Morgan Advanced Materials plc (LON:MGAM) Insider Pete Raby Acquires 13,500 Shares

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby purchased 13,500 shares of the stock in a transaction on Friday, April 4th. The shares were purchased at an average price of GBX 182 ($2.33) per share, with a total value of £24,570 ($31,395.35).

Pete Raby also recently made the following trade(s):

• On Tuesday, March 25th, Pete Raby sold 48,253 shares of Morgan Advanced Materials stock. The shares were sold at an average price of GBX 204 ($2.61), for a total transaction of £98,436.12 ($125,780.88).

Morgan Advanced Materials Stock Up 5.1 %

Morgan Advanced Materials stock opened at GBX 186.40 ($2.38) on Wednesday. The company has a market capitalization of £525.43 million, a PE ratio of 7.67, a PEG ratio of 0.51 and a beta of 1.34. Morgan Advanced Materials plc has a 12-month low of GBX 171.20 ($2.19) and a 12-month high of GBX 347 ($4.43). The firm’s fifty day moving average is GBX 232.26 and its 200 day moving average is GBX 251.96. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. As a group, sell-side analysts predict that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.

Morgan Advanced Materials Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, April 10th will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 3.17%. This is a positive change from Morgan Advanced Materials’s previous dividend of $5.40. Morgan Advanced Materials’s dividend payout ratio is presently 49.39%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MGAM. Citigroup boosted their target price on shares of Morgan Advanced Materials from GBX 325 ($4.15) to GBX 330 ($4.22) and gave the company a “buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada dropped their price objective on Morgan Advanced Materials from GBX 320 ($4.09) to GBX 265 ($3.39) and set an “outperform” rating on the stock in a research note on Monday, March 3rd.

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.