Philip Harrison Sells 155,560 Shares of Balfour Beatty plc (LON:BBY) Stock

Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 155,560 shares of Balfour Beatty stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.64), for a total value of £675,130.40 ($876,678.87).

Balfour Beatty Price Performance

Balfour Beatty stock traded down GBX 3.80 ($0.05) during mid-day trading on Thursday, reaching GBX 434.40 ($5.64). 1,640,301 shares of the company were exchanged, compared to its average volume of 2,457,677. The firm has a market cap of £2.22 billion, a PE ratio of 10.14, a PEG ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84. The company has a fifty day simple moving average of GBX 454.69 and a 200-day simple moving average of GBX 446.23. Balfour Beatty plc has a 12 month low of GBX 341.20 ($4.43) and a 12 month high of GBX 476.40 ($6.19).

Balfour Beatty (LON:BBY) last issued its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, equities research analysts expect that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, May 15th will be paid a GBX 8.70 ($0.11) dividend. This is a positive change from Balfour Beatty’s previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 1.92%. Balfour Beatty’s dividend payout ratio (DPR) is presently 28.02%.

Balfour Beatty declared that its board has approved a share repurchase program on Wednesday, March 12th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 510 ($6.62) price objective 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.