Hunting (LON:HTG) Hits New 1-Year High at $370.50

Hunting PLC (LON:HTG - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as GBX 370.50 ($4.65) and last traded at GBX 369.50 ($4.64), with a volume of 638818 shares. The stock had previously closed at GBX 360 ($4.52).

Analyst Ratings Changes

A number of brokerages recently weighed in on HTG. Canaccord Genuity Group lifted their price target on Hunting from GBX 400 ($5.02) to GBX 450 ($5.65) and gave the stock a "buy" rating in a research note on Friday, March 1st. Jefferies Financial Group restated a "buy" rating and set a GBX 400 ($5.02) price objective on shares of Hunting in a research report on Thursday, April 18th. Finally, Berenberg Bank raised their price objective on Hunting from GBX 345 ($4.33) to GBX 365 ($4.58) and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 407 ($5.11).

Hunting Price Performance

The stock has a 50 day moving average of GBX 329.07 and a two-hundred day moving average of GBX 302.72. The company has a debt-to-equity ratio of 8.24, a quick ratio of 2.08 and a current ratio of 2.78. The firm has a market capitalization of £609.45 million, a P/E ratio of 671.82, a P/E/G ratio of 1.06 and a beta of 1.10.

Hunting Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be given a $0.05 dividend. This represents a yield of 1.18%. The ex-dividend date of this dividend is Thursday, April 11th. Hunting's dividend payout ratio is currently 1,454.55%.

Insiders Place Their Bets

In other news, insider Bruce Ferguson sold 28,960 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of GBX 303 ($3.81), for a total transaction of £87,748.80 ($110,223.34). Company insiders own 7.40% of the company's stock.

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.