Bellway p.l.c. (LON:BWY) Insider Sells £889,258.71 in Stock

Bellway p.l.c. (LON:BWY - Get Free Report) insider Keith Adey sold 27,303 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($42.53), for a total value of £889,258.71 ($1,161,215.34).

Bellway Price Performance

Bellway stock traded up GBX 50 ($0.65) during mid-day trading on Wednesday, hitting GBX 3,356 ($43.82). The stock had a trading volume of 521,921 shares, compared to its average volume of 439,719. Bellway p.l.c. has a one year low of GBX 1,993 ($26.03) and a one year high of GBX 3,384 ($44.19). The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78. The firm has a market capitalization of £3.98 billion, a P/E ratio of 1,850.00, a P/E/G ratio of 3.40 and a beta of 1.46. The firm's 50 day moving average is GBX 3,061.58 and its 200 day moving average is GBX 2,794.54.

Bellway Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be paid a GBX 38 ($0.50) dividend. This is a positive change from Bellway's previous dividend of $16.00. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 1.15%. Bellway's dividend payout ratio is 6,166.67%.

Analyst Ratings Changes

A number of research firms have commented on BWY. Berenberg Bank lifted their target price on shares of Bellway from GBX 2,900 ($37.87) to GBX 3,200 ($41.79) and gave the stock a "hold" rating in a research report on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 3,650 ($47.66) price objective on shares of Bellway in a research report on Tuesday, June 18th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Bellway in a research report on Friday, July 5th. Finally, Citigroup restated a "buy" rating and set a GBX 3,368 ($43.98) price target on shares of Bellway in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,204.20 ($41.84).

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.