Melrose Industries PLC (LON:MRO) Insider Matthew Gregory Purchases 36,869 Shares

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

Melrose Industries Stock Down 1.0 %

Shares of Melrose Industries stock opened at GBX 521 ($6.73) on Tuesday. The company has a market capitalization of £6.73 billion, a P/E ratio of -176.20, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The business has a 50-day moving average of GBX 588.49 and a two-hundred day moving average of GBX 533.31. Melrose Industries PLC has a 1 year low of GBX 413.58 ($5.34) and a 1 year high of GBX 682.60 ($8.82).

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

Melrose Industries Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 850 ($10.98) price target 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.