Tyman PLC (LON:TYMN) declared a dividend on Tuesday, March 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 8.25 ($0.11) per share on Friday, May 24th. This represents a yield of 3.16%. The ex-dividend date is Thursday, April 18th. This is an increase from Tyman’s previous dividend of $3.75. The official announcement can be viewed at this link.
TYMN opened at GBX 263 ($3.44) on Wednesday. The company has a market cap of $512.39 million and a price-to-earnings ratio of 19.20. The company has a debt-to-equity ratio of 60.15, a current ratio of 2.38 and a quick ratio of 1.30. Tyman has a one year low of GBX 222.50 ($2.91) and a one year high of GBX 359.50 ($4.70).
In other news, insider Martin Towers bought 17,016 shares of Tyman stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of GBX 242 ($3.16) per share, for a total transaction of £41,178.72 ($53,807.29). Also, insider Pamela Bingham purchased 3,928 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of GBX 253 ($3.31) per share, for a total transaction of £9,937.84 ($12,985.55).
A number of research analysts have commented on TYMN shares. Canaccord Genuity lowered their price target on Tyman from GBX 330 ($4.31) to GBX 295 ($3.85) and set a “buy” rating for the company in a research report on Tuesday, January 8th. Liberum Capital reiterated a “buy” rating on shares of Tyman in a report on Monday, January 14th. Berenberg Bank downgraded Tyman to a “hold” rating and reduced their target price for the stock from GBX 390 ($5.10) to GBX 270 ($3.53) in a report on Monday, January 28th. Finally, Peel Hunt reiterated a “buy” rating on shares of Tyman in a report on Monday, February 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tyman presently has an average rating of “Buy” and a consensus price target of GBX 360.83 ($4.71).
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Tyman Company Profile
Tyman plc, together with its subsidiaries, manufactures and supplies engineered components to the door and window industry in North America, Europe, South America, Asia, and Australasia. It operates through three divisions: AmesburyTruth, ERA, and SchlegelGiesse. The AmesburyTruth division manufactures window and door hardware components, extrusions, and sealing systems.
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