ABM Industries Inc. Hits New 52-Week High at $26.73 (ABM)
Shares of ABM Industries (NYSE:ABM) hit a new 52-week high during trading on Monday, StockRatingsNetwork reports. The stock traded as high as $26.73 and last traded at $26.51, with a volume of 153,456 shares trading hands. The stock had previously closed at $26.19.
A number of analysts have recently weighed in on ABM shares. Analysts at Imperial Capital raised their price target on shares of ABM Industries (NYSE:ABM) from $24.50 to $26.00 in a research note to investors on Friday, September 6th. They now have an “in-line” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries (NYSE:ABM) in a research note to investors on Wednesday, September 4th. They now have a $26.00 price target on the stock.
In other ABM Industries news, CFO James Lusk unloaded 5,252 shares of the company’s stock on the open market in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $25.98, for a total value of $136,446.96. Following the transaction, the chief financial officer now directly owns 52,199 shares in the company, valued at approximately $1,356,130. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
ABM Industries has a 52-week low of $17.95 and a 52-week high of $26.70. The stock has a 50-day moving average of $25.55 and a 200-day moving average of $23.87. The company has a market cap of $1.462 billion and a price-to-earnings ratio of 19.17.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 4th. Investors of record on Thursday, October 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, October 1st.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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