Shares of Balfour Beatty plc (LON:BBY – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 395.75 ($5.14) and traded as high as GBX 455.60 ($5.92). Balfour Beatty shares last traded at GBX 449 ($5.83), with a volume of 742,616 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 475 ($6.17) target price on shares of Balfour Beatty in a research report on Thursday, August 15th.
Check Out Our Latest Stock Analysis on Balfour Beatty
Balfour Beatty Price Performance
Balfour Beatty Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be given a GBX 3.80 ($0.05) dividend. 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 (DPR) is presently 2,857.14%.
Insider Activity
In other Balfour Beatty news, insider Robert MacLeod bought 17,674 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of GBX 422 ($5.48) per share, with a total value of £74,584.28 ($96,837.55). In other news, insider Philip Harrison sold 240,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.61), for a total value of £1,036,800 ($1,346,143.86). Also, insider Robert MacLeod acquired 17,674 shares of Balfour Beatty stock in a transaction on Tuesday, September 17th. The stock was purchased at an average cost of GBX 422 ($5.48) per share, with a total value of £74,584.28 ($96,837.55). 1.15% of the stock is owned by company insiders.
Balfour Beatty Company Profile
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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