Castings P.L.C. (LON:CGS) Plans GBX 4.21 Dividend

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 seen at this link.

Castings Trading Down 7.9 %

Castings stock traded down GBX 22.40 ($0.29) during midday trading on Thursday, reaching GBX 261.60 ($3.37). The stock had a trading volume of 114,622 shares, compared to its average volume of 31,369. The company has a fifty day moving average price of GBX 295.81 and a two-hundred day moving average price of GBX 339.17. Castings has a 12 month low of GBX 238 ($3.06) and a 12 month high of GBX 404 ($5.20). The company has a market capitalization of £113.69 million, a P/E ratio of 747.37 and a beta of 0.60.

Insiders Place Their Bets

In related news, insider Steve Mant purchased 3,307 shares of the business’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of GBX 301 ($3.87) per share, for a total transaction of £9,954.07 ($12,809.25). In other news, insider Adam Vicary acquired 3,500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of GBX 300 ($3.86) per share, for a total transaction of £10,500 ($13,511.77). Also, insider Steve Mant bought 3,307 shares of the company’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of GBX 301 ($3.87) per share, for a total transaction of £9,954.07 ($12,809.25). Over the last 90 days, insiders have acquired 10,037 shares of company stock worth $3,040,247. Insiders own 21.35% of the company’s stock.

Analysts Set New Price Targets

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