Matthew Gregory Acquires 36,869 Shares of Melrose Industries PLC (LON:MRO) Stock

Melrose Industries PLC (LON:MRO) insider Matthew Gregory purchased 36,869 shares of Melrose Industries stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of GBX 528 ($6.84) per share, for a total transaction of £194,668.32 ($252,030.45).

Melrose Industries Trading Up 0.8 %

Shares of MRO opened at GBX 525 ($6.80) on Wednesday. Melrose Industries PLC has a one year low of GBX 413.58 ($5.35) and a one year high of GBX 682.60 ($8.84). The stock has a 50-day moving average price of GBX 587.76 and a 200 day moving average price of GBX 533.65. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The company has a market capitalization of £6.78 billion, a P/E ratio of -177.56, a P/E/G ratio of 0.48 and a beta of 1.51.

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

Melrose Industries Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be given a GBX 4 ($0.05) dividend. 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 dividend payout ratio (DPR) is presently -202.92%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 850 ($11.00) target price on shares of Melrose Industries in a research report on Thursday, January 23rd.

About Melrose Industries

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.