Hill & Smith (LON:HILS) PT Lowered to GBX 1,490

Hill & Smith (LON:HILS – Get Rating) had its price target lowered by Berenberg Bank from GBX 1,600 ($19.90) to GBX 1,490 ($18.53) in a research note published on Friday, Digital Look reports. The brokerage currently has a buy rating on the stock.

HILS has been the topic of several other research reports. Peel Hunt restated a buy rating and set a GBX 1,500 ($18.66) target price on shares of Hill & Smith in a research note on Wednesday, March 8th. Numis Securities reiterated a buy rating and issued a GBX 1,600 ($19.90) price objective on shares of Hill & Smith in a research note on Monday, February 20th. Finally, Shore Capital cut shares of Hill & Smith to a hold rating in a research note on Wednesday, March 8th.

Hill & Smith Stock Performance

Shares of HILS stock opened at GBX 1,402 ($17.44) on Friday. The company has a debt-to-equity ratio of 36.58, a quick ratio of 0.92 and a current ratio of 2.01. The company has a market capitalization of £1.12 billion, a price-to-earnings ratio of 2,092.54 and a beta of 1.24. The company’s 50-day moving average is GBX 1,349.76 and its 200 day moving average is GBX 1,278.12. Hill & Smith has a one year low of GBX 859 ($10.68) and a one year high of GBX 1,474 ($18.33).

Hill & Smith Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 1st will be paid a dividend of GBX 22 ($0.27) per share. This is a boost from Hill & Smith’s previous dividend of $13.00. The ex-dividend date of this dividend is Thursday, June 1st. This represents a yield of 1.56%. Hill & Smith’s dividend payout ratio (DPR) is presently 5,223.88%.

Insiders Place Their Bets

In other news, insider Anthony (Tony) James Quinlan bought 1,911 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were bought at an average price of GBX 1,300 ($16.17) per share, for a total transaction of £24,843 ($30,899.25). In related news, insider Alan Giddins acquired 3,625 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was acquired at an average cost of GBX 1,359 ($16.90) per share, with a total value of £49,263.75 ($61,273.32). Also, insider Anthony (Tony) James Quinlan acquired 1,911 shares of the business’s stock in a transaction on Monday, March 13th. The shares were bought at an average cost of GBX 1,300 ($16.17) per share, with a total value of £24,843 ($30,899.25). In the last 90 days, insiders have bought 7,456 shares of company stock worth $9,996,915. Company insiders own 2.36% of the company’s stock.

Hill & Smith Company Profile

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Hill & Smith PLC manufactures and supplies infrastructure products in the United Kingdom, rest of Europe, North America, the Middle East, rest of Asia, and internationally. It operates through Roads & Security; Utilities; and Galvanizing Services segments. The Roads & Security segment designs, manufactures, and installs temporary and permanent safety products for the roads market, as well as provides range of security products to protect people, buildings, and infrastructure from attacks, including hostile vehicle mitigation solutions, high security fencing, and automated gate solutions.