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

Melrose Industries PLC (LON:MRO) insider Matthew Gregory bought 36,869 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average cost of GBX 528 ($6.80) per share, for a total transaction of £194,668.32 ($250,635.15).

Melrose Industries Price Performance

Melrose Industries stock opened at GBX 527.20 ($6.79) on Thursday. 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 stock has a market cap of £6.81 billion, a price-to-earnings ratio of -178.30, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The firm has a 50-day moving average of GBX 587.17 and a two-hundred day moving average of GBX 533.94. Melrose Industries PLC has a 1 year low of GBX 413.58 ($5.32) and a 1 year high of GBX 682.60 ($8.79).

Melrose Industries (LON:MRO) last announced 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 return on equity of 1.18% and a negative net margin of 1.13%. On average, research analysts forecast that Melrose Industries PLC will post 33.9741641 earnings per share 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 given a dividend of GBX 4 ($0.05) per share. This is an increase from Melrose Industries’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 0.75%. Melrose Industries’s dividend payout ratio is presently -202.92%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.94) price objective on shares of Melrose Industries in a report on Thursday, January 23rd.

About Melrose Industries

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.