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

Castings P.L.C. (LON:CGS) announced a dividend on Wednesday, November 13th,Upcoming Dividends.Co.Uk reports. Investors 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 is Thursday, November 21st. The official announcement can be seen at this link.

Castings Stock Down 7.9 %

Castings stock traded down GBX 22.40 ($0.29) during trading hours on Thursday, hitting GBX 261.60 ($3.37). The stock had a trading volume of 114,622 shares, compared to its average volume of 31,369. The business’s 50 day simple moving average is GBX 295.81 and its 200-day simple moving average is GBX 339.17. Castings has a one year low of GBX 238 ($3.06) and a one year high of GBX 404 ($5.20). The stock has a market cap of £113.69 million, a price-to-earnings ratio of 747.37 and a beta of 0.60.

Insider Buying and Selling

In related news, insider Steve Mant bought 3,230 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of GBX 308 ($3.96) per share, with a total value of £9,948.40 ($12,801.96). In other news, insider Adam Vicary acquired 3,500 shares of Castings stock in a transaction dated Wednesday, September 11th. The shares were bought 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 bought 3,230 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of GBX 308 ($3.96) per share, with a total value of £9,948.40 ($12,801.96). Insiders have acquired a total of 10,037 shares of company stock valued at $3,040,247 over the last 90 days. 21.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their target price on shares of Castings from GBX 390 ($5.02) to GBX 340 ($4.38) and set a “buy” rating on the stock in a research 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.