Bellway (LON:BWY) Share Price Crosses Above 200 Day Moving Average - Here's Why

Bellway p.l.c. (LON:BWY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,460.72 ($32.87) and traded as high as GBX 2,730 ($36.46). Bellway shares last traded at GBX 2,728 ($36.44), with a volume of 158,526 shares.

Bellway Stock Performance

The stock has a fifty day simple moving average of GBX 2,481.26 and a two-hundred day simple moving average of GBX 2,460.72. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26. The stock has a market cap of £3.20 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 3.40 and a beta of 1.46.

Bellway (LON:BWY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 90.30 ($1.21) earnings per share for the quarter. Bellway had a return on equity of 3.78% and a net margin of 5.48%. Analysts expect that Bellway p.l.c. will post 159.0741715 EPS for the current fiscal year.

Bellway Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Thursday, April 17th will be issued a GBX 95 ($1.27) dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 2.55%. This is a boost from Bellway's previous dividend of $38.00. Bellway's dividend payout ratio is 100.84%.

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.

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