Balfour Beatty (LON:BBY) Share Price Crosses Above 200-Day Moving Average of $381.75

Balfour Beatty plc (LON:BBY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 381.75 ($4.99) and traded as high as GBX 417 ($5.45). Balfour Beatty shares last traded at GBX 415.60 ($5.43), with a volume of 709,482 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 475 ($6.21) price target on shares of Balfour Beatty in a research note on Thursday, August 15th.

Balfour Beatty Stock Up 0.5 %

The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.17. The firm’s 50 day simple moving average is GBX 409.96 and its 200-day simple moving average is GBX 381.75. The stock has a market capitalization of £2.12 billion, a price-to-earnings ratio of 989.52, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty Cuts Dividend

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

Insider Buying and Selling at Balfour Beatty

In other news, insider Leo Quinn acquired 37,148 shares of the stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of GBX 349 ($4.56) per share, for a total transaction of £129,646.52 ($169,539.06). In related 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 ($5.35), for a total transaction of £1,472,400 ($1,925,460.97). Also, insider Leo Quinn acquired 37,148 shares of the business’s stock in a transaction on Friday, June 21st. The stock was acquired at an average cost of GBX 349 ($4.56) per share, with a total value of £129,646.52 ($169,539.06). Company insiders own 1.18% of the company’s stock.

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.