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

Melrose Industries PLC (LON:MRO) insider Matthew Gregory purchased 36,869 shares of the company’s stock in a transaction on Monday, March 24th. The stock was acquired at an average price of GBX 528 ($6.80) per share, with a total value of £194,668.32 ($250,635.15).

Melrose Industries Stock Performance

LON MRO opened at GBX 527.20 ($6.79) on Thursday. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. Melrose Industries PLC has a 1-year low of GBX 413.58 ($5.32) and a 1-year high of GBX 682.60 ($8.79). The business has a 50 day simple moving average of GBX 587.17 and a two-hundred day simple moving average of GBX 533.94. The stock has a market capitalization of £6.81 billion, a PE ratio of -178.30, a P/E/G ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last announced its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) EPS for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. On average, research analysts predict that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Melrose Industries Increases Dividend

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.94) target price on shares of Melrose Industries in a research report on Thursday, January 23rd.

Melrose Industries Company Profile

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.