Hunting PLC (LON:HTG) Increases Dividend to $0.06 Per Share

Hunting PLC (LON:HTG) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.06 per share on Friday, May 9th. This represents a yield of 1.57%. The ex-dividend date of this dividend 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 Performance

Shares of Hunting stock opened at GBX 274.50 ($3.49) on Tuesday. Hunting has a 12 month low of GBX 250 ($3.18) and a 12 month high of GBX 465.37 ($5.92). The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. The stock has a market cap of £562.86 million, a PE ratio of 4.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The business has a fifty day simple moving average of GBX 312.87 and a 200-day simple moving average of GBX 322.87.

Insiders Place Their Bets

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 295 ($3.76), for a total value of £1,388,774.45 ($1,767,788.25). Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 ($7.64) target price on shares of Hunting in a research note on Thursday, March 6th. Berenberg Bank boosted their price objective on shares of Hunting from GBX 480 ($6.11) to GBX 490 ($6.24) and gave the company a “buy” rating in a research report on Thursday, March 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 520 ($6.62).

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.