Shares of Vesuvius plc (LON:VSVS – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 498 ($6.29) and last traded at GBX 492.20 ($6.22), with a volume of 4069 shares changing hands. The stock had previously closed at GBX 492.20 ($6.22).
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on VSVS shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 675 ($8.53) price objective on shares of Vesuvius in a research note on Thursday, February 29th. Numis Securities reissued an “add” rating on shares of Vesuvius in a research note on Monday, December 4th. Finally, Berenberg Bank raised their price objective on shares of Vesuvius from GBX 480 ($6.07) to GBX 580 ($7.33) and gave the stock a “buy” rating in a research note on Tuesday, March 5th.
Get Our Latest Stock Analysis on VSVS
Vesuvius Stock Performance
Vesuvius Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 16.20 ($0.20) per share. This represents a dividend yield of 3.33%. This is a boost from Vesuvius’s previous dividend of $6.80. The ex-dividend date is Thursday, April 18th. Vesuvius’s dividend payout ratio (DPR) is 5,227.27%.
Insider Transactions at Vesuvius
In other Vesuvius news, insider Patrick André sold 66,184 shares of Vesuvius stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of GBX 484 ($6.12), for a total value of £320,330.56 ($404,815.57). In other news, insider Mark Collis bought 8,228 shares of the stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of GBX 484 ($6.12) per share, with a total value of £39,823.52 ($50,326.70). Also, insider Patrick André sold 66,184 shares of Vesuvius stock in a transaction on Monday, March 18th. The shares were sold at an average price of GBX 484 ($6.12), for a total transaction of £320,330.56 ($404,815.57). Corporate insiders own 1.34% of the company’s stock.
Vesuvius Company Profile
Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.
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