Balfour Beatty (LON:BBY) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Balfour Beatty plc (LON:BBY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 398.70 ($5.17) and traded as high as GBX 448.20 ($5.81). Balfour Beatty shares last traded at GBX 444.80 ($5.77), with a volume of 1,318,383 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 475 ($6.16) price target on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Trading Down 0.8 %

The business’s 50 day moving average price is GBX 430.27 and its two-hundred day moving average price is GBX 399.21. The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99. The company has a market capitalization of £2.25 billion, a price-to-earnings ratio of 1,050.48, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty Cuts Dividend

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

Insider Activity

In related news, insider Robert MacLeod purchased 17,674 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of GBX 422 ($5.47) per share, with a total value of £74,584.28 ($96,724.52). In related news, insider Robert MacLeod purchased 17,674 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average price of GBX 422 ($5.47) per share, with a total value of £74,584.28 ($96,724.52). Also, insider Philip Harrison sold 240,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.60), for a total value of £1,036,800 ($1,344,572.69). Insiders own 1.15% of the company’s stock.

About Balfour Beatty

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.