Hunting (LON:HTG) Sets New 1-Year High on Insider Buying Activity

Hunting PLC (LON:HTG - Get Free Report) reached a new 52-week high during trading on Thursday following insider buying activity. The company traded as high as GBX 461 ($5.79) and last traded at GBX 443 ($5.56), with a volume of 2826816 shares. The stock had previously closed at GBX 372.50 ($4.68).

Specifically, insider Bruce Ferguson purchased 2,292 shares of Hunting stock in a transaction on Monday, May 13th. The shares were bought at an average cost of GBX 378 ($4.75) per share, for a total transaction of £8,663.76 ($10,881.39). Insiders own 17.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 400 ($5.02) price objective on shares of Hunting in a research note on Thursday, April 18th. Canaccord Genuity Group boosted their price target on shares of Hunting from GBX 400 ($5.02) to GBX 450 ($5.65) and gave the stock a "buy" rating in a research report on Friday, March 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Hunting has an average rating of "Buy" and a consensus price target of GBX 407 ($5.11).

Hunting Price Performance

The firm has a market capitalization of £729.03 million, a P/E ratio of 789.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 8.24. The firm has a 50 day moving average price of GBX 346.79 and a 200-day moving average price of GBX 309.43.

Hunting Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, May 10th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.05 per share. This represents a yield of 1.18%. The ex-dividend date was Thursday, April 11th. Hunting's payout ratio is 1,428.57%.

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.