Insider Buying: Melrose Industries PLC (LON:MRO) Insider Acquires 2,950 Shares of Stock

Melrose Industries PLC (LON:MROGet Free Report) insider Justin Dowley acquired 2,950 shares of the stock in a transaction on Monday, May 13th. The shares were purchased at an average price of GBX 598 ($7.51) per share, with a total value of £17,641 ($22,162.06).

Melrose Industries Trading Up 0.7 %

Shares of LON:MRO traded up GBX 4.20 ($0.05) during midday trading on Monday, hitting GBX 605.40 ($7.61). 1,944,665 shares of the stock were exchanged, compared to its average volume of 4,672,258. The business’s 50-day moving average price is GBX 636.29 and its 200 day moving average price is GBX 586.76. Melrose Industries PLC has a 12 month low of GBX 445.40 ($5.60) and a 12 month high of GBX 681.20 ($8.56). The company has a debt-to-equity ratio of 23.05, a quick ratio of 0.45 and a current ratio of 0.86. The stock has a market capitalization of £7.93 billion, a price-to-earnings ratio of -30,060.00, a P/E/G ratio of 0.71 and a beta of 1.59.

Melrose Industries Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 8th. Shareholders of record on Thursday, March 28th were given a dividend of GBX 3.50 ($0.04) per share. This represents a yield of 0.55%. The ex-dividend date was Thursday, March 28th. This is an increase from Melrose Industries’s previous dividend of $1.50.

Analysts Set New Price Targets

Separately, Numis Securities reiterated an “add” rating and issued a GBX 640 ($8.04) target price on shares of Melrose Industries in a research report on Friday, March 8th.

Read Our Latest Research Report on MRO

About Melrose Industries

(Get Free Report)

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.

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