Balfour Beatty (LON:BBY) Stock Passes Above 200-Day Moving Average of $335.48

Balfour Beatty plc (LON:BBY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 335.48 ($4.18) and traded as high as GBX 361.20 ($4.50). Balfour Beatty shares last traded at GBX 358.20 ($4.46), with a volume of 697,567 shares changing hands.

Balfour Beatty Trading Down 1.2 %

The company has a quick ratio of 0.84, a current ratio of 1.01 and a debt-to-equity ratio of 81.21. The company has a market capitalization of £1.89 billion, a P/E ratio of 852.86, a P/E/G ratio of 3.75 and a beta of 0.77. The firm’s 50-day moving average price is GBX 355.87 and its 200 day moving average price is GBX 335.48.

Balfour Beatty Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Thursday, May 16th will be issued a dividend of GBX 8 ($0.10) per share. This is a positive change from Balfour Beatty’s previous dividend of $3.50. This represents a yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 16th. Balfour Beatty’s payout ratio is currently 2,857.14%.

Insider Transactions at Balfour Beatty

In related news, insider Philip Harrison sold 30,887 shares of Balfour Beatty stock in a transaction that occurred on Sunday, March 31st. The stock was sold at an average price of GBX 382 ($4.76), for a total transaction of £117,988.34 ($146,879.55). Company insiders own 1.26% of the company’s stock.

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 Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical, refurbishment, fit-out, and rail engineering services for infrastructure and buildings markets.