Reece Limited (ASX:REH – Get Free Report) insider Ross McEwan bought 30,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of A$18.06 ($11.22) per share, for a total transaction of A$541,830.00 ($336,540.37).
Reece Stock Performance
The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 1.37 and a beta of 0.83. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 47.17.
Reece Cuts Dividend
The firm also recently declared a Interim dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be given a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a yield of 0.36%. Reece’s dividend payout ratio (DPR) is 40.00%.
Reece Company Profile
Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets.
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