Melrose Industries PLC (LON:MRO - Get Free Report) insider Justin Dowley acquired 2,950 shares of the company's stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of GBX 598 ($7.51) per share, with a total value of £17,641 ($22,156.49).
Melrose Industries Stock Up 0.7 %
MRO stock traded up GBX 4.20 ($0.05) during mid-day trading on Monday, hitting GBX 605.40 ($7.60). 1,778,672 shares of the company were exchanged, compared to its average volume of 4,672,258. The company has a market capitalization of £7.93 billion, a PE ratio of -30,060.00, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59. The firm has a fifty day simple moving average of GBX 636.29 and a 200 day simple moving average of GBX 586.76. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 23.05. Melrose Industries PLC has a twelve month low of GBX 445.40 ($5.59) and a twelve month high of GBX 681.20 ($8.56).
Melrose Industries Increases Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, May 8th. Shareholders of record on Thursday, March 28th were paid a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date was Thursday, March 28th. This represents a yield of 0.55%. This is a boost from Melrose Industries's previous dividend of $1.50.
Wall Street Analysts Forecast Growth
Separately, Numis Securities reaffirmed an "add" rating and issued a GBX 640 ($8.04) price objective on shares of Melrose Industries in a research report on Friday, March 8th.
Get Our Latest Stock Analysis on Melrose Industries
Melrose Industries Company Profile
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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.
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