Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sets New 12-Month High - What's Next?

Key Points

• Shares of Rolls-Royce Holdings PLC reached a new 52-week high at $16.25 before closing at $16.15 with a trading volume of 614,836 shares.
• Analysts have mixed views on the stock, with one strong buy, one buy, and two hold ratings, leading to a consensus rating of "Moderate Buy".
• The company recently cut its dividend, paying $0.0596 per share with an impressive yield of 97.0% for shareholders of record.

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.25 and last traded at $16.15, with a volume of 614836 shares traded. The stock had previously closed at $16.12.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Kepler Capital Markets downgraded shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. The Goldman Sachs Group assumed coverage on shares of Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Stock Down 1.3%

The company's 50 day simple moving average is $14.65 and its 200-day simple moving average is $12.40.

Rolls-Royce Holdings PLC Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, August 12th were paid a $0.0596 dividend. The ex-dividend date was Monday, August 11th. This represents a yield of 97.0%.

Institutional Trading of Rolls-Royce Holdings PLC

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bowen Hanes & Co. Inc. lifted its stake in Rolls-Royce Holdings PLC by 42.8% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company's stock worth $54,099,000 after purchasing an additional 1,211,310 shares in the last quarter. Rhumbline Advisers lifted its stake in Rolls-Royce Holdings PLC by 1.5% in the 2nd 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 in the last quarter. L & S Advisors Inc lifted its stake in Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company's stock worth $3,854,000 after purchasing an additional 40,691 shares in the last quarter. Torray Investment Partners LLC purchased a new stake in Rolls-Royce Holdings PLC in the 2nd quarter worth approximately $669,000. Finally, Yousif Capital Management LLC raised its position in shares of Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock valued at $1,419,000 after buying an additional 7,705 shares in the last quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

Rolls-Royce Holdings PLC Company Profile

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.

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