Bellway (LON:BWY) Sets New 1-Year Low - What's Next?

Bellway p.l.c. (LON:BWY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 2,404 ($30.50) and last traded at GBX 2,406 ($30.53), with a volume of 18725 shares traded. The stock had previously closed at GBX 2,450 ($31.08).

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BWY. JPMorgan Chase & Co. upgraded Bellway to an "overweight" rating in a research report on Thursday, December 5th. Berenberg Bank boosted their price target on shares of Bellway from GBX 2,900 ($36.79) to GBX 3,200 ($40.60) and gave the stock a "hold" rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,204.20 ($40.65).

Bellway Stock Down 1.0 %

The company has a market capitalization of £2.88 billion, a price-to-earnings ratio of 1,336.67, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.50 and a current ratio of 5.78. The firm's 50-day simple moving average is GBX 2,766.58 and its 200-day simple moving average is GBX 2,825.73.

Bellway Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be issued a dividend of GBX 38 ($0.48) per share. This represents a dividend yield of 1.15%. The ex-dividend date is Thursday, November 28th. This is a boost from Bellway's previous dividend of $16.00. Bellway's dividend payout ratio is presently 6,166.67%.

Insider Buying and Selling at Bellway

In related news, insider Simon Scougall purchased 515 shares of Bellway stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of GBX 2,528 ($32.07) per share, for a total transaction of £13,019.20 ($16,517.64). Also, insider Keith Adey sold 27,303 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($41.32), for a total transaction of £889,258.71 ($1,128,214.55). Corporate insiders own 3.73% of the company's stock.

Bellway Company Profile

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.