Forterra plc (LON:FORT) to Issue Dividend Increase - GBX 2 Per Share

Forterra plc (LON:FORT - Get Free Report) declared a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 12th will be paid a dividend of GBX 2 ($0.03) per share on Friday, July 4th. This represents a dividend yield of 1.24%. The ex-dividend date is Thursday, June 12th. This is a 100.0% increase from Forterra's previous dividend of $1.00. The official announcement can be viewed at this link.

Forterra Price Performance

FORT traded up GBX 5.30 ($0.07) on Tuesday, hitting GBX 201.50 ($2.72). 566,698 shares of the company's stock traded hands, compared to its average volume of 955,965. Forterra has a one year low of GBX 150 ($2.03) and a one year high of GBX 202 ($2.73). The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The company's 50 day simple moving average is GBX 183.73 and its 200-day simple moving average is GBX 171.10. The firm has a market cap of £413.84 million, a price-to-earnings ratio of 52.53, a P/E/G ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) EPS for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. As a group, research analysts anticipate that Forterra will post 11.9888346 EPS for the current year.

Insider Transactions at Forterra

In other Forterra news, insider Ben Guyatt sold 37,622 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 157 ($2.12), for a total value of £59,066.54 ($79,744.21). Also, insider Katherine Innes acquired 2,600 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were acquired at an average price of GBX 173 ($2.34) per share, with a total value of £4,498 ($6,072.63). 6.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Berenberg Bank restated a "hold" rating and set a GBX 170 ($2.30) price target on shares of Forterra in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft increased their target price on Forterra from GBX 260 ($3.51) to GBX 320 ($4.32) and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price target on shares of Forterra from GBX 210 ($2.84) to GBX 220 ($2.97) and gave the stock an "outperform" rating in a report on Thursday, March 13th.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won't be far from a building with a Forterra product within its fabric. Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.