Pete Raby Acquires 13,500 Shares of Morgan Advanced Materials plc (LON:MGAM) Stock

Morgan Advanced Materials plc (LON:MGAM) insider Pete Raby bought 13,500 shares of the business’s stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of GBX 182 ($2.35) per share, with a total value of £24,570 ($31,670.53).

Pete Raby also recently made the following trade(s):

• On Tuesday, March 25th, Pete Raby sold 48,253 shares of Morgan Advanced Materials stock. The shares were sold at an average price of GBX 204 ($2.63), for a total transaction of £98,436.12 ($126,883.37).

Morgan Advanced Materials Stock Performance

Shares of Morgan Advanced Materials stock opened at GBX 178.40 ($2.30) on Monday. The firm has a market capitalization of £502.88 million, a P/E ratio of 7.34, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. Morgan Advanced Materials plc has a 52 week low of GBX 171.83 ($2.21) and a 52 week high of GBX 347 ($4.47). The firm’s 50 day moving average is GBX 237.21 and its two-hundred day moving average is GBX 253.96.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) EPS for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Research analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.

Morgan Advanced Materials Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 13th. Investors of record on Thursday, April 10th will be paid a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 3.17%. The ex-dividend date is Thursday, April 10th. This is an increase from Morgan Advanced Materials’s previous dividend of $5.40. Morgan Advanced Materials’s dividend payout ratio (DPR) is currently 49.39%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MGAM. Royal Bank of Canada dropped their price objective on Morgan Advanced Materials from GBX 320 ($4.12) to GBX 265 ($3.42) and set an “outperform” rating for the company in a research note on Monday, March 3rd. Citigroup boosted their price objective on Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the stock a “buy” rating in a research report on Thursday, January 23rd.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.