price on shares of Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, May 6th. Scotiabank lowered their target price on shares of Martinrea International from C$15.00 to C$14.50 in a report on Friday, May 3rd. TD Securities downgraded shares of Martinrea International from an “action list buy” rating to a “buy” rating and lowered their target price for the stock from C$21.00 to C$19.00 in a report on Friday, March 1st. Finally, Raymond James lowered their target price on shares of Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.25.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.