Philip Hoare Sells 121,214 Shares of Balfour Beatty (LON:BBY) Stock

Key Points

• Insider sale: Philip Hoare sold 121,214 shares on April 8 at an average of GBX 799, totaling £968,499.86.
• Analyst sentiment & price: The stock recently traded at GBX 817.50; Berenberg raised its target to GBX 870 and the consensus analyst rating is "Buy" with an average target of GBX 792.50.
• Company fundamentals & buyback: Balfour Beatty has a market cap of £3.95 billion, a P/E of 15.72 and reported quarterly EPS of GBX 47.60, while its board approved a stock buyback program (the report notes an authorization showing 0 shares).

Balfour Beatty plc (LON:BBY - Get Free Report) insider Philip Hoare sold 121,214 shares of the firm's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £968,499.86.

Balfour Beatty Price Performance

BBY traded down GBX 6.50 on Friday, hitting GBX 817.50. 597,506 shares of the company's stock traded hands, compared to its average volume of 4,435,335. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. Balfour Beatty plc has a one year low of GBX 405.20 and a one year high of GBX 834.50. The company's 50 day simple moving average is GBX 755.93 and its 200-day simple moving average is GBX 710.18. The firm has a market cap of £3.95 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY - Get Free Report) last announced its earnings results on Wednesday, March 11th. The company reported GBX 47.60 EPS for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. As a group, research analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS for the current year.

Balfour Beatty declared that its board has approved a stock buyback program on Wednesday, March 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their target price on Balfour Beatty from GBX 800 to GBX 870 and gave the stock a "buy" rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 792.50.

Balfour Beatty Company Profile

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. Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.

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