Insider Selling: Balfour Beatty plc (LON:BBY) Insider Sells £1,420,478.08 in Stock

Balfour Beatty plc (LON:BBY) insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.83), for a total transaction of £1,420,478.08 ($1,849,099.30).

Balfour Beatty Stock Up 0.6 %

BBY stock opened at GBX 437.60 ($5.70) on Thursday. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84. The firm has a market capitalization of £2.23 billion, a PE ratio of 1,041.90, a P/E/G ratio of 3.75 and a beta of 0.81. The company’s 50 day simple moving average is GBX 431.69 and its 200-day simple moving average is GBX 401.15. Balfour Beatty plc has a 12 month low of GBX 305.40 ($3.98) and a 12 month high of GBX 458 ($5.96).

Balfour Beatty Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 475 ($6.18) target price on shares of Balfour Beatty in a report on Thursday, August 15th.

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 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.