Balfour Beatty (LON:BBY) Stock Passes Above 200-Day Moving Average of $340.50

Balfour Beatty plc (LON:BBY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 340.50 ($4.28) and traded as high as GBX 377.80 ($4.75). Balfour Beatty shares last traded at GBX 374.60 ($4.71), with a volume of 647,825 shares trading hands.

Balfour Beatty Price Performance

The stock has a fifty day moving average of GBX 365.30 and a 200-day moving average of GBX 340.50. The company has a quick ratio of 0.84, a current ratio of 1.01 and a debt-to-equity ratio of 81.21. The firm has a market capitalization of £2.00 billion, a P/E ratio of 1,070.29, a PEG ratio of 3.75 and a beta of 0.79.

Balfour Beatty Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Thursday, May 16th will be paid a GBX 8 ($0.10) dividend. This represents a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Balfour Beatty’s previous dividend of $3.50. Balfour Beatty’s dividend payout ratio (DPR) is 3,428.57%.

Insiders Place Their Bets

In related news, insider Philip Harrison sold 30,887 shares of the business’s stock in a transaction that occurred on Sunday, March 31st. The stock was sold at an average price of GBX 382 ($4.80), for a total value of £117,988.34 ($148,226.56). Corporate insiders own 1.29% 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.