Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Reaches New 1-Year High - Still a Buy?

Key Points

• Rolls-Royce Holdings PLC hit a new 52-week high of $15.28, closing at the same price with a trading volume of 190,726 shares.
• Kepler Capital Markets downgraded the stock from a "strong-buy" to a "hold" rating, resulting in an average rating of "Moderate Buy" from analysts.
• The company declared a dividend of $0.0596 per share, set to be paid on September 25th, with a significant yield of 97.0%.

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $15.28 and last traded at $15.28, with a volume of 190726 shares traded. The stock had previously closed at $15.01.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets lowered Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Rolls-Royce Holdings PLC Price Performance

The business has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $12.07.

Rolls-Royce Holdings PLC Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 25th. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.0596 per share. This represents a dividend yield of 97.0%. The ex-dividend date is Monday, August 11th.

Institutional Trading of Rolls-Royce Holdings PLC

Several large investors have recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in shares of Rolls-Royce Holdings PLC by 1.5% during the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock worth $1,103,000 after purchasing an additional 1,205 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Rolls-Royce Holdings PLC by 31.8% in the first quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 2,055 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Rolls-Royce Holdings PLC by 14.7% in the first quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after acquiring an additional 3,771 shares during the last quarter. Financial Avengers Inc. boosted its holdings in Rolls-Royce Holdings PLC by 32.6% in the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock valued at $203,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Rolls-Royce Holdings PLC by 7.8% in the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock valued at $1,419,000 after acquiring an additional 7,705 shares during the last quarter. Institutional investors own 0.07% of the company's stock.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.