Shares of Melrose Industries PLC (LON:MRO – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 672.20 ($8.49) and last traded at GBX 667.60 ($8.44), with a volume of 2794728 shares changing hands. The stock had previously closed at GBX 668.56 ($8.45).
Wall Street Analyst Weigh In
Separately, Numis Securities reiterated an “add” rating and set a GBX 640 ($8.09) price target on shares of Melrose Industries in a research report on Friday, March 8th.
Melrose Industries Price Performance
Melrose Industries Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Thursday, March 28th will be given a GBX 3.50 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Melrose Industries’s previous dividend of $1.50. This represents a dividend yield of 0.55%. Melrose Industries’s payout ratio is -25,000.00%.
Insider Activity
In other Melrose Industries news, insider Matthew Gregory acquired 16,670 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of GBX 596 ($7.53) per share, for a total transaction of £99,353.20 ($125,556.93). Company insiders own 2.96% of the company’s stock.
About Melrose Industries
Melrose Industries PLC, together with its subsidiaries, engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.
Featured Stories
- Five stocks we like better than Melrose Industries
- What Investors Need to Know About Upcoming IPOs
- Best Bear Market Funds: Top 3 Investment Options to Consider
- Why Invest in 5G? How to Invest in 5G Stocks
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for Melrose Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries and related companies with MarketBeat.com's FREE daily email newsletter.