Insider Selling: Bellway p.l.c. (BWY) Insider Sells £271,076.40 in Stock

Bellway p.l.c. (LON:BWY) insider Edward (Ted) Ayres sold 7,812 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of GBX 3,470 ($46.70), for a total value of £271,076.40 ($364,840.38).

Edward (Ted) Ayres also recently made the following trade(s):

  • On Friday, November 10th, Edward (Ted) Ayres sold 18,768 shares of Bellway stock. The shares were sold at an average price of GBX 3,429 ($46.15), for a total value of £643,554.72 ($866,157.09).

Shares of Bellway p.l.c. (BWY) opened at GBX 3,516.33 ($47.33) on Thursday. Bellway p.l.c. has a twelve month low of GBX 2,366 ($31.84) and a twelve month high of GBX 3,805 ($51.21).

The company also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 30th will be issued a GBX 84.50 ($1.14) dividend. The ex-dividend date is Thursday, November 30th. This represents a yield of 2.37%. This is a positive change from Bellway’s previous dividend of $37.50.

A number of research firms recently commented on BWY. Shore Capital reissued a “hold” rating on shares of Bellway in a research report on Tuesday, October 17th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 4,168 ($56.10) price target on shares of Bellway in a research report on Thursday, October 26th. Barclays reissued an “overweight” rating and issued a GBX 3,631 ($48.87) price target on shares of Bellway in a research report on Wednesday, September 27th. Bank of America reissued an “underperform” rating and issued a GBX 2,500 ($33.65) price target on shares of Bellway in a research report on Tuesday, September 12th. Finally, Citigroup reissued a “buy” rating on shares of Bellway in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Bellway has an average rating of “Buy” and an average price target of GBX 3,494.83 ($47.04).

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About Bellway

Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.

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