Grafton Group plc (LON:GFTU) Insider Eric Born Acquires 13,700 Shares

Grafton Group plc (LON:GFTU) insider Eric Born purchased 13,700 shares of Grafton Group stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of GBX 896 ($11.86) per share, for a total transaction of £122,752 ($162,456.33).

Eric Born also recently made the following trade(s):

• On Friday, April 4th, Eric Born acquired 1,253 shares of Grafton Group stock. The shares were bought at an average price of GBX 841 ($11.13) per share, with a total value of £10,537.73 ($13,946.18).

Grafton Group Trading Up 3.0 %

Shares of GFTU stock opened at GBX 911.60 ($12.06) on Wednesday. The company has a market capitalization of £1.79 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.58 and a beta of 1.60. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66. The firm has a 50-day moving average price of GBX 867.39 and a 200 day moving average price of GBX 932.70. Grafton Group plc has a twelve month low of GBX 790.90 ($10.47) and a twelve month high of GBX 1,097 ($14.52).

Grafton Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th will be given a GBX 26.50 ($0.35) dividend. This represents a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Grafton Group’s previous dividend of $10.50. Grafton Group’s payout ratio is currently 56.74%.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,100 ($14.56) target price on shares of Grafton Group in a report on Monday, March 10th.

Grafton Group Company Profile

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.