Ultra Electronics Holdings plc (LON:ULE) insider Tony Rice bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost of GBX 2,159 ($28.21) per share, with a total value of £107,950 ($141,055.80).
Shares of ULE opened at GBX 2,140 ($27.96) on Thursday. The stock’s 50-day moving average price is GBX 2,337.60 and its 200 day moving average price is GBX 2,056.61. The company has a quick ratio of 1.11, a current ratio of 1.63 and a debt-to-equity ratio of 41.32. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 22.36. Ultra Electronics Holdings plc has a 12-month low of GBX 1,446 ($18.89) and a 12-month high of GBX 2,540 ($33.19).
Ultra Electronics (LON:ULE) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 54.70 ($0.71) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 49.70 ($0.65) by GBX 5 ($0.07). Equities research analysts expect that Ultra Electronics Holdings plc will post 12028.0228921 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, August 27th will be issued a GBX 54.60 ($0.71) dividend. This represents a yield of 2.28%. The ex-dividend date is Thursday, August 27th. This is a positive change from Ultra Electronics’s previous dividend of $39.20. Ultra Electronics’s payout ratio is 73.15%.
Several analysts recently issued reports on ULE shares. Peel Hunt reaffirmed a “buy” rating on shares of Ultra Electronics in a report on Thursday, July 30th. Jefferies Financial Group upped their price target on shares of Ultra Electronics from GBX 2,000 ($26.13) to GBX 2,100 ($27.44) and gave the company a “hold” rating in a report on Friday, June 12th. Barclays lifted their price objective on Ultra Electronics from GBX 1,800 ($23.52) to GBX 2,200 ($28.75) and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. Credit Suisse Group increased their target price on Ultra Electronics from GBX 2,550 ($33.32) to GBX 2,600 ($33.97) and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Berenberg Bank lifted their price target on Ultra Electronics from GBX 2,300 ($30.05) to GBX 2,600 ($33.97) and gave the stock a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 2,302.86 ($30.09).
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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