Bellway (LON:BWY) Reaches New 12-Month Low – Here’s What Happened

Bellway p.l.c. (LON:BWY)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 2,356 ($29.27) and last traded at GBX 2,358 ($29.29), with a volume of 399457 shares changing hands. The stock had previously closed at GBX 2,430 ($30.19).

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Berenberg Bank increased their target price on shares of Bellway from GBX 2,900 ($36.02) to GBX 3,200 ($39.75) and gave the company a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised Bellway to an “overweight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Bellway has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,204.20 ($39.80).

Bellway Stock Performance

The stock has a market cap of £2.79 billion, a PE ratio of 1,306.67, a P/E/G ratio of 3.40 and a beta of 1.46. The firm’s 50-day moving average is GBX 2,550.61 and its 200 day moving average is GBX 2,793.88. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.50 and a current ratio of 5.78.

Bellway Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be issued a GBX 38 ($0.47) dividend. This represents a dividend yield of 1.15%. This is a boost from Bellway’s previous dividend of $16.00. The ex-dividend date of this dividend is Thursday, November 28th. Bellway’s dividend payout ratio is presently 6,166.67%.

Insider Transactions at Bellway

In other Bellway news, insider Keith Adey sold 27,303 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($40.46), for a total value of £889,258.71 ($1,104,669.20). Also, insider Simon Scougall bought 515 shares of Bellway stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average price of GBX 2,528 ($31.40) per share, with a total value of £13,019.20 ($16,172.92). Insiders own 3.73% of the company’s stock.

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.