Balfour Beatty (LON:BBY) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Balfour Beatty plc (LON:BBY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 448.76 ($6.01) and traded as high as GBX 501.50 ($6.72). Balfour Beatty shares last traded at GBX 498.80 ($6.68), with a volume of 1,182,842 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 510 ($6.83) target price on shares of Balfour Beatty in a research note on Monday, March 17th.

Balfour Beatty Price Performance

The company has a market capitalization of £2.54 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a fifty day simple moving average of GBX 447.76 and a two-hundred day simple moving average of GBX 448.76. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99.

Balfour Beatty (LON:BBY - Get Free Report) last issued 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%. As a group, research analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, May 15th will be issued a dividend of GBX 8.70 ($0.12) per share. This is an increase from Balfour Beatty's previous dividend of $3.80. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, May 15th. Balfour Beatty's dividend payout ratio (DPR) is presently 28.02%.

Balfour Beatty declared that its board has approved a share repurchase program on Wednesday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Philip Harrison sold 155,560 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of GBX 434 ($5.81), for a total transaction of £675,130.40 ($904,152.14). 1.15% of the stock is currently owned by company insiders.

About Balfour Beatty

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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