Balfour Beatty plc (LON:BBY - Get Free Report) insider Philip Harrison sold 155,560 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.69), for a total transaction of £675,130.40 ($884,604.82).
Balfour Beatty Trading Down 0.9 %
Shares of LON:BBY opened at GBX 434.40 ($5.69) on Friday. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. Balfour Beatty plc has a 12-month low of GBX 341.20 ($4.47) and a 12-month high of GBX 476.40 ($6.24). The business has a 50 day moving average of GBX 454.32 and a two-hundred day moving average of GBX 446.36. The company has a market capitalization of £2.22 billion, a PE ratio of 10.14, a PEG ratio of 3.75 and a beta of 0.81.
Balfour Beatty (LON:BBY - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. As a group, analysts forecast that Balfour Beatty plc will post 43.3100698 EPS for the current year.
Balfour Beatty declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 12th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Balfour Beatty Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, May 15th will be given a GBX 8.70 ($0.11) dividend. The ex-dividend date is Thursday, May 15th. This is a boost from Balfour Beatty's previous dividend of $3.80. This represents a dividend yield of 1.92%. Balfour Beatty's payout ratio is 28.02%.
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 510 ($6.68) price target on shares of Balfour Beatty in a report on Monday, March 17th.
Get Our Latest Analysis on Balfour Beatty
Balfour Beatty Company Profile
(
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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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