Insider Selling: The Weir Group PLC (LON:WEIR) Insider Sells 3,491 Shares of Stock

The Weir Group PLC (LON:WEIR) insider Graham Vanhegan sold 3,491 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of GBX 2,022 ($25.84), for a total transaction of £70,588.02 ($90,196.81).

The Weir Group Price Performance

Shares of WEIR stock traded up GBX 118 ($1.51) during trading hours on Thursday, hitting GBX 2,124 ($27.14). 3,415,847 shares of the company’s stock were exchanged, compared to its average volume of 2,447,615. The company has a market capitalization of £5.47 billion, a PE ratio of 24.96, a PEG ratio of 2.59 and a beta of 1.41. The Weir Group PLC has a 12-month low of GBX 1,832 ($23.41) and a 12-month high of GBX 2,496 ($31.89). The business’s 50 day simple moving average is GBX 2,317.03 and its 200-day simple moving average is GBX 2,239.27. 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 Weir Group (LON:WEIR) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 120 ($1.53) EPS for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. On average, equities research analysts anticipate that The Weir Group PLC will post 136.0509554 earnings per share for the current year.

The Weir Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be given a dividend of GBX 22.10 ($0.28) per share. This represents a yield of 0.92%. This is an increase from The Weir Group’s previous dividend of $17.90. The ex-dividend date is Thursday, April 17th. The Weir Group’s dividend payout ratio is 45.83%.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their target price on shares of The Weir Group from GBX 2,500 ($31.94) to GBX 2,700 ($34.50) and gave the company an “outperform” rating in a report on Monday, March 3rd.

About The Weir Group

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.