MTU Aero Engines (OTCMKTS:MTUAY) Hits New 52-Week High - Here's Why

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $226.40 and last traded at $226.21, with a volume of 6547 shares traded. The stock had previously closed at $225.92.

Wall Street Analyst Weigh In

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

MTU Aero Engines Trading Down 0.1%

The firm has a market capitalization of $24.29 billion, a price-to-earnings ratio of 31.51 and a beta of 1.31. The company has a fifty day moving average price of $207.22 and a two-hundred day moving average price of $183.64. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.09 EPS for the quarter. The firm had revenue of $2.22 billion for the quarter. MTU Aero Engines had a net margin of 9.37% and a return on equity of 25.08%. As a group, research analysts forecast that MTU Aero Engines AG will post 8.69 earnings per share for the current fiscal year.

MTU Aero Engines Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th were given a $0.8513 dividend. This is a positive change from MTU Aero Engines's previous dividend of $0.75. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.47%. MTU Aero Engines's payout ratio is presently 11.59%.

MTU Aero Engines Company Profile

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).