Ibstock plc (LON:IBST) Raises Dividend to GBX 2.50 Per Share

Ibstock plc (LON:IBST - Get Free Report) declared a dividend on Wednesday, March 5th, DividendData.Co.Uk reports. Investors of record on Thursday, May 8th will be paid a dividend of GBX 2.50 ($0.03) per share on Friday, May 30th. This represents a yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 8th. This is a 66.7% increase from Ibstock's previous dividend of $1.50. The official announcement can be seen at this link.

Ibstock Stock Down 0.7 %

Shares of IBST traded down GBX 1.25 ($0.02) during mid-day trading on Friday, reaching GBX 184.95 ($2.46). The company's stock had a trading volume of 938,993 shares, compared to its average volume of 2,490,567. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. Ibstock has a 12-month low of GBX 148.60 ($1.98) and a 12-month high of GBX 212 ($2.82). The stock has a market cap of £728.73 million, a PE ratio of 100.13, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company's 50 day moving average is GBX 172.90 and its 200 day moving average is GBX 176.27.

Ibstock (LON:IBST - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported GBX 7.70 ($0.10) EPS for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. Equities analysts anticipate that Ibstock will post 11.0089552 EPS for the current fiscal year.

Insider Activity at Ibstock

In other Ibstock news, insider Joe Hudson sold 139,886 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.34), for a total transaction of £246,199.36 ($327,523.43). 0.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on IBST shares. Berenberg Bank restated a "hold" rating and issued a GBX 200 ($2.66) price target on shares of Ibstock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Ibstock from GBX 225 ($2.99) to GBX 240 ($3.19) and gave the stock a "buy" rating in a research note on Thursday, February 20th.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.