Reece Limited (ASX:REH – Get Free Report) insider Ross McEwan acquired 30,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of A$18.06 ($11.36) per share, with a total value of A$541,830.00 ($340,773.58).
Reece Price Performance
The company has a debt-to-equity ratio of 47.17, a quick ratio of 1.07 and a current ratio of 2.17. The firm has a market cap of $14.51 billion, a PE ratio of 34.61, a P/E/G ratio of 1.37 and a beta of 0.83.
Reece Cuts Dividend
The business also recently disclosed a Interim dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, March 17th. This represents a dividend yield of 0.36%. Reece’s dividend payout ratio is presently 40.00%.
Reece Company Profile
Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets.
Further Reading
- Five stocks we like better than Reece
- How to Evaluate a Stock Before Buying
- GitLab: Get In While It’s Down—Big Rebound Ahead
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Tesla Stock: Finding a Bottom May Take Time
- Stock Market Sectors: What Are They and How Many Are There?
- Duolingo: This Beaten-Down Stock Is About to Rally 38%
Receive News & Ratings for Reece Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reece and related companies with MarketBeat.com's FREE daily email newsletter.
