Bellway (LON:BWY) Sets New 52-Week Low – What’s Next?

Bellway p.l.c. (LON:BWY) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 2,246 ($27.42) and last traded at GBX 2,256 ($27.55), with a volume of 610941 shares traded. The stock had previously closed at GBX 2,314 ($28.25).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Bellway to an “overweight” rating in a research note on Thursday, December 5th. Berenberg Bank boosted their target price on shares of Bellway from GBX 2,900 ($35.41) to GBX 3,200 ($39.07) and gave the company a “hold” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($39.12).

Bellway Stock Down 3.0 %

The firm’s fifty day moving average is GBX 2,494.02 and its two-hundred day moving average is GBX 2,785.03. The firm has a market cap of £2.60 billion, a price-to-earnings ratio of 1,217.78, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50.

Bellway Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th were paid a GBX 38 ($0.46) dividend. This is a positive change from Bellway’s previous dividend of $16.00. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, November 28th. Bellway’s dividend payout ratio is currently 6,166.67%.

Insider Activity at Bellway

In other news, insider Keith Adey sold 27,303 shares of Bellway stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($39.77), for a total value of £889,258.71 ($1,085,785.97). Also, insider Simon Scougall bought 515 shares of Bellway stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average price of GBX 2,528 ($30.87) per share, with a total value of £13,019.20 ($15,896.46). Company 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.