Balfour Beatty (LON:BBY) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 444.57 ($5.74) and traded as high as GBX 460 ($5.94). Balfour Beatty shares last traded at GBX 452.60 ($5.85), with a volume of 1,193,398 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 510 ($6.59) price target on shares of Balfour Beatty in a report on Monday, March 17th.

Balfour Beatty Stock Up 0.5 %

The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The firm has a 50-day moving average of GBX 453.72 and a two-hundred day moving average of GBX 444.57. The company has a market capitalization of £2.31 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY) last issued its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.56) EPS for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. Equities research analysts predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, May 15th will be issued a GBX 8.70 ($0.11) dividend. This is a boost from Balfour Beatty’s previous dividend of $3.80. The ex-dividend date is Thursday, May 15th. This represents a yield of 1.92%. Balfour Beatty’s payout ratio is 28.02%.

Balfour Beatty declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

About Balfour Beatty

Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.

Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.