The Weir Group PLC (LON:WEIR) Insider Brian Puffer Sells 27,466 Shares

The Weir Group PLC (LON:WEIR) insider Brian Puffer sold 27,466 shares of The Weir Group stock in a transaction dated Monday, March 31st. The shares were sold at an average price of GBX 2,302 ($29.74), for a total value of £632,267.32 ($816,882.84).

Brian Puffer also recently made the following trade(s):

• On Friday, February 28th, Brian Puffer sold 9,794 shares of The Weir Group stock. The shares were sold at an average price of GBX 2,414 ($31.19), for a total transaction of £236,427.16 ($305,461.45).

The Weir Group Stock Down 1.5 %

WEIR traded down GBX 34 ($0.44) on Tuesday, reaching GBX 2,286 ($29.53). The company’s stock had a trading volume of 799,616 shares, compared to its average volume of 1,887,989. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30. The Weir Group PLC has a fifty-two week low of GBX 1,832 ($23.67) and a fifty-two week high of GBX 2,496 ($32.25). The stock has a 50 day moving average of GBX 2,367.51 and a two-hundred day moving average of GBX 2,240.26. The company has a market capitalization of £5.89 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last posted its earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) EPS for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. As a group, analysts forecast that The Weir Group PLC will post 136.0509554 EPS for the current fiscal year.

The Weir Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be given a dividend of GBX 22.10 ($0.29) per share. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 0.92%. This is a boost from The Weir Group’s previous dividend of $17.90. The Weir Group’s payout ratio is 45.83%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their target price on shares of The Weir Group from GBX 2,500 ($32.30) to GBX 2,700 ($34.88) and gave the stock an “outperform” rating in a research note on Monday, March 3rd.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.