Bellway (LON:BWY) Reaches New 12-Month Low – Here’s Why

Bellway p.l.c. (LON:BWY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 2,246 ($27.76) and last traded at GBX 2,256 ($27.89), with a volume of 610941 shares. The stock had previously closed at GBX 2,314 ($28.60).

Wall Street Analysts Forecast Growth

BWY has been the topic of several research reports. Berenberg Bank raised their target price on Bellway from GBX 2,900 ($35.85) to GBX 3,200 ($39.56) and gave the company a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised shares of Bellway to an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 3,204.20 ($39.61).

Bellway Stock Down 3.5 %

The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78. The firm has a market capitalization of £2.58 billion, a PE ratio of 1,208.89, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The business has a 50-day moving average price of GBX 2,521.37 and a 200-day moving average price of GBX 2,792.58.

Bellway Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th were issued a GBX 38 ($0.47) dividend. This is a boost from Bellway’s previous dividend of $16.00. This represents a yield of 1.15%. The ex-dividend date was Thursday, November 28th. Bellway’s dividend payout ratio is presently 6,166.67%.

Insider Transactions at Bellway

In other Bellway news, insider Simon Scougall acquired 515 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average cost of GBX 2,528 ($31.25) per share, for a total transaction of £13,019.20 ($16,092.95). Also, insider Keith Adey sold 27,303 shares of Bellway stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($40.26), for a total value of £889,258.71 ($1,099,207.31). Insiders own 3.73% 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.