Insider Selling: Balfour Beatty plc (LON:BBY) Insider Sells 317,071 Shares of Stock

Balfour Beatty plc (LON:BBY) insider Leo Quinn sold 317,071 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.81), for a total transaction of £1,420,478.08 ($1,842,145.09).

Balfour Beatty Trading Down 0.4 %

Balfour Beatty stock opened at GBX 443 ($5.75) on Monday. Balfour Beatty plc has a 52 week low of GBX 304 ($3.94) and a 52 week high of GBX 458 ($5.94). The stock has a 50-day moving average price of GBX 430.27 and a 200 day moving average price of GBX 399.78. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17. The company has a market capitalization of £2.26 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 firm also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be issued a GBX 3.80 ($0.05) dividend. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 31st. Balfour Beatty’s dividend payout ratio (DPR) is currently 2,857.14%.

Wall Street Analyst Weigh In

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

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.