Balfour Beatty (LON:BBY) Insider Philip Harrison Sells 109,744 Shares

Key Points

• Insider sale: Philip Harrison sold 109,744 Balfour Beatty shares on April 8 at an average price of GBX 799, for a total of £876,854.56.
• The shares traded down 0.8% to GBX 817.50 on light volume; the company has a market cap of £3.95 billion, a PE of 15.72 and a 12‑month range of GBX 405.20–834.50.
• Berenberg raised its price target to GBX 870 and gave a "buy" rating (the consensus is "Buy" with a GBX 792.50 target), and the board reportedly authorized a stock buyback plan (the report notes "0" shares authorized).

Balfour Beatty plc (LON:BBY - Get Free Report) insider Philip Harrison sold 109,744 shares of the company's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £876,854.56.

Balfour Beatty Stock Down 0.8%

Shares of LON BBY traded down GBX 6.50 during trading on Friday, hitting GBX 817.50. The stock had a trading volume of 597,506 shares, compared to its average volume of 4,435,335. Balfour Beatty plc has a 12 month low of GBX 405.20 and a 12 month high of GBX 834.50. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The company has a market capitalization of £3.95 billion, a PE ratio of 15.72, a PEG ratio of 3.75 and a beta of 0.59. The firm has a fifty day moving average of GBX 755.93 and a two-hundred day moving average of GBX 710.18.

Balfour Beatty (LON:BBY - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported GBX 47.60 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. As a group, equities research analysts forecast that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty declared that its board has authorized a stock buyback plan on Wednesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price target on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the company a "buy" rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 792.50.

Balfour Beatty Company Profile

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. Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.

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