Bellway (LON:BWY) Reaches New 52-Week Low – Should You Sell?

Bellway p.l.c. (LON:BWY)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 2,246 ($27.76) and last traded at GBX 2,256 ($27.89), with a volume of 610941 shares changing hands. The stock had previously closed at GBX 2,314 ($28.60).

Analyst Ratings Changes

A number of analysts have issued reports on BWY shares. Berenberg Bank boosted their target price on Bellway from GBX 2,900 ($35.85) to GBX 3,200 ($39.56) 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 research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($39.61).

Bellway Trading Down 3.5 %

The company’s 50 day simple moving average is GBX 2,521.37 and its 200 day simple moving average is GBX 2,792.58. The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. The firm has a market cap of £2.58 billion, a price-to-earnings ratio of 1,208.89, a P/E/G ratio of 3.40 and a beta of 1.46.

Bellway Increases Dividend

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

Insiders Place Their Bets

In other Bellway news, insider Simon Scougall bought 515 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of GBX 2,528 ($31.25) per share, with a total value of £13,019.20 ($16,092.95). Also, insider Keith Adey sold 27,303 shares of Bellway stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($40.26), for a total value of £889,258.71 ($1,099,207.31). 3.73% of the stock is owned by company 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.