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

The Weir Group PLC (LON:WEIR) insider Brian Puffer sold 27,466 shares of The Weir Group stock in a transaction on Monday, March 31st. The shares were sold at an average price of GBX 2,302 ($29.74), for a total transaction of £632,267.32 ($816,882.84).

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 shares were sold at an average price of GBX 2,414 ($31.19), for a total transaction of £236,427.16 ($305,461.45).

The Weir Group Stock Performance

Shares of The Weir Group stock traded down GBX 34 ($0.44) during trading hours on Tuesday, hitting GBX 2,286 ($29.53). 799,616 shares of the company were exchanged, compared to its average volume of 1,887,989. The business has a 50-day moving average of GBX 2,367.51 and a 200-day moving average of GBX 2,240.26. The Weir Group PLC has a 1 year low of GBX 1,832 ($23.67) and a 1 year high of GBX 2,496 ($32.25). The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The stock has a market capitalization of £5.89 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 120 ($1.55) earnings per share for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. As a group, analysts expect that The Weir Group PLC will post 136.0509554 EPS for the current fiscal year.

The Weir Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be paid 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 dividend yield of 0.92%. The ex-dividend date is Thursday, April 17th. The Weir Group’s dividend payout ratio (DPR) is currently 45.83%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their target price on shares of The Weir Group from GBX 2,500 ($32.30) to GBX 2,700 ($34.88) and gave the stock an “outperform” rating in a research note 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.