Ibstock plc (LON:IBST) Insider Joe Hudson Sells 139,886 Shares

Ibstock plc (LON:IBST) insider Joe Hudson sold 139,886 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.34), for a total transaction of £246,199.36 ($326,784.39).

Ibstock Stock Up 0.4 %

Shares of Ibstock stock opened at GBX 187.40 ($2.49) on Friday. The company has a fifty day moving average price of GBX 170.41 and a 200 day moving average price of GBX 176.56. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. Ibstock plc has a twelve month low of GBX 147.20 ($1.95) and a twelve month high of GBX 212 ($2.81). The stock has a market cap of £738.38 million, a price-to-earnings ratio of 101.46, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last posted its earnings results on Thursday, March 6th. The company reported GBX 7.70 ($0.10) earnings per share (EPS) for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. Equities research analysts forecast that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

Ibstock Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be paid a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 1.45%. This is a positive change from Ibstock’s previous dividend of $1.50. Ibstock’s dividend payout ratio (DPR) is currently 270.70%.

Analyst Ratings Changes

IBST has been the topic of several research reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.65) target price on shares of Ibstock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Ibstock from GBX 225 ($2.99) to GBX 240 ($3.19) and gave the stock a “buy” rating in a report on Thursday, February 20th.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.