Balfour Beatty (LON:BBY) Shares Cross Above 200 Day Moving Average - What's Next?

Balfour Beatty plc (LON:BBY - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 445.05 ($5.91) and traded as high as GBX 452.20 ($6.00). Balfour Beatty shares last traded at GBX 451 ($5.99), with a volume of 988,479 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 510 ($6.77) price objective on shares of Balfour Beatty in a research report on Monday, March 17th.

Balfour Beatty Price Performance

The firm has a fifty day moving average of GBX 439.55 and a 200 day moving average of GBX 445.69. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The company has a market capitalization of £2.40 billion, a P/E ratio of 11.00, a P/E/G ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.58) EPS for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. On average, equities research analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS for the current year.

Balfour Beatty Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of GBX 8.70 ($0.12) per share. The ex-dividend date 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 currently 28.02%.

Balfour Beatty announced that its Board of Directors has approved a stock buyback program on Wednesday, March 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Balfour Beatty

In related news, insider Philip Harrison sold 155,560 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of GBX 434 ($5.76), for a total transaction of £675,130.40 ($896,111.49). 1.15% of the stock is owned by company insiders.

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.