Insider Selling: Grafton Group plc (LON:GFTU) Insider Sells 8,902 Shares of Stock

Grafton Group plc (LON:GFTU) insider David Arnold sold 8,902 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of GBX 1,078 ($14.17), for a total value of £95,963.56 ($126,184.83).

Grafton Group Stock Performance

Shares of GFTU traded down GBX 24.80 ($0.33) during mid-day trading on Wednesday, hitting GBX 1,054 ($13.86). The stock had a trading volume of 297,158 shares, compared to its average volume of 419,919. The company has a market cap of £2.11 billion, a PE ratio of 1,284.29, a PEG ratio of 1.58 and a beta of 1.59. The company’s fifty day simple moving average is GBX 1,014.41 and its two-hundred day simple moving average is GBX 987.07. The company has a quick ratio of 1.56, a current ratio of 2.46 and a debt-to-equity ratio of 38.24. Grafton Group plc has a fifty-two week low of GBX 737.20 ($9.69) and a fifty-two week high of GBX 1,097 ($14.42).

Grafton Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 12th will be given a dividend of GBX 10.50 ($0.14) per share. The ex-dividend date is Thursday, September 12th. This represents a yield of 1%. Grafton Group’s dividend payout ratio is currently 4,285.71%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on Grafton Group from GBX 1,100 ($14.46) to GBX 1,200 ($15.78) and gave the company a “buy” rating in a report on Thursday, August 29th.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.