Balfour Beatty plc (LON:BBY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 448.76 ($6.09) and traded as high as GBX 501.50 ($6.80). Balfour Beatty shares last traded at GBX 498.80 ($6.77), with a volume of 1,182,842 shares trading hands.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 510 ($6.92) target price on shares of Balfour Beatty in a research note on Monday, March 17th.
Check Out Our Latest Report on BBY
Balfour Beatty Stock Down 0.2%
The company has a market cap of £2.56 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84. The firm has a 50-day moving average price of GBX 451.72 and a 200 day moving average price of GBX 450.53.
Balfour Beatty (LON:BBY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 43.60 ($0.59) EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. Sell-side analysts predict that Balfour Beatty plc will post 43.3100698 EPS for the current year.
Balfour Beatty Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, May 15th will be given a dividend of GBX 8.70 ($0.12) per share. This represents a yield of 1.92%. This is a positive change from Balfour Beatty's previous dividend of $3.80. The ex-dividend date is Thursday, May 15th. Balfour Beatty's dividend payout ratio (DPR) is currently 28.02%.
Balfour Beatty announced that its board has initiated a share buyback plan on Wednesday, March 12th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Insiders Place Their Bets
In other Balfour Beatty news, insider Philip Harrison sold 155,560 shares of Balfour Beatty stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.89), for a total value of £675,130.40 ($916,052.10). Company insiders own 1.15% of the company's stock.
About Balfour Beatty
(
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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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