Martinrea International Inc. (TSE:MRE) Senior Officer Purchases C$24,411.00 in Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were purchased at an average price of C$12.21 per share, for a total transaction of C$24,411.00.

Bruce Norman Johnson also recently made the following trade(s):

• On Tuesday, May 7th, Bruce Norman Johnson purchased 1,200 shares of Martinrea International stock. The shares were purchased at an average price of C$11.95 per share, for a total transaction of C$14,340.00.

Martinrea International Stock Down 0.9 %

TSE:MRE traded down C$0.11 during trading hours on Friday, hitting C$11.96. The company’s stock had a trading volume of 86,713 shares, compared to its average volume of 196,447. The stock has a market capitalization of C$917.81 million, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.82 and a beta of 2.23. The stock has a fifty day moving average of C$11.73 and a 200-day moving average of C$12.69. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 84.42. Martinrea International Inc. has a 52-week low of C$10.75 and a 52-week high of C$15.16.

Martinrea International (TSE:MRE) last posted its earnings results on Thursday, May 2nd. The company reported C$0.62 EPS for the quarter, beating the consensus estimate of C$0.57 by C$0.05. The firm had revenue of C$1.32 billion for the quarter, compared to analyst estimates of C$1.31 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. On average, equities analysts forecast that Martinrea International Inc. will post 2.3584906 earnings per share for the current year.

Martinrea International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, June 28th. Martinrea International’s dividend payout ratio (DPR) is presently 10.58%.

Wall Street Analysts Forecast Growth

MRE has been the topic of a number of recent research reports. Scotiabank cut their price objective on Martinrea International from C$15.00 to C$14.50 in a research report on Friday, May 3rd. CIBC cut their price objective on Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating on the stock in a research report on Monday, May 6th. TD Securities lowered Martinrea International from an “action list buy” rating to a “buy” rating and cut their price objective for the stock from C$21.00 to C$19.00 in a research report on Friday, March 1st. Finally, Raymond James cut their price objective on Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.25.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.