Peel Hunt Reiterates Buy Rating for Hill & Smith (HILS)

Peel Hunt reissued their buy rating on shares of Hill & Smith (LON:HILS) in a research report report published on Monday, ThisIsMoney.Co.Uk reports.

HILS has been the subject of a number of other reports. HSBC increased their target price on Hill & Smith from GBX 1,400 ($18.29) to GBX 1,450 ($18.95) and gave the stock a buy rating in a report on Thursday, March 7th. Berenberg Bank reaffirmed a hold rating and set a GBX 1,140 ($14.90) price target on shares of Hill & Smith in a report on Friday, March 15th.

Shares of LON:HILS opened at GBX 1,250 ($16.33) on Monday. Hill & Smith has a twelve month low of GBX 877.50 ($11.47) and a twelve month high of GBX 1,538 ($20.10). The company has a market cap of $988.10 million and a P/E ratio of 21.08. The company has a quick ratio of 1.29, a current ratio of 2.08 and a debt-to-equity ratio of 57.91.

The business also recently announced a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, May 23rd will be given a GBX 21.80 ($0.28) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a dividend yield of 1.87%. This is an increase from Hill & Smith’s previous dividend of $10.00. Hill & Smith’s payout ratio is currently 0.74%.

In other Hill & Smith news, insider Mark Pegler sold 13,323 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of GBX 1,171 ($15.30), for a total transaction of £156,012.33 ($203,857.74). Also, insider Derek W. Muir sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of GBX 1,238 ($16.18), for a total value of £86,660 ($113,236.64). In the last three months, insiders have sold 24,538 shares of company stock worth $29,594,993.

About Hill & Smith

Hill & Smith Holdings PLC designs, manufactures, and supplies infrastructure products; and provides galvanizing services. The company operates in three segments: Infrastructure Products – Utilities; Infrastructure Products – Roads; and Galvanizing Services segments. The Infrastructure Products – Utilities segment provides industrial floorings, plastic drainage pipes, security fencing, industrial platforms and flooring, glass reinforced composite railway platforms, flood prevention barriers, plastic drainage pipes, energy grid components, pipe supports, and steel and composite products for a range of infrastructure markets, including energy creation and distribution, rail, water, and house building.

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