Insider Buying: Norcros plc (LON:NXR) Insider Acquires 10,158 Shares of Stock

Norcros plc (LON:NXR) insider Stefan Allanson acquired 10,158 shares of Norcros stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of GBX 235 ($2.93) per share, with a total value of £23,871.30 ($29,794.43).

Norcros Stock Performance

Shares of Norcros stock traded down GBX 2 ($0.02) on Wednesday, reaching GBX 230 ($2.87). 66,970 shares of the stock were exchanged, compared to its average volume of 249,396. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 40.60. The firm has a market capitalization of £205.83 million, a PE ratio of 766.67 and a beta of 1.39. Norcros plc has a 1-year low of GBX 167.50 ($2.09) and a 1-year high of GBX 283 ($3.53). The business has a fifty day moving average price of GBX 249.43 and a two-hundred day moving average price of GBX 244.54.

Norcros (LON:NXR) last issued its earnings results on Thursday, November 21st. The company reported GBX 14.20 ($0.18) earnings per share (EPS) for the quarter. Norcros had a return on equity of 12.38% and a net margin of 6.84%. As a group, research analysts anticipate that Norcros plc will post 31.3118812 earnings per share for the current fiscal year.

Norcros Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, November 28th were paid a GBX 3.50 ($0.04) dividend. This represents a dividend yield of 1.41%. The ex-dividend date was Thursday, November 28th. Norcros’s dividend payout ratio (DPR) is 3,333.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NXR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 375 ($4.68) price target on shares of Norcros in a research note on Friday, November 22nd. Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research note on Thursday, November 21st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 325 ($4.06) target price on shares of Norcros in a research note on Thursday, November 21st.

About Norcros

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.