Balfour Beatty plc (LON:BBY) Announces Dividend Increase – GBX 8.70 Per Share

Balfour Beatty plc (LON:BBY) declared a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 15th will be paid a dividend of GBX 8.70 ($0.11) per share on Wednesday, July 2nd. This represents a yield of 1.92%. The ex-dividend date is Thursday, May 15th. This is a 128.9% increase from Balfour Beatty’s previous dividend of $3.80. The official announcement can be viewed at this link.

Balfour Beatty Trading Up 0.6%

LON BBY traded up GBX 2.80 ($0.04) on Tuesday, reaching GBX 483.40 ($6.37). The stock had a trading volume of 3,351,542 shares, compared to its average volume of 3,025,304. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The stock has a fifty day moving average price of GBX 441.77 and a two-hundred day moving average price of GBX 446.89. Balfour Beatty has a 12-month low of GBX 341.20 ($4.50) and a 12-month high of GBX 502.50 ($6.62). The firm has a market capitalization of £2.47 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY) last announced its earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) earnings per share for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. As a group, sell-side analysts forecast that Balfour Beatty will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty announced that its board has initiated a stock buyback program on Wednesday, March 12th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 510 ($6.72) target price on shares of Balfour Beatty in a report on Monday, March 17th.

Insider Transactions at Balfour Beatty

In related news, insider Philip Harrison sold 155,560 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.72), for a total value of £675,130.40 ($889,499.87). Insiders own 1.15% of the company’s stock.

About Balfour Beatty

Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.

Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.