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

Melrose Industries PLC (LON:MRO - Get Free Report) insider Matthew Gregory acquired 36,869 shares of the company's stock in a transaction dated Monday, March 24th. The stock was acquired at an average cost of GBX 528 ($6.84) per share, for a total transaction of £194,668.32 ($252,030.45).

Melrose Industries Stock Down 4.0 %

LON:MRO traded down GBX 20.50 ($0.27) on Friday, hitting GBX 496.10 ($6.42). The stock had a trading volume of 4,698,019 shares, compared to its average volume of 17,224,207. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. Melrose Industries PLC has a 52 week low of GBX 413.58 ($5.35) and a 52 week high of GBX 682.60 ($8.84). The business's fifty day moving average is GBX 586.24 and its 200 day moving average is GBX 534.16. The company has a market cap of £6.41 billion, a PE ratio of -167.78, a P/E/G ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO - Get Free Report) last posted its earnings results 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%. On average, equities research analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Melrose Industries Increases Dividend

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

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Analysts Set New Price Targets

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 note 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.