Balfour Beatty (LON:BBY) Hits New 52-Week High Following Insider Buying Activity

by · The Markets Daily

Balfour Beatty plc (LON:BBY – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday following insider buying activity. The company traded as high as GBX 439.80 ($5.81) and last traded at GBX 439.80 ($5.81), with a volume of 381073 shares. The stock had previously closed at GBX 429.60 ($5.68).

Specifically, insider Robert MacLeod acquired 17,674 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of GBX 422 ($5.57) per share, with a total value of £74,584.28 ($98,526.13).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 475 ($6.27) price target on shares of Balfour Beatty in a research report on Thursday, August 15th.

Check Out Our Latest Analysis on Balfour Beatty

Balfour Beatty Trading Down 1.0 %

The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99. The company’s 50 day moving average is GBX 412.64 and its 200 day moving average is GBX 384.71. The stock has a market capitalization of £2.20 billion, a price-to-earnings ratio of 1,029.52, a PEG ratio of 3.75 and a beta of 0.81.

Balfour Beatty Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be given a dividend of GBX 3.80 ($0.05) per share. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 31st. Balfour Beatty’s dividend payout ratio is currently 2,857.14%.

Balfour Beatty Company Profile

(Get Free Report)

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.

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