Bellway (LON:BWY) Share Price Crosses Above 200-Day Moving Average of $2,517.21

Shares of Bellway p.l.c. (LON:BWY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,517.21 ($31.34) and traded as high as GBX 2,524 ($31.42). Bellway shares last traded at GBX 2,440 ($30.37), with a volume of 100,976 shares.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded shares of Bellway to a “neutral” rating and boosted their price objective for the stock from GBX 2,170 ($27.01) to GBX 2,780 ($34.61) in a report on Friday, April 12th.

Bellway Trading Down 1.5 %

The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. The company has a market cap of £2.89 billion, a price-to-earnings ratio of 1,355.56, a PEG ratio of 56.92 and a beta of 1.43. The business’s 50-day simple moving average is GBX 2,680.61 and its 200-day simple moving average is GBX 2,517.21.

Bellway Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, May 23rd will be given a GBX 16 ($0.20) dividend. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, May 23rd. Bellway’s dividend payout ratio is presently 6,166.67%.

Insider Activity

In other news, insider Sarah Whitney acquired 1,131 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of GBX 2,638 ($32.84) per share, with a total value of £29,835.78 ($37,141.52). Company insiders own 0.76% of the company’s stock.

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.