Bellway p.l.c. (LON:BWY) Insider Simon Scougall Purchases 515 Shares

Bellway p.l.c. (LON:BWY - Get Free Report) insider Simon Scougall purchased 515 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of GBX 2,528 ($31.78) per share, for a total transaction of £13,019.20 ($16,366.06).

Bellway Price Performance

LON BWY traded up GBX 12 ($0.15) during mid-day trading on Wednesday, hitting GBX 2,534 ($31.85). The stock had a trading volume of 204,379 shares, compared to its average volume of 439,028. The firm's 50 day moving average is GBX 2,929.28 and its 200 day moving average is GBX 2,846.60. Bellway p.l.c. has a twelve month low of GBX 2,308 ($29.01) and a twelve month high of GBX 3,384 ($42.54). The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. The stock has a market capitalization of £3.01 billion, a price-to-earnings ratio of 1,410.00, a PEG ratio of 3.40 and a beta of 1.46.

Bellway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be paid a GBX 38 ($0.48) dividend. This is an increase from Bellway's previous dividend of $16.00. This represents a yield of 1.15%. The ex-dividend date is Thursday, November 28th. Bellway's dividend payout ratio is currently 6,166.67%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BWY. Citigroup reiterated a "buy" rating and set a GBX 3,368 ($42.34) target price on shares of Bellway in a research report on Thursday, August 15th. Berenberg Bank increased their target price on Bellway from GBX 2,900 ($36.46) to GBX 3,200 ($40.23) and gave the company a "hold" rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 3,204.20 ($40.28).

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.