Shares of Balfour Beatty plc (LON:BBY - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 445.98 ($5.93) and traded as high as GBX 476.40 ($6.33). Balfour Beatty shares last traded at GBX 473 ($6.28), with a volume of 786,959 shares trading hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 510 ($6.78) target price on shares of Balfour Beatty in a research note on Monday, March 17th.
Get Our Latest Stock Report on Balfour Beatty
Balfour Beatty Price Performance
The company has a fifty day simple moving average of GBX 440.92 and a two-hundred day simple moving average of GBX 446.67. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The company has a market capitalization of £2.46 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 3.75 and a beta of 0.81.
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) earnings per share for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. 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 company also recently announced a dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, May 15th will be given a GBX 8.70 ($0.12) dividend. This is a positive change 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 28.02%.
Balfour Beatty declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.
Insider Buying and Selling
In related news, insider Philip Harrison sold 155,560 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.77), for a total value of £675,130.40 ($897,064.04). Corporate 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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