Eric Born Acquires 3,030 Shares of Grafton Group plc (LON:GFTU) Stock

Grafton Group plc (LON:GFTU - Get Free Report) insider Eric Born bought 3,030 shares of the business's stock in a transaction on Tuesday, April 2nd. The shares were acquired at an average cost of GBX 1,027 ($12.89) per share, for a total transaction of £31,118.10 ($39,063.65).

Grafton Group Stock Performance

Shares of LON GFTU traded down GBX 16 ($0.20) during midday trading on Tuesday, reaching GBX 986.20 ($12.38). 265,747 shares of the stock were exchanged, compared to its average volume of 410,872. The firm has a 50-day simple moving average of GBX 975.11 and a two-hundred day simple moving average of GBX 895.81. The company has a quick ratio of 1.56, a current ratio of 2.46 and a debt-to-equity ratio of 38.24. The firm has a market cap of £1.99 billion, a price-to-earnings ratio of 1,187.02, a PEG ratio of 1.58 and a beta of 1.52. Grafton Group plc has a twelve month low of GBX 737.20 ($9.25) and a twelve month high of GBX 1,026.60 ($12.89).

Grafton Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 11th will be issued a GBX 26 ($0.33) dividend. The ex-dividend date is Thursday, April 11th. This is a boost from Grafton Group's previous dividend of $10.00. This represents a yield of 2.7%. Grafton Group's dividend payout ratio is currently 4,285.71%.

Analyst Ratings Changes

Several research firms have issued reports on GFTU. Numis Securities reiterated a "buy" rating and issued a GBX 1,200 ($15.06) target price on shares of Grafton Group in a research note on Thursday, March 7th. Berenberg Bank lifted their price objective on shares of Grafton Group from GBX 1,000 ($12.55) to GBX 1,100 ($13.81) and gave the stock a "buy" rating in a research report on Thursday, March 7th.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.