Bellway (LON:BWY) Sets New 1-Year Low – Here’s What Happened

Shares of Bellway p.l.c. (LON:BWY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 2,356 ($29.16) and last traded at GBX 2,358 ($29.19), with a volume of 399457 shares trading hands. The stock had previously closed at GBX 2,430 ($30.08).

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BWY shares. Berenberg Bank increased their target price on shares of Bellway from GBX 2,900 ($35.90) to GBX 3,200 ($39.61) and gave the company a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised Bellway to an “overweight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,204.20 ($39.66).

Bellway Price Performance

The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. The stock has a 50 day simple moving average of GBX 2,564.57 and a two-hundred day simple moving average of GBX 2,794.20. The company has a market cap of £2.79 billion, a price-to-earnings ratio of 1,306.67, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Bellway Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be issued a dividend of GBX 38 ($0.47) per share. This represents a yield of 1.15%. This is a boost from Bellway’s previous dividend of $16.00. The ex-dividend date of this dividend is Thursday, November 28th. Bellway’s dividend payout ratio (DPR) is 6,166.67%.

Insider Activity

In related news, insider Simon Scougall bought 515 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of GBX 2,528 ($31.29) per share, with a total value of £13,019.20 ($16,114.87). Also, insider Keith Adey sold 27,303 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($40.31), for a total value of £889,258.71 ($1,100,703.94). Corporate insiders own 3.73% of the company’s stock.

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.