The Weir Group (LON:WEIR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

The Weir Group PLC (LON:WEIR)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,210.88 ($28.74) and traded as high as GBX 2,384 ($30.99). The Weir Group shares last traded at GBX 2,364 ($30.73), with a volume of 363,945 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their target price on The Weir Group from GBX 2,500 ($32.50) to GBX 2,700 ($35.10) and gave the company an “outperform” rating in a research note on Monday, March 3rd.

The Weir Group Price Performance

The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The stock has a market cap of £6.18 billion, a P/E ratio of 28.20, a PEG ratio of 2.59 and a beta of 1.41. The company has a 50 day simple moving average of GBX 2,340.05 and a 200 day simple moving average of GBX 2,213.60.

The Weir Group (LON:WEIR) last issued its earnings results on Friday, February 28th. The company reported GBX 120 ($1.56) earnings per share for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. Sell-side analysts forecast that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.

The Weir Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 22.10 ($0.29) per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 0.92%. This is a positive change from The Weir Group’s previous dividend of $17.90. The Weir Group’s dividend payout ratio (DPR) is 45.83%.

Insider Transactions at The Weir Group

In other The Weir Group news, insider Brian Puffer sold 9,794 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($31.38), for a total transaction of £236,427.16 ($307,367.60). Insiders own 0.31% of the company’s stock.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.