Castings P.L.C. to Issue Dividend of GBX 4.21 (LON:CGS)

Castings P.L.C. (LON:CGS) declared a dividend on Wednesday, November 13th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 4.21 ($0.05) per share on Thursday, January 2nd. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 21st. The official announcement can be viewed at this link.

Castings Trading Up 2.2 %

CGS stock traded up GBX 6 ($0.08) during trading hours on Wednesday, hitting GBX 284 ($3.65). 23,288 shares of the stock traded hands, compared to its average volume of 30,994. The stock has a 50-day simple moving average of GBX 296.20 and a 200 day simple moving average of GBX 339.72. Castings has a one year low of GBX 239.83 ($3.09) and a one year high of GBX 404 ($5.20). The company has a market cap of £123.43 million, a P/E ratio of 747.37 and a beta of 0.60.

Insider Activity at Castings

In related news, insider Adam Vicary purchased 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of GBX 300 ($3.86) per share, for a total transaction of £10,500 ($13,511.77). In other Castings news, insider Adam Vicary acquired 3,500 shares of Castings stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of GBX 300 ($3.86) per share, with a total value of £10,500 ($13,511.77). Also, insider Steve Mant acquired 3,307 shares of Castings stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of GBX 301 ($3.87) per share, with a total value of £9,954.07 ($12,809.25). Insiders purchased 10,037 shares of company stock worth $3,040,247 in the last quarter. 21.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on Castings from GBX 390 ($5.02) to GBX 340 ($4.38) and set a “buy” rating for the company in a research note on Wednesday.

About Castings

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.