Ultra Electronics Holdings plc (LON:ULE) Declares Dividend Increase – GBX 54.60 Per Share

Ultra Electronics Holdings plc (LON:ULE) announced a dividend on Thursday, July 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 27th will be given a dividend of GBX 54.60 ($0.67) per share on Friday, September 18th. This represents a yield of 2.28%. The ex-dividend date is Thursday, August 27th. This is an increase from Ultra Electronics’s previous dividend of $39.20. The official announcement can be viewed at this link.

Ultra Electronics stock opened at GBX 2,382 ($29.31) on Friday. Ultra Electronics has a 12-month low of GBX 19.80 ($0.24) and a 12-month high of GBX 2,346 ($28.87). The stock has a market cap of $1.69 billion and a P/E ratio of 22.71. The company has a 50-day moving average price of GBX 2,059.94 and a 200 day moving average price of GBX 2,023.29. The company has a current ratio of 1.81, a quick ratio of 1.31 and a debt-to-equity ratio of 55.04.

Ultra Electronics (LON:ULE) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 54.70 ($0.67) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 49.70 ($0.61) by GBX 5 ($0.06). As a group, analysts forecast that Ultra Electronics will post 12020.8291954 EPS for the current year.

In other Ultra Electronics news, insider Tony Rice acquired 5,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of GBX 2,052 ($25.25) per share, with a total value of £102,600 ($126,261.38).

Several equities research analysts recently issued reports on ULE shares. Berenberg Bank raised their price objective on shares of Ultra Electronics from GBX 2,300 ($28.30) to GBX 2,600 ($32.00) and gave the stock a “buy” rating in a research report on Friday. Peel Hunt restated a “buy” rating on shares of Ultra Electronics in a research report on Thursday. Goldman Sachs Group lowered their target price on shares of Ultra Electronics from GBX 1,840 ($22.64) to GBX 1,770 ($21.78) and set a “sell” rating for the company in a research note on Wednesday, April 22nd. Barclays lowered their target price on shares of Ultra Electronics from GBX 2,000 ($24.61) to GBX 1,800 ($22.15) and set an “equal weight” rating for the company in a research note on Friday, May 15th. Finally, Credit Suisse Group increased their target price on shares of Ultra Electronics from GBX 2,550 ($31.38) to GBX 2,600 ($32.00) and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,245.71 ($27.64).

About Ultra Electronics

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.

Featured Article: Candlestick

Dividend History for Ultra Electronics (LON:ULE)

Receive News & Ratings for Ultra Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Electronics and related companies with MarketBeat.com's FREE daily email newsletter.