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

Shares of Bellway p.l.c. (LON:BWY) reached a new 52-week low during mid-day 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 trading hands. The stock had previously closed at GBX 2,314 ($28.25).

Analyst Ratings Changes

BWY has been the topic of several recent research reports. JPMorgan Chase & Co. raised Bellway to an “overweight” rating in a research report on Thursday, December 5th. Berenberg Bank upped 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,204.20 ($39.12).

Bellway Stock Performance

The company has a market capitalization of £2.60 billion, a price-to-earnings ratio of 1,217.78, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78. The stock has a 50-day simple moving average of GBX 2,494.02 and a 200-day simple moving average of GBX 2,785.03.

Bellway Increases Dividend

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

Insider Transactions at Bellway

In other news, insider Simon Scougall purchased 515 shares of the stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of GBX 2,528 ($30.87) per share, for a total transaction of £13,019.20 ($15,896.46). Also, insider Keith Adey sold 27,303 shares of the company’s 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). 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.