Robert MacLeod Purchases 17,674 Shares of Balfour Beatty plc (LON:BBY) Stock

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

Balfour Beatty Stock Down 2.4 %

Balfour Beatty stock traded down GBX 10.20 ($0.13) during midday trading on Wednesday, hitting GBX 415.80 ($5.49). 1,912,769 shares of the company were exchanged, compared to its average volume of 2,148,603. 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 company has a market cap of £2.12 billion, a PE ratio of 1,012.38, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. Balfour Beatty plc has a fifty-two week low of GBX 291.60 ($3.85) and a fifty-two week high of GBX 437.60 ($5.78). The company’s fifty day moving average price is GBX 411.09 and its 200-day moving average price is GBX 383.51.

Balfour Beatty Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, October 31st will be paid a GBX 3.80 ($0.05) dividend. 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 2,857.14%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 475 ($6.27) price target on shares of Balfour Beatty in a 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.