Hunting PLC (LON:HTG) Raises Dividend to $0.06 Per Share

Hunting PLC (LON:HTG) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be paid a dividend of $0.06 per share on Friday, May 9th. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 10th. This is a 9.1% increase from Hunting’s previous dividend of $0.06. The official announcement can be viewed at this link.

Hunting Trading Up 3.6 %

Shares of HTG stock opened at GBX 274.50 ($3.49) on Tuesday. Hunting has a 12 month low of GBX 250 ($3.18) and a 12 month high of GBX 465.37 ($5.92). The company has a market cap of £562.86 million, a PE ratio of 4.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. The business’s 50 day moving average is GBX 312.87 and its two-hundred day moving average is GBX 322.87.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Berenberg Bank lifted their target price on shares of Hunting from GBX 480 ($6.11) to GBX 490 ($6.24) and gave the stock a “buy” rating in a report on Thursday, March 6th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 ($7.64) price objective on shares of Hunting in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 520 ($6.62).

Insider Transactions at Hunting

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 295 ($3.76), for a total value of £1,388,774.45 ($1,767,788.25). Insiders own 18.20% of the company’s stock.

About Hunting

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.