Castings P.L.C. (LON:CGS) Insider Adam Vicary Acquires 1,500 Shares

Castings P.L.C. (LON:CGS - Get Free Report) insider Adam Vicary acquired 1,500 shares of Castings stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of GBX 267 ($3.36) per share, with a total value of £4,005 ($5,047.26).

Adam Vicary also recently made the following trade(s):

• On Wednesday, September 11th, Adam Vicary purchased 3,500 shares of Castings stock. The stock was purchased at an average cost of GBX 300 ($3.78) per share, for a total transaction of £10,500 ($13,232.51).

Castings Stock Performance

Shares of Castings stock remained flat at GBX 266 ($3.35) during mid-day trading on Friday. 53,912 shares of the stock traded hands, compared to its average volume of 31,539. Castings P.L.C. has a twelve month low of GBX 238 ($3.00) and a twelve month high of GBX 404 ($5.09). The company has a market cap of £115.60 million, a price-to-earnings ratio of 700.00 and a beta of 0.60. The firm's 50-day simple moving average is GBX 294.37 and its 200-day simple moving average is GBX 337.90.

Castings Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, November 21st will be issued a dividend of GBX 4.21 ($0.05) per share. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 21st. Castings's dividend payout ratio (DPR) is presently 4,736.84%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on shares of Castings from GBX 390 ($4.91) to GBX 340 ($4.28) and set a "buy" rating for the company in a research note on Wednesday.

About Castings

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.