Bellway p.l.c. (LON:BWY) Insider Keith Adey Sells 27,303 Shares

Bellway p.l.c. (LON:BWY) insider Keith Adey sold 27,303 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($42.53), for a total transaction of £889,258.71 ($1,161,215.34).

Bellway Price Performance

BWY opened at GBX 3,356 ($43.82) on Thursday. Bellway p.l.c. has a one year low of GBX 1,993 ($26.03) and a one year high of GBX 3,384 ($44.19). The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. The company’s 50 day simple moving average is GBX 3,061.58 and its 200-day simple moving average is GBX 2,794.54. The stock has a market capitalization of £3.98 billion, a P/E ratio of 1,850.00, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Bellway Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 38 ($0.50) per share. This is a boost from Bellway’s previous dividend of $16.00. This represents a dividend yield of 1.15%. The ex-dividend date is Thursday, November 28th. Bellway’s dividend payout ratio is 6,166.67%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BWY shares. Berenberg Bank upped their price objective on shares of Bellway from GBX 2,900 ($37.87) to GBX 3,200 ($41.79) and gave the stock a “hold” rating in a research note on Tuesday. Citigroup reaffirmed a “buy” rating and set a GBX 3,368 ($43.98) price objective on shares of Bellway in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bellway in a research note on Friday, July 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,204.20 ($41.84).

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.