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 firm’s stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of GBX 528 ($6.82) per share, with a total value of £194,668.32 ($251,379.55).

Melrose Industries Stock Performance

Shares of MRO stock traded down GBX 5.40 ($0.07) during trading hours on Monday, reaching GBX 521 ($6.73). 2,257,129 shares of the company’s stock were exchanged, compared to its average volume of 18,199,877. Melrose Industries PLC has a 1 year low of GBX 413.58 ($5.34) and a 1 year high of GBX 682.60 ($8.81). The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The company’s 50 day moving average is GBX 589.21 and its two-hundred day moving average is GBX 533.02. The company has a market cap of £6.73 billion, a P/E ratio of -176.20, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Melrose Industries Increases Dividend

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.98) price objective 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.