Insider Buying: Alumasc Group plc (ALU) Insider Buys 22,790 Shares of Stock

Alumasc Group plc (LON:ALU) insider G Paul Hooper acquired 22,790 shares of Alumasc Group stock in a transaction that occurred on Wednesday, November 7th. The shares were purchased at an average price of GBX 131 ($1.71) per share, with a total value of £29,854.90 ($39,010.71).

Shares of ALU opened at GBX 128.50 ($1.68) on Friday. Alumasc Group plc has a 52 week low of GBX 115 ($1.50) and a 52 week high of GBX 195 ($2.55).

Alumasc Group (LON:ALU) last issued its quarterly earnings results on Tuesday, September 11th. The company reported GBX 14.40 ($0.19) EPS for the quarter, missing analysts’ consensus estimates of GBX 14.50 ($0.19) by GBX (0.10) ($0.00).

The business also recently declared a dividend, which was paid on Wednesday, October 31st. Shareholders of record on Thursday, October 4th were given a GBX 4.40 ($0.06) dividend. This is a boost from Alumasc Group’s previous dividend of $2.95. The ex-dividend date was Thursday, October 4th. This represents a yield of 3.18%.

A number of analysts recently commented on ALU shares. FinnCap upped their price objective on Alumasc Group from GBX 145 ($1.89) to GBX 165 ($2.16) and gave the company a “corporate” rating in a research report on Tuesday, September 11th. Peel Hunt reiterated an “add” rating on shares of Alumasc Group in a research report on Tuesday, September 11th.

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About Alumasc Group

The Alumasc Group plc, together with its subsidiaries, manufactures and sells building products in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally. The company offers solar shading and architectural screening products; roofing and walling products, including waterproofing systems for flat roofs and exterior wall insulation systems, as well as roofing support services; and water management solutions to manage and attenuate water originating inside or outside of the buildings.

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