Hunting PLC (LON:HTG) Declares Dividend Increase - $0.06 Per Share

Hunting PLC (LON:HTG - Get Free Report) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 10th will be given a dividend of $0.06 per share on Friday, May 9th. This represents a yield of 1.57%. The ex-dividend date is Thursday, April 10th. This is a 9.1% increase from Hunting's previous dividend of $0.06. The official announcement can be seen at this link.

Hunting Stock Down 1.6 %

Shares of LON:HTG traded down GBX 4 ($0.05) during trading on Friday, reaching GBX 246.50 ($3.23). 376,814 shares of the company traded hands, compared to its average volume of 839,448. The firm has a fifty day simple moving average of GBX 302.22 and a 200 day simple moving average of GBX 316.71. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. Hunting has a 1-year low of GBX 246.50 ($3.23) and a 1-year high of GBX 465.37 ($6.09). The firm has a market cap of £505.45 million, a P/E ratio of 4.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Insiders Place Their Bets

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 295 ($3.86), for a total transaction of £1,388,774.45 ($1,817,054.10). Company insiders own 18.20% of the company's stock.

Analyst Upgrades and Downgrades

HTG has been the topic of a number of recent research reports. Canaccord Genuity Group restated a "buy" rating and issued a GBX 600 ($7.85) target price on shares of Hunting in a research note on Thursday, March 6th. Berenberg Bank lifted their price target on Hunting from GBX 480 ($6.28) to GBX 490 ($6.41) and gave the company a "buy" rating in a report on Thursday, March 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hunting presently has an average rating of "Buy" and an average target price of GBX 520 ($6.80).

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors. Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry. Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment. Our people are our most important asset.