The Weir Group PLC (LON:WEIR) Insider Brian Puffer Sells 27,466 Shares of Stock

The Weir Group PLC (LON:WEIR) insider Brian Puffer sold 27,466 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of GBX 2,302 ($29.76), for a total value of £632,267.32 ($817,410.89).

Brian Puffer also recently made the following trade(s):

• On Friday, February 28th, Brian Puffer sold 9,794 shares of The Weir Group stock. The stock was sold at an average price of GBX 2,414 ($31.21), for a total value of £236,427.16 ($305,658.90).

The Weir Group Stock Performance

WEIR stock opened at GBX 2,298 ($29.71) on Wednesday. The company has a 50 day moving average price of GBX 2,367.24 and a 200 day moving average price of GBX 2,242.09. The Weir Group PLC has a fifty-two week low of GBX 1,832 ($23.68) and a fifty-two week high of GBX 2,496 ($32.27). The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The stock has a market capitalization of £5.92 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last released its earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) EPS for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Analysts forecast that The Weir Group PLC will post 136.0509554 EPS for the current year.

The Weir Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be issued a dividend of GBX 22.10 ($0.29) per share. This is a boost from The Weir Group’s previous dividend of $17.90. This represents a yield of 0.92%. The ex-dividend date is Thursday, April 17th. The Weir Group’s payout ratio is currently 45.83%.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on The Weir Group from GBX 2,500 ($32.32) to GBX 2,700 ($34.91) and gave the company an “outperform” rating in a report on Monday, March 3rd.

The Weir Group Company Profile

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.