Balfour Beatty (LON:BBY) Share Price Passes Above Two Hundred Day Moving Average of $378.39

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 378.39 ($4.98) and traded as high as GBX 415.20 ($5.46). Balfour Beatty shares last traded at GBX 413 ($5.43), with a volume of 500,617 shares.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 475 ($6.25) price target on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Price Performance

The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84. The firm has a market capitalization of £2.09 billion, a price-to-earnings ratio of 973.33, a PEG ratio of 3.75 and a beta of 0.81. The business’s fifty day simple moving average is GBX 406.20 and its 200 day simple moving average is GBX 378.95.

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 issued a dividend of GBX 3.80 ($0.05) per share. 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 is currently 2,857.14%.

Insiders Place Their Bets

In related news, insider Leo Quinn acquired 37,148 shares of the stock in a transaction on Friday, June 21st. The shares were acquired at an average price of GBX 349 ($4.59) per share, with a total value of £129,646.52 ($170,475.37). In other Balfour Beatty news, insider Philip Harrison sold 360,000 shares of Balfour Beatty stock in a transaction dated Monday, August 19th. The shares were sold at an average price of GBX 409 ($5.38), for a total value of £1,472,400 ($1,936,094.67). Also, insider Leo Quinn acquired 37,148 shares of the stock in a transaction on Friday, June 21st. The stock was bought at an average cost of GBX 349 ($4.59) per share, for a total transaction of £129,646.52 ($170,475.37). Insiders own 1.18% of the company’s stock.

About Balfour Beatty

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.