Ultra Electronics Holdings plc (LON:ULE) insider Tony Rice purchased 2,687 shares of Ultra Electronics stock in a transaction dated Thursday, August 29th. The stock was bought at an average cost of GBX 2,152 ($28.12) per share, with a total value of £57,824.24 ($75,557.61).
Ultra Electronics stock traded down GBX 14 ($0.18) during mid-day trading on Friday, reaching GBX 2,100 ($27.44). The company had a trading volume of 200,630 shares, compared to its average volume of 529,114. The company has a 50 day moving average of GBX 2,063.34 and a 200-day moving average of GBX 1,695.16. The firm has a market cap of $1.49 billion and a price-to-earnings ratio of 31.48. Ultra Electronics Holdings plc has a 52 week low of GBX 1,200 ($15.68) and a 52 week high of GBX 2,294 ($29.98). The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 70.99.
Ultra Electronics (LON:ULE) last released its quarterly earnings data on Wednesday, August 7th. The company reported GBX 52.50 ($0.69) EPS for the quarter, topping analysts’ consensus estimates of GBX 50 ($0.65) by GBX 2.50 ($0.03).
The company also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be given a dividend of GBX 15 ($0.20) per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, August 29th. Ultra Electronics’s dividend payout ratio (DPR) is currently 0.78%.
Several research analysts have recently commented on ULE shares. Peel Hunt restated an “add” rating on shares of Ultra Electronics in a research note on Friday, September 6th. JPMorgan Chase & Co. upped their price objective on shares of Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Credit Suisse Group upped their price objective on shares of Ultra Electronics from GBX 1,900 ($24.83) to GBX 2,250 ($29.40) and gave the stock an “outperform” rating in a report on Friday, August 9th. Barclays raised shares of Ultra Electronics to an “equal weight” rating and upped their price objective for the stock from GBX 1,120 ($14.63) to GBX 2,000 ($26.13) in a report on Monday. Finally, Berenberg Bank upped their price objective on shares of Ultra Electronics from GBX 1,750 ($22.87) to GBX 2,200 ($28.75) and gave the stock a “hold” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Ultra Electronics currently has a consensus rating of “Hold” and a consensus price target of GBX 1,989.63 ($26.00).
Ultra Electronics Company Profile
Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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