Leo Quinn Sells 317,071 Shares of Balfour Beatty plc (LON:BBY) Stock

Balfour Beatty plc (LON:BBY) insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction dated 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 Trading Up 0.6 %

Balfour Beatty stock opened at GBX 437.60 ($5.70) on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17. The firm has a 50-day moving average price of GBX 431.69 and a two-hundred day moving average price of GBX 401.15. The firm has a market capitalization of £2.23 billion, a price-to-earnings ratio of 1,041.90, a PEG ratio of 3.75 and a beta of 0.81. Balfour Beatty plc has a 52-week low of GBX 305.40 ($3.98) and a 52-week 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. Stockholders of record on Thursday, October 31st will be paid a GBX 3.80 ($0.05) dividend. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, October 31st. Balfour Beatty’s dividend payout ratio is currently 2,857.14%.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 475 ($6.18) price objective on shares of Balfour Beatty in a research 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.