Philip Harrison Sells 155,560 Shares of Balfour Beatty plc (LON:BBY) Stock

Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 155,560 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.60), for a total value of £675,130.40 ($870,911.25).

Balfour Beatty Stock Performance

Shares of BBY opened at GBX 404.60 ($5.22) on Friday. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a 50-day moving average of GBX 453.58 and a two-hundred day moving average of GBX 446.07. The stock has a market cap of £2.06 billion, a P/E ratio of 9.45, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty plc has a one year low of GBX 341.20 ($4.40) and a one year high of GBX 476.40 ($6.15).

Balfour Beatty (LON:BBY) last issued its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.56) earnings per share for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. As a group, research analysts predict that Balfour Beatty plc will post 43.3100698 EPS for the current year.

Balfour Beatty declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 12th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Balfour Beatty Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, May 15th will be issued a dividend of GBX 8.70 ($0.11) per share. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, May 15th. This is a boost from Balfour Beatty’s previous dividend of $3.80. Balfour Beatty’s dividend payout ratio (DPR) is 28.02%.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 510 ($6.58) target price on shares of Balfour Beatty in a research note on Monday, March 17th.

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.