Balfour Beatty plc (LON:BBY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 453.73 ($6.14) and traded as high as GBX 507.50 ($6.87). Balfour Beatty shares last traded at GBX 503 ($6.81), with a volume of 654,423 shares.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 510 ($6.90) price target on shares of Balfour Beatty in a report on Monday, March 17th.
Get Our Latest Stock Report on BBY
Balfour Beatty Price Performance
The firm has a 50 day moving average price of GBX 461.15 and a 200 day moving average price of GBX 454.90. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The stock has a market cap of £2.55 billion, a P/E ratio of 11.65, a P/E/G ratio of 3.75 and a beta of 0.81.
Balfour Beatty (LON:BBY - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.59) earnings per share for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, analysts forecast that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.
Balfour Beatty Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of GBX 8.70 ($0.12) per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Balfour Beatty's previous dividend of $3.80. This represents a yield of 1.92%. Balfour Beatty's payout ratio is 28.02%.
Balfour Beatty declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.
Insider Buying and Selling
In other Balfour Beatty news, insider Philip Harrison sold 155,560 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.87), for a total transaction of £675,130.40 ($913,820.25). 1.15% of the stock is owned by company insiders.
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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