Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average of $337.58

Posted by Defense World Staff on Apr 27th, 2024

Balfour Beatty plc (LON:BBY – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 337.58 ($4.17) and traded as high as GBX 366.40 ($4.53). Balfour Beatty shares last traded at GBX 361.20 ($4.46), with a volume of 923,954 shares.

Balfour Beatty Trading Down 0.1 %

The stock has a market capitalization of £1.93 billion, a P/E ratio of 860.00, a price-to-earnings-growth ratio of 3.75 and a beta of 0.77. The company has a current ratio of 1.01, a quick ratio of 0.84 and a debt-to-equity ratio of 81.21. The stock’s fifty day moving average price is GBX 360.64 and its two-hundred day moving average price is GBX 337.58.

Balfour Beatty Increases Dividend

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

Insider Buying and Selling

In related news, insider Philip Harrison sold 131,295 shares of Balfour Beatty stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of GBX 372 ($4.59), for a total value of £488,417.40 ($603,282.36). 1.26% of the stock is owned by insiders.

Balfour Beatty Company Profile

(Get Free Report)

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.