Grafton Group plc (LON:GFTU) Insider Sells £305,400 in Stock

Grafton Group plc (LON:GFTU) insider David Arnold sold 30,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of GBX 1,018 ($13.20), for a total value of £305,400 ($396,057.58).

David Arnold also recently made the following trade(s):

• On Tuesday, September 3rd, David Arnold sold 8,902 shares of Grafton Group stock. The shares were sold at an average price of GBX 1,078 ($13.98), for a total value of £95,963.56 ($124,450.21).

Grafton Group Trading Down 0.5 %

Shares of LON:GFTU opened at GBX 1,009.60 ($13.09) on Tuesday. The stock has a market capitalization of £2.01 billion, a price-to-earnings ratio of 1,216.39, a PEG ratio of 1.58 and a beta of 1.60. Grafton Group plc has a 1-year low of GBX 742.70 ($9.63) and a 1-year high of GBX 1,097 ($14.23). The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. The company has a 50 day moving average price of GBX 1,043.34 and a 200 day moving average price of GBX 1,003.34.

Grafton Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were paid a dividend of GBX 10.50 ($0.14) per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Thursday, September 12th. Grafton Group’s dividend payout ratio (DPR) is currently 4,457.83%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price target on shares of Grafton Group from GBX 1,100 ($14.27) to GBX 1,200 ($15.56) and gave the stock 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.