Insider Buying: Ultra Electronics Holdings plc (ULE) Insider Purchases 9 Shares of Stock

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Ultra Electronics Holdings plc (LON:ULE) insider Ami Sharma purchased 9 shares of the business’s stock in a transaction on Monday, September 3rd. The shares were bought at an average price of GBX 1,589 ($20.50) per share, with a total value of £143.01 ($184.48).

Shares of LON ULE opened at GBX 1,566 ($20.20) on Thursday. Ultra Electronics Holdings plc has a twelve month low of GBX 1,138 ($14.68) and a twelve month high of GBX 2,231 ($28.78).

Ultra Electronics (LON:ULE) last announced its earnings results on Monday, August 6th. The company reported GBX 45.10 ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 57.70 ($0.74) by GBX (12.60) (($0.16)). Ultra Electronics had a return on equity of 14.47% and a net margin of 7.23%.

The firm also recently announced a dividend, which will be paid on Friday, September 21st. Stockholders of record on Thursday, August 30th will be paid a GBX 14.60 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a dividend yield of 0.91%.

A number of equities analysts have issued reports on ULE shares. Kepler Capital Markets lifted their price target on Ultra Electronics from GBX 1,600 ($20.64) to GBX 1,650 ($21.28) and gave the company a “buy” rating in a research note on Tuesday, May 15th. Liberum Capital reiterated a “buy” rating on shares of Ultra Electronics in a research note on Wednesday, June 27th. JPMorgan Chase & Co. lifted their price target on Ultra Electronics from GBX 1,900 ($24.51) to GBX 1,950 ($25.15) and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Berenberg Bank lifted their price target on Ultra Electronics from GBX 1,440 ($18.58) to GBX 1,660 ($21.41) and gave the company a “hold” rating in a research note on Thursday, August 9th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,664 ($21.47).

Ultra Electronics Company Profile

Ultra Electronics Holdings plc, together with its subsidiaries, provides various solutions and products in the defense and aerospace, security and cyber, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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