The Weir Group (LON:WEIR) Reaches New 1-Year High at $2,076.00

The Weir Group PLC (LON:WEIR - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,076 ($26.28) and last traded at GBX 2,074 ($26.25), with a volume of 65406 shares trading hands. The stock had previously closed at GBX 2,030 ($25.69).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "buy" rating on shares of The Weir Group in a research report on Thursday, February 29th.

The Weir Group Trading Up 1.2 %

The business has a 50 day moving average of GBX 1,909.13 and a two-hundred day moving average of GBX 1,857.52. The company has a debt-to-equity ratio of 82.21, a quick ratio of 1.16 and a current ratio of 2.04. The firm has a market capitalization of £5.33 billion, a price-to-earnings ratio of 2,368.18, a P/E/G ratio of 2.59 and a beta of 1.42.

The Weir Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be paid a GBX 20.80 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from The Weir Group's previous dividend of $17.80. This represents a dividend yield of 1.11%. The Weir Group's dividend payout ratio is 4,431.82%.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.