Melrose Industries PLC (LON:MRO) Insider Buys £194,668.32 in Stock

Melrose Industries PLC (LON:MRO) insider Matthew Gregory acquired 36,869 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of GBX 528 ($6.84) per share, for a total transaction of £194,668.32 ($252,030.45).

Melrose Industries Trading Up 0.8 %

Shares of MRO stock opened at GBX 525 ($6.80) on Wednesday. The firm has a market capitalization of £6.78 billion, a PE ratio of -177.56, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. Melrose Industries PLC has a 1 year low of GBX 413.58 ($5.35) and a 1 year high of GBX 682.60 ($8.84). The stock has a fifty day moving average of GBX 587.76 and a two-hundred day moving average of GBX 533.65.

Melrose Industries (LON:MRO) last posted its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. As a group, research analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Melrose Industries Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be issued a dividend of GBX 4 ($0.05) per share. This is a boost from Melrose Industries’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 0.75%. Melrose Industries’s payout ratio is presently -202.92%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 850 ($11.00) target price on shares of Melrose Industries in a research report on Thursday, January 23rd.

About Melrose Industries

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.