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 stock was sold at an average price of GBX 434 ($5.60), for a total value of £675,130.40 ($870,574.34).

Balfour Beatty Trading Down 6.9 %

Shares of BBY opened at GBX 404.60 ($5.22) on Friday. Balfour Beatty plc has a 1-year low of GBX 341.20 ($4.40) and a 1-year high of GBX 476.40 ($6.14). The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The firm’s 50-day moving average price is GBX 453.58 and its 200-day moving average price is GBX 446.07. The firm has a market capitalization of £2.06 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 3.75 and a beta of 0.81.

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

Balfour Beatty declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 12th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Balfour Beatty Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Balfour Beatty Company Profile

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.