Bellway (LON:BWY) Reaches New 52-Week Low – What’s Next?

Bellway p.l.c. (LON:BWY) reached a new 52-week low on Friday . The stock traded as low as GBX 2,356 ($29.16) and last traded at GBX 2,358 ($29.19), with a volume of 399457 shares trading hands. The stock had previously closed at GBX 2,430 ($30.08).

Wall Street Analyst Weigh In

BWY has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Bellway to an “overweight” rating in a report on Thursday, December 5th. Berenberg Bank lifted their price target on shares of Bellway from GBX 2,900 ($35.90) to GBX 3,200 ($39.61) and gave the company a “hold” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 3,204.20 ($39.66).

Bellway Stock Performance

The stock’s 50-day moving average price is GBX 2,564.57 and its 200-day moving average price is GBX 2,794.20. The company has a market cap of £2.79 billion, a P/E ratio of 1,306.67, a PEG ratio of 3.40 and a beta of 1.46. The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50.

Bellway Increases Dividend

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

Insider Buying and Selling

In other Bellway news, insider Keith Adey sold 27,303 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($40.31), for a total transaction of £889,258.71 ($1,100,703.94). Also, insider Simon Scougall purchased 515 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of GBX 2,528 ($31.29) per share, for a total transaction of £13,019.20 ($16,114.87). 3.73% of the stock is owned by corporate insiders.

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.