Balfour Beatty (LON:BBY) Share Price Crosses Above 200 Day Moving Average of $355.60

Shares of Balfour Beatty plc (LON:BBY – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 355.60 ($4.42) and traded as high as GBX 378.60 ($4.71). Balfour Beatty shares last traded at GBX 377 ($4.69), with a volume of 1,100,987 shares traded.

Balfour Beatty Trading Down 0.5 %

The firm has a market cap of £2.12 billion, a P/E ratio of 810.43, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 53.43. The firm’s 50-day simple moving average is GBX 376.78 and its 200 day simple moving average is GBX 355.74.

Balfour Beatty Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, May 18th will be paid a GBX 7 ($0.09) dividend. This is an increase from Balfour Beatty’s previous dividend of $3.50. The ex-dividend date of this dividend is Thursday, May 18th. This represents a dividend yield of 2.06%. Balfour Beatty’s dividend payout ratio (DPR) is presently 2,173.91%.

Insider Activity at Balfour Beatty

In related news, insider Stuart John Doughty purchased 2,775 shares of the business’s stock in a transaction on Friday, April 14th. The stock was acquired at an average price of GBX 375 ($4.66) per share, with a total value of £10,406.25 ($12,943.10). In other Balfour Beatty news, insider Stuart John Doughty acquired 2,775 shares of the stock in a transaction dated Friday, April 14th. The stock was purchased at an average cost of GBX 375 ($4.66) per share, for a total transaction of £10,406.25 ($12,943.10). Also, insider Leo Quinn sold 74,401 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of GBX 373 ($4.64), for a total transaction of £277,515.73 ($345,168.82). 1.00% of the stock is owned by corporate insiders.

About Balfour Beatty

(Get Rating)

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 Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical, refurbishment, fit-out, and rail engineering services.