Reece Limited (ASX:REH) Insider Ross McEwan Buys 30,000 Shares

Reece Limited (ASX:REH) insider Ross McEwan bought 30,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of A$18.06 ($11.43) per share, for a total transaction of A$541,830.00 ($342,930.38).

Reece Stock Performance

The company has a debt-to-equity ratio of 47.17, a quick ratio of 1.07 and a current ratio of 2.17. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 1.37 and a beta of 0.83.

Reece Cuts Dividend

The business also recently disclosed a Interim dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.065 per share. This represents a yield of 0.36%. The ex-dividend date of this dividend is Monday, March 17th. Reece’s dividend payout ratio is currently 40.00%.

Reece Company Profile

Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets.