Insider Selling: The Weir Group PLC (LON:WEIR) Insider Sells £632,267.32 in Stock

The Weir Group PLC (LON:WEIR) insider Brian Puffer sold 27,466 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 2,302 ($30.16), for a total transaction of £632,267.32 ($828,442.51).

Brian Puffer also recently made the following trade(s):

• On Friday, February 28th, Brian Puffer sold 9,794 shares of The Weir Group stock. The shares were sold at an average price of GBX 2,414 ($31.63), for a total value of £236,427.16 ($309,784.01).

The Weir Group Stock Performance

Shares of LON:WEIR opened at GBX 2,212 ($28.98) on Friday. The business’s 50-day simple moving average is GBX 2,362.32 and its 200 day simple moving average is GBX 2,243.41. The company has a market cap of £5.70 billion, a P/E ratio of 25.99, a PEG ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The Weir Group PLC has a one year low of GBX 1,832 ($24.00) and a one year high of GBX 2,496 ($32.70).

The Weir Group (LON:WEIR) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 120 ($1.57) earnings per share (EPS) for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. On average, 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 disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be given a GBX 22.10 ($0.29) dividend. This is a boost from The Weir Group’s previous dividend of $17.90. This represents a yield of 0.92%. The ex-dividend date of this dividend is Thursday, April 17th. The Weir Group’s dividend payout ratio is presently 45.83%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on shares of The Weir Group from GBX 2,500 ($32.76) to GBX 2,700 ($35.38) 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.