Bellway (LON:BWY) Insider Buys £122,439.12 in Stock

Key Points

• Bellway insider Jason Honeyman bought 5,658 shares at GBX 2,164 each, worth £122,439.12, but subsequently sold 6,158 shares at GBX 2,218 for £136,584.44.
• Bellway shares rose 0.5% to GBX 2,200, giving the company a market capitalization of approximately £2.45 billion.
• Analysts maintain a broadly positive outlook, with six Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of GBX 2,527.89.

Bellway p.l.c. (LON:BWY - Get Free Report) insider Jason Honeyman acquired 5,658 shares of the business's stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average cost of GBX 2,164 per share, for a total transaction of £122,439.12.

Jason Honeyman also recently made the following trade(s):

• On Monday, October 26th, Jason Honeyman sold 6,158 shares of Bellway stock. The shares were sold at an average price of GBX 2,218, for a total transaction of £136,584.44.

Bellway Stock Up 0.5%

LON BWY traded up GBX 12 on Monday, reaching GBX 2,200. The company had a trading volume of 3,161,371 shares, compared to its average volume of 3,926,299. The stock has a market capitalization of £2.45 billion, a P/E ratio of 16.72, a P/E/G ratio of 3.40 and a beta of 1.37. Bellway p.l.c. has a 52-week low of GBX 1,715 and a 52-week high of GBX 2,890. The company's fifty day moving average is GBX 2,092.51 and its 200 day moving average is GBX 1,992.07.

Bellway (LON:BWY - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported GBX 187.80 earnings per share for the quarter. Bellway had a net margin of 6.12% and a return on equity of 5.49%. On average, research analysts expect that Bellway p.l.c. will post 159.07 EPS for the current year.

Bellway declared that its Board of Directors has initiated a stock repurchase program on Tuesday, September 1st that permits the company to buy back 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

BWY has been the topic of a number of research reports. Citigroup lifted their price target on shares of Bellway from GBX 2,300 to GBX 2,500 and gave the company a "buy" rating in a report on Wednesday, August 12th. Berenberg Bank reduced their target price on Bellway from GBX 2,550 to GBX 2,450 and set a "buy" rating on the stock in a research report on Wednesday, October 14th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,380 price target on shares of Bellway in a research report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,917 price target on shares of Bellway in a research note on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,527.89.

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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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