Insider Selling: Balfour Beatty plc (LON:BBY) Insider Sells 155,560 Shares of Stock

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

Balfour Beatty Trading Down 6.9 %

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

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

Balfour Beatty announced that its board has authorized a stock repurchase plan on Wednesday, March 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Balfour Beatty Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 2nd. Stockholders 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 positive change from Balfour Beatty’s previous dividend of $3.80. Balfour Beatty’s payout ratio is currently 28.02%.

Analysts Set New Price Targets

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

About Balfour Beatty

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.