Insider Buying: Martinrea International (TSE:MRE) Insider Purchases 4,400 Shares of Stock

Martinrea International Inc. (TSE:MRE) insider Hany Morsy purchased 4,400 shares of Martinrea International stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of C$10.56 per share, for a total transaction of C$46,464.00. Following the acquisition, the insider owned 9,000 shares in the company, valued at C$95,040. This trade represents a 95.65% increase in their ownership of the stock.

Martinrea International Stock Down 1.6%

MRE stock traded down C$0.17 during midday trading on Tuesday, hitting C$10.32. The stock had a trading volume of 41,790 shares, compared to its average volume of 92,819. The firm has a market cap of C$731.63 million, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The business has a 50-day moving average of C$10.30 and a two-hundred day moving average of C$10.18. Martinrea International Inc. has a 52-week low of C$8.16 and a 52-week high of C$11.72. The company has a debt-to-equity ratio of 77.11, a current ratio of 1.27 and a quick ratio of 0.68.

Martinrea International (TSE:MRE) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.45 EPS for the quarter. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. The company had revenue of C$1.13 billion for the quarter. As a group, equities research analysts forecast that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Martinrea International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Martinrea International’s payout ratio is currently 12.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. TD Securities boosted their price target on Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. BMO Capital Markets dropped their target price on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Martinrea International presently has an average rating of “Moderate Buy” and an average target price of C$12.83.

Martinrea International Company Profile

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.