Balfour Beatty plc (LON:BBY - Get Free Report) announced a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Investors of record on Thursday, May 15th will be given 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 seen at this link.
Balfour Beatty Price Performance
Shares of LON BBY traded down GBX 1.40 ($0.02) during trading hours on Friday, hitting GBX 487.20 ($6.47). 801,936 shares of the stock were exchanged, compared to its average volume of 2,929,340. The company has a market cap of £2.49 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. 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's fifty day simple moving average is GBX 444.72 and its two-hundred day simple moving average is GBX 447.73. Balfour Beatty has a 1-year low of GBX 341.20 ($4.53) and a 1-year high of GBX 502.50 ($6.68).
Balfour Beatty (LON:BBY - Get Free Report) last issued 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%. On average, sell-side analysts predict that Balfour Beatty will post 43.3100698 EPS for the current year.
Balfour Beatty declared that its Board of Directors has approved a stock buyback plan 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. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 510 ($6.77) price objective on shares of Balfour Beatty in a research note on Monday, March 17th.
Check Out Our Latest Report on Balfour Beatty
Insider Activity at Balfour Beatty
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 ($896,825.72). 1.15% of the stock is owned by insiders.
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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