Castings P.L.C. to Issue Dividend of GBX 4.21 (LON:CGS)

Castings P.L.C. (LON:CGS) declared a dividend on Wednesday, November 13th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 4.21 ($0.05) per share on Thursday, January 2nd. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 21st. The official announcement can be viewed at this link.

Castings Trading Up 2.2 %

Shares of LON CGS traded up GBX 6 ($0.08) on Wednesday, reaching GBX 284 ($3.65). 23,288 shares of the company traded hands, compared to its average volume of 30,994. Castings has a fifty-two week low of GBX 239.83 ($3.09) and a fifty-two week high of GBX 404 ($5.20). The company has a 50 day moving average of GBX 296.20 and a 200 day moving average of GBX 339.72. The stock has a market capitalization of £123.43 million, a PE ratio of 747.37 and a beta of 0.60.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on Castings from GBX 390 ($5.02) to GBX 340 ($4.38) and set a “buy” rating for the company in a report on Wednesday.

Insider Transactions at Castings

In related news, insider Steve Mant purchased 3,230 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of GBX 308 ($3.96) per share, for a total transaction of £9,948.40 ($12,801.96). In other Castings news, insider Steve Mant bought 3,230 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of GBX 308 ($3.96) per share, with a total value of £9,948.40 ($12,801.96). Also, insider Adam Vicary bought 3,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of GBX 300 ($3.86) per share, for a total transaction of £10,500 ($13,511.77). In the last quarter, insiders bought 10,037 shares of company stock worth $3,040,247. 21.35% of the stock is currently owned by company insiders.

Castings Company Profile

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.