Bellway (LON:BWY) Sets New 52-Week Low - Here's Why

Bellway p.l.c. (LON:BWY - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 2,154 ($28.19) and last traded at GBX 2,172 ($28.43), with a volume of 544149 shares trading hands. The stock had previously closed at GBX 2,268.45 ($29.69).

Bellway Trading Down 0.5 %

The business has a 50 day simple moving average of GBX 2,345.72 and a 200 day simple moving average of GBX 2,549.74. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50. The company has a market cap of £2.70 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Bellway (LON:BWY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 90.30 ($1.18) earnings per share (EPS) for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. As a group, equities analysts forecast that Bellway p.l.c. will post 159.0741715 EPS for the current year.

Bellway Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 95 ($1.24) per share. This is a boost from Bellway's previous dividend of $38.00. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 17th. Bellway's dividend payout ratio is 100.84%.

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.