Bellway (LON:BWY) Insider Simon Scougall Acquires 3,141 Shares of Stock

Key Points

• Insider purchase: Bellway insider Simon Scougall bought 3,141 shares at GBX 2,164 each, for a total investment of approximately £67,971.
• Stock performance: Bellway shares recently traded at GBX 2,200, above their 50-day and 200-day moving averages, with a market capitalization of about £2.45 billion.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with six Buy ratings and three Holds, and an average price target of GBX 2,527.89.

Bellway p.l.c. (LON:BWY - Get Free Report) insider Simon Scougall purchased 3,141 shares of Bellway stock in a transaction on Friday, October 23rd. The stock was bought at an average cost of GBX 2,164 per share, with a total value of £67,971.24.

Bellway Price Performance

Shares of LON BWY traded up GBX 12 during trading hours on Monday, hitting GBX 2,200. 3,161,371 shares of the company's stock were exchanged, compared to its average volume of 3,926,299. The company's 50-day moving average price is GBX 2,092.51 and its 200-day moving average price is GBX 1,992.07. The stock has a market capitalization of £2.45 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 3.40 and a beta of 1.37. Bellway p.l.c. has a 1-year low of GBX 1,715 and a 1-year high of GBX 2,890.

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

Bellway announced that its Board of Directors has approved a stock repurchase plan on Tuesday, September 1st that allows the company to repurchase 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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