Tyman (LON:TYMN) Reaches New 52-Week High at $385.00

Tyman plc (LON:TYMN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 385 ($4.76) and last traded at GBX 381 ($4.71), with a volume of 639929 shares changing hands. The stock had previously closed at GBX 296 ($3.66).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 360 ($4.45) target price on shares of Tyman in a research report on Thursday, March 7th.

Tyman Trading Up 0.4 %

The company’s 50 day simple moving average is GBX 297.26 and its 200 day simple moving average is GBX 287.11. The firm has a market cap of £769.12 million, a price-to-earnings ratio of 2,075.32, a P/E/G ratio of 0.88 and a beta of 1.46. The company has a debt-to-equity ratio of 44.08, a current ratio of 1.64 and a quick ratio of 1.16.

Tyman Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Thursday, April 25th will be paid a GBX 9.50 ($0.12) dividend. This is an increase from Tyman’s previous dividend of $4.20. The ex-dividend date is Thursday, April 25th. This represents a dividend yield of 3.22%. Tyman’s payout ratio is 7,368.42%.

About Tyman

Tyman plc designs, manufactures, and supplies engineered fenestration components and access solutions to the construction industry. It operates through three divisions: Tyman North America, Tyman UK & Ireland, and Tyman International. The Tyman North America division offers single and multipoint locking systems, decorative handle trim sets, and precision rollers; operators, tie bar/locks, and hinges for casement and awning applications; hardware for sliding and hung windows; and locks/keepers, integrated tilt latches, rollers, balance systems, seals, and extruded profiles for hung and sliding window applications, as well as various specialty access and safety products, including smoke vents, roof access hatches, floor access doors, and ladder posts.