Castings P.L.C. (LON:CGS) Insider Steve Mant Purchases 3,230 Shares

Castings P.L.C. (LON:CGS - Get Free Report) insider Steve Mant acquired 3,230 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of GBX 308 ($4.00) per share, with a total value of £9,948.40 ($12,926.72).Castings Trading Down 0.9 %LON:CGS opened at GBX 305.17 ($3.97) on Thursday. The company has a 50-day moving average price of GBX 358.75 and a 200-day moving average price of GBX 359.33. The stock has a market cap of £132.63 million, a price-to-earnings ratio of 810.53 and a beta of 0.63. Castings P.L.C. has a 12 month low of GBX 286 ($3.72) and a 12 month high of GBX 408 ($5.30). Castings Increases DividendThe business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 18th will be issued a GBX 14.19 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, July 18th. This is a positive change from Castings's previous dividend of $4.13. This represents a yield of 3.84%. Castings's dividend payout ratio (DPR) is 4,736.84%. Wall Street Analyst Weigh InSeparately, Canaccord Genuity Group dropped their price target on Castings from GBX 460 ($5.98) to GBX 390 ($5.07) and set a "buy" rating for the company in a research note on Tuesday.View Our Latest Report on CGSAbout Castings (Get Free Report)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.Read MoreFive stocks we like better than Castings3 Monster Growth Stocks to Buy NowTarget Hits the Mark: Q2 Earnings Exceed ExpectationsNYSE Stocks Give Investors a Variety of Quality Options Is Tesla’s Rebound Just Starting? Why You Should Consider BuyingHow to Use the MarketBeat Excel Dividend CalculatorStanley Druckenmiller's Latest Bet: MELI—Should You Follow Suit?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Has Trump Finally Gone Too Far? (From Insiders Exposed) (Ad)Should you invest $1,000 in Castings right now?Before you consider Castings, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Castings wasn't on the list.While Castings currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here