Balfour Beatty (LON:BBY) insider Philip Harrison sold 11,802 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of GBX 284 ($3.99), for a total value of £33,517.68 ($47,048.96).
Balfour Beatty stock traded down GBX 1.20 ($0.02) during mid-day trading on Friday, reaching GBX 269.40 ($3.78). 1,290,918 shares of the company were exchanged, compared to its average volume of 2,420,000. Balfour Beatty has a 12 month low of GBX 252.50 ($3.54) and a 12 month high of GBX 311.70 ($4.38).
Balfour Beatty (LON:BBY) last posted its quarterly earnings data on Wednesday, March 14th. The company reported GBX 20.90 ($0.29) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 18.80 ($0.26) by GBX 2.10 ($0.03). Balfour Beatty had a return on equity of 3.68% and a net margin of 0.40%. The firm had revenue of GBX 691.60 billion for the quarter.
The business also recently disclosed a dividend, which will be paid on Friday, July 6th. Shareholders of record on Thursday, April 19th will be paid a dividend of GBX 2.40 ($0.03) per share. This represents a yield of 0.83%. The ex-dividend date of this dividend is Thursday, April 19th. This is a positive change from Balfour Beatty’s previous dividend of $1.20.
A number of analysts have recently issued reports on the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 350 ($4.91) price objective on shares of Balfour Beatty in a research report on Wednesday, March 14th. Peel Hunt reiterated a “buy” rating and set a GBX 350 ($4.91) target price on shares of Balfour Beatty in a research note on Wednesday, March 14th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 350 ($4.91) target price on shares of Balfour Beatty in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 337.17 ($4.73).
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Balfour Beatty Company Profile
Balfour Beatty plc finances, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment offers building, civil and ground engineering, mechanical and electrical services, rail engineering, and refurbishment and fit-out services.
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