Balfour Beatty plc (LON:BBY - Get Free Report) insider Philip Harrison sold 155,560 shares of Balfour Beatty stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of GBX 434 ($5.52), for a total transaction of £675,130.40 ($859,381.87).
Balfour Beatty Trading Up 3.7 %
BBY traded up GBX 14.60 ($0.19) on Tuesday, hitting GBX 405 ($5.16). 1,014,445 shares of the company were exchanged, compared to its average volume of 3,610,719. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. Balfour Beatty plc has a 12 month low of GBX 341.20 ($4.34) and a 12 month high of GBX 476.40 ($6.06). The firm has a fifty day simple moving average of GBX 452.60 and a two-hundred day simple moving average of GBX 446.01. The stock has a market capitalization of £2.07 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.
Balfour Beatty (LON:BBY - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.55) EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. Sell-side analysts expect that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.
Balfour Beatty declared that its board has approved a share buyback plan on Wednesday, March 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
Balfour Beatty Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of GBX 8.70 ($0.11) per share. This is an increase from Balfour Beatty's previous dividend of $3.80. The ex-dividend date is Thursday, May 15th. This represents a dividend yield of 1.92%. Balfour Beatty's dividend payout ratio is 28.02%.
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 510 ($6.49) target price on shares of Balfour Beatty in a research note on Monday, March 17th.
Check Out Our Latest Report on Balfour Beatty
About Balfour Beatty
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Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we're leading the transformation of our industry to meet the challenges of the future.
Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.
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