Melrose Industries PLC (LON:MRO) Insider Peter Dilnot Buys 12,425 Shares

Melrose Industries PLC (LON:MRO - Get Free Report) insider Peter Dilnot purchased 12,425 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was bought at an average price of GBX 400 ($5.24) per share, for a total transaction of £49,700 ($65,052.36).

Melrose Industries Stock Performance

MRO traded up GBX 1.90 ($0.02) during midday trading on Friday, hitting GBX 405 ($5.30). 3,527,060 shares of the company traded hands, compared to its average volume of 19,662,498. The company's 50-day moving average is GBX 543.50 and its 200 day moving average is GBX 529.72. Melrose Industries PLC has a 52 week low of GBX 376 ($4.92) and a 52 week high of GBX 682.60 ($8.93). The firm has a market capitalization of £5.23 billion, a PE ratio of -136.97, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03.

Melrose Industries (LON:MRO - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. On average, research analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Melrose Industries Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 0.75%. This is a positive change from Melrose Industries's previous dividend of $2.00. Melrose Industries's payout ratio is presently -202.92%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 850 ($11.13) price objective on shares of Melrose Industries in a research report on Thursday, January 23rd.

Melrose Industries Company Profile

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.