Bellway (LON:BWY) Reaches New 52-Week Low – Should You Sell?

Bellway p.l.c. (LON:BWY) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 2,404 ($30.56) and last traded at GBX 2,406 ($30.59), with a volume of 18725 shares trading hands. The stock had previously closed at GBX 2,450 ($31.15).

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BWY. Berenberg Bank upped their price target on Bellway from GBX 2,900 ($36.87) to GBX 3,200 ($40.68) and gave the company a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised Bellway to an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Bellway currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($40.73).

Bellway Price Performance

The firm has a market capitalization of £2.89 billion, a price-to-earnings ratio of 1,344.44, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a fifty day moving average price of GBX 2,753.18 and a two-hundred day moving average price of GBX 2,823.88. The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78.

Bellway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be issued a GBX 38 ($0.48) dividend. This is an increase 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 presently 6,166.67%.

Insider Activity

In related news, insider Simon Scougall purchased 515 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of GBX 2,528 ($32.14) per share, for a total transaction of £13,019.20 ($16,551.23). Also, insider Keith Adey sold 27,303 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($41.41), for a total value of £889,258.71 ($1,130,509.42). Corporate insiders own 3.73% of the company’s stock.

Bellway Company Profile

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.