Philip Harrison Sells 240,000 Shares of Balfour Beatty plc (LON:BBY) Stock

Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 240,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.78), for a total value of £1,036,800 ($1,386,837.88).

Philip Harrison also recently made the following trade(s):

• On Monday, August 19th, Philip Harrison sold 360,000 shares of Balfour Beatty stock. The shares were sold at an average price of GBX 409 ($5.47), for a total value of £1,472,400 ($1,969,502.41).

Balfour Beatty Price Performance

LON BBY opened at GBX 429 ($5.74) on Friday. Balfour Beatty plc has a 1-year low of GBX 291.60 ($3.90) and a 1-year high of GBX 445.60 ($5.96). The business’s fifty day moving average price is GBX 416.25 and its 200-day moving average price is GBX 389.95. The stock has a market capitalization of £2.19 billion, a price-to-earnings ratio of 1,021.43, a PEG ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84.

Balfour Beatty Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be issued a GBX 3.80 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 0.93%. Balfour Beatty’s dividend payout ratio is currently 2,857.14%.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 475 ($6.35) price target on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Company Profile

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.