Balfour Beatty (LON:BBY) Stock Passes Above 200-Day Moving Average of $335.48

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 335.48 ($4.18) and traded as high as GBX 361.20 ($4.50). Balfour Beatty shares last traded at GBX 358.20 ($4.46), with a volume of 697,567 shares changing hands.

Balfour Beatty Trading Down 1.2 %

The company has a debt-to-equity ratio of 81.21, a quick ratio of 0.84 and a current ratio of 1.01. The firm has a market capitalization of £1.89 billion, a PE ratio of 852.86, a P/E/G ratio of 3.75 and a beta of 0.77. The stock’s 50-day simple moving average is GBX 355.87 and its 200-day simple moving average is GBX 335.48.

Balfour Beatty Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Thursday, May 16th will be paid a dividend of GBX 8 ($0.10) per share. This is a positive change from Balfour Beatty’s previous dividend of $3.50. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 2.35%. Balfour Beatty’s payout ratio is presently 2,857.14%.

Insider Buying and Selling

In other Balfour Beatty news, insider Philip Harrison sold 30,887 shares of the firm’s stock in a transaction dated Sunday, March 31st. The shares were sold at an average price of GBX 382 ($4.76), for a total value of £117,988.34 ($146,879.55). 1.26% of the stock is owned by insiders.

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