Ultra Electronics Holdings plc (LON:ULE) announced a dividend on Thursday, July 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 27th will be given a dividend of GBX 54.60 ($0.67) per share on Friday, September 18th. This represents a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, August 27th. This is an increase from Ultra Electronics’s previous dividend of $39.20. The official announcement can be viewed at this link.
Shares of ULE stock opened at GBX 2,382 ($29.31) on Friday. Ultra Electronics has a 12-month low of GBX 19.80 ($0.24) and a 12-month high of GBX 2,346 ($28.87). The company has a current ratio of 1.81, a quick ratio of 1.31 and a debt-to-equity ratio of 55.04. The firm’s 50 day moving average is GBX 2,059.94 and its 200 day moving average is GBX 2,023.29. The stock has a market capitalization of $1.69 billion and a P/E ratio of 22.71.
Ultra Electronics (LON:ULE) last issued its earnings results on Thursday, July 30th. The company reported GBX 54.70 ($0.67) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 49.70 ($0.61) by GBX 5 ($0.06). As a group, equities analysts predict that Ultra Electronics will post 12020.8291954 earnings per share for the current year.
In other news, insider Tony Rice acquired 5,000 shares of Ultra Electronics stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of GBX 2,052 ($25.25) per share, for a total transaction of £102,600 ($126,261.38).
Several equities research analysts recently issued reports on the stock. Berenberg Bank raised their target price on shares of Ultra Electronics from GBX 2,300 ($28.30) to GBX 2,600 ($32.00) and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group raised their target price on shares of Ultra Electronics from GBX 2,550 ($31.38) to GBX 2,600 ($32.00) and gave the stock an “outperform” rating in a report on Friday. Barclays decreased their price target on shares of Ultra Electronics from GBX 2,000 ($24.61) to GBX 1,800 ($22.15) and set an “equal weight” rating on the stock in a research report on Friday, May 15th. Goldman Sachs Group decreased their price target on shares of Ultra Electronics from GBX 1,840 ($22.64) to GBX 1,770 ($21.78) and set a “sell” rating on the stock in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group increased their price target on shares of Ultra Electronics from GBX 2,000 ($24.61) to GBX 2,100 ($25.84) and gave the stock a “hold” rating in a research report on Friday, June 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 2,245.71 ($27.64).
About Ultra Electronics
Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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