Balfour Beatty plc (LON:BBY) Insider Acquires £74,584.28 in Stock

Balfour Beatty plc (LON:BBY) insider Robert MacLeod acquired 17,674 shares of Balfour Beatty stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average cost of GBX 422 ($5.57) per share, for a total transaction of £74,584.28 ($98,526.13).

Balfour Beatty Stock Performance

LON BBY opened at GBX 432.40 ($5.71) on Friday. The firm has a market capitalization of £2.20 billion, a P/E ratio of 1,029.52, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty plc has a 1-year low of GBX 291.60 ($3.85) and a 1-year high of GBX 439.80 ($5.81). The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84. The business’s 50-day simple moving average is GBX 412.64 and its 200-day simple moving average is GBX 384.71.

Balfour Beatty Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be issued a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 0.93%. Balfour Beatty’s payout ratio is currently 2,857.14%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 475 ($6.27) price objective on shares of Balfour Beatty in a research note on Thursday, August 15th.

Balfour Beatty Company Profile

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.