David Arnold Sells 8,902 Shares of Grafton Group plc (LON:GFTU) Stock

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

Grafton Group Stock Down 2.5 %

Grafton Group stock opened at GBX 1,018.80 ($13.40) on Friday. The firm has a market capitalization of £2.04 billion, a price-to-earnings ratio of 1,212.86, a PEG ratio of 1.58 and a beta of 1.59. The company’s 50 day simple moving average is GBX 1,020.46 and its 200 day simple moving average is GBX 988.11. The company has a debt-to-equity ratio of 38.24, a current ratio of 2.46 and a quick ratio of 1.56. 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 firm also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be given a dividend of GBX 10.50 ($0.14) per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, September 12th. Grafton Group’s dividend payout ratio is currently 4,285.71%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their target price on shares of Grafton Group from GBX 1,100 ($14.46) to GBX 1,200 ($15.78) and gave the company a “buy” rating in a research 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.