Robert MacLeod Buys 17,674 Shares of Balfour Beatty plc (LON:BBY) Stock

Balfour Beatty plc (LON:BBY) insider Robert MacLeod acquired 17,674 shares of Balfour Beatty stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of GBX 422 ($5.57) per share, with a total value of £74,584.28 ($98,526.13).

Balfour Beatty Stock Up 1.6 %

BBY stock opened at GBX 436.60 ($5.77) on Friday. Balfour Beatty plc has a twelve month low of GBX 291.60 ($3.85) and a twelve month high of GBX 439.80 ($5.81). 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 market cap of £2.23 billion, a PE ratio of 1,039.52, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business has a 50 day moving average of GBX 412.10 and a 200 day moving average of GBX 384.10.

Balfour Beatty Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be given 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 (DPR) is presently 2,857.14%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 475 ($6.27) price objective on shares of Balfour Beatty in a research 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.