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

Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 240,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were 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 shares were sold at an average price of GBX 409 ($5.47), for a total value of £1,472,400 ($1,969,502.41).

Balfour Beatty Stock Performance

Shares of BBY stock opened at GBX 427.60 ($5.72) on Thursday. The business has a fifty day moving average of GBX 415.90 and a 200 day moving average of GBX 389.30. The firm has a market capitalization of £2.18 billion, a price-to-earnings ratio of 1,027.32, 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. Balfour Beatty plc has a 1 year low of GBX 291.60 ($3.90) and a 1 year high of GBX 445.60 ($5.96).

Balfour Beatty Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 6th. Investors 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 dividend yield of 0.93%. Balfour Beatty’s dividend payout ratio is presently 2,857.14%.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 475 ($6.35) price objective on shares of Balfour Beatty in a research note 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.