Balfour Beatty plc (LON:BBY - Get Free Report) announced a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 15th will be paid a dividend of GBX 8.70 ($0.12) per share on Wednesday, July 2nd. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, May 15th. This is a 128.9% increase from Balfour Beatty's previous dividend of $3.80. The official announcement can be accessed at this link.
Balfour Beatty Price Performance
Shares of BBY stock traded down GBX 1.40 ($0.02) on Friday, reaching GBX 487.20 ($6.47). The company's stock had a trading volume of 801,936 shares, compared to its average volume of 2,929,340. The stock's fifty day simple moving average is GBX 445.89 and its 200-day simple moving average is GBX 448.02. Balfour Beatty has a 1 year low of GBX 341.20 ($4.53) and a 1 year high of GBX 502.50 ($6.68). The company has a market capitalization of £2.49 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85.
Balfour Beatty (LON:BBY - Get Free Report) last released its quarterly earnings data 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%. Analysts forecast that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Berenberg Bank restated a "buy" rating and set a GBX 510 ($6.77) price objective on shares of Balfour Beatty in a research report on Monday, March 17th.
Get Our Latest Report on Balfour Beatty
Balfour Beatty declared that its board has approved a stock buyback program on Wednesday, March 12th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Insiders Place Their Bets
In other news, insider Philip Harrison sold 155,560 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.77), for a total transaction of £675,130.40 ($896,825.72). 1.15% of the stock is owned by insiders.
Balfour Beatty Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Balfour Beatty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Balfour Beatty wasn't on the list.
While Balfour Beatty currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
