Balfour Beatty plc (LON:BBY) Insider Philip Harrison Sells 240,000 Shares

Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 240,000 shares of Balfour Beatty stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.78), for a total value of £1,036,800 ($1,386,837.88).

Philip Harrison also recently made the following trade(s):

• On Monday, August 19th, Philip Harrison sold 360,000 shares of Balfour Beatty stock. The stock was sold at an average price of GBX 409 ($5.47), for a total value of £1,472,400 ($1,969,502.41).

Balfour Beatty Trading Up 1.3 %

LON BBY opened at GBX 429 ($5.74) on Friday. Balfour Beatty plc has a 12 month low of GBX 291.60 ($3.90) and a 12 month high of GBX 445.60 ($5.96). The company has a market capitalization of £2.19 billion, a price-to-earnings ratio of 1,021.43, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. 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’s fifty day moving average price is GBX 416.25 and its 200 day moving average price is GBX 390.07.

Balfour Beatty Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be given a dividend of GBX 3.80 ($0.05) per share. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, October 31st. Balfour Beatty’s dividend payout ratio (DPR) is currently 2,857.14%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 475 ($6.35) price target on shares of Balfour Beatty in a report on Thursday, August 15th.

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.