Insider Selling: Balfour Beatty plc (LON:BBY) Insider Sells £675,130.40 in Stock

Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 155,560 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of GBX 434 ($5.60), for a total value of £675,130.40 ($870,574.34).

Balfour Beatty Price Performance

Shares of LON:BBY opened at GBX 404.60 ($5.22) on Friday. The company’s fifty day moving average is GBX 453.58 and its 200 day moving average is GBX 446.07. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. Balfour Beatty plc has a 52 week low of GBX 341.20 ($4.40) and a 52 week high of GBX 476.40 ($6.14). The stock has a market cap of £2.06 billion, a PE ratio of 9.45, a PEG ratio of 3.75 and a beta of 0.81.

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 return on equity of 19.46% and a net margin of 2.85%. Research analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Balfour Beatty Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, May 15th will be given a GBX 8.70 ($0.11) dividend. The ex-dividend date is Thursday, May 15th. This represents a yield of 1.92%. This is an increase from Balfour Beatty’s previous dividend of $3.80. Balfour Beatty’s payout ratio is presently 28.02%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed 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.

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.