MTU Aero Engines (OTCMKTS:MTUAY) Hits New 52-Week High - Time to Buy?

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $229.06 and last traded at $228.59, with a volume of 3728 shares changing hands. The stock had previously closed at $223.49.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded MTU Aero Engines from a "hold" rating to a "strong-buy" rating in a report on Monday, April 28th.

MTU Aero Engines Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The firm has a market cap of $22.54 billion, a P/E ratio of 24.17 and a beta of 1.31. The firm has a fifty day moving average of $210.75 and a 200-day moving average of $185.56.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $2.71 earnings per share (EPS) for the quarter. MTU Aero Engines had a return on equity of 26.39% and a net margin of 10.60%. The firm had revenue of $2.37 billion for the quarter. Research analysts predict that MTU Aero Engines AG will post 8.69 earnings per share for the current fiscal year.

MTU Aero Engines Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.8513 per share. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 0.47%. This is a positive change from MTU Aero Engines's previous dividend of $0.75. MTU Aero Engines's dividend payout ratio (DPR) is currently 9.47%.

About MTU Aero Engines

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).