Keith Adey Sells 27,303 Shares of Bellway p.l.c. (LON:BWY) Stock

Bellway p.l.c. (LON:BWY) insider Keith Adey sold 27,303 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($42.53), for a total transaction of £889,258.71 ($1,161,215.34).

Bellway Price Performance

LON BWY traded up GBX 24 ($0.31) on Wednesday, reaching GBX 3,330 ($43.48). The company had a trading volume of 566,981 shares, compared to its average volume of 439,719. The firm’s 50 day moving average price is GBX 3,050.16 and its 200 day moving average price is GBX 2,790.42. Bellway p.l.c. has a 12 month low of GBX 1,993 ($26.03) and a 12 month high of GBX 3,384 ($44.19). The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78. The stock has a market capitalization of £3.95 billion, a PE ratio of 1,850.00, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Bellway Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be paid a dividend of GBX 38 ($0.50) per share. The ex-dividend date of this dividend is Thursday, November 28th. This is a boost from Bellway’s previous dividend of $16.00. This represents a dividend yield of 1.15%. Bellway’s payout ratio is currently 6,166.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BWY shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Bellway in a research note on Friday, July 5th. Citigroup reaffirmed a “buy” rating and set a GBX 3,368 ($43.98) target price on shares of Bellway in a research note on Thursday, August 15th. Berenberg Bank raised their target price on shares of Bellway from GBX 2,900 ($37.87) to GBX 3,200 ($41.79) and gave the company a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 3,650 ($47.66) target price on shares of Bellway in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,204.20 ($41.84).

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.