Bellway (LON:BWY) Hits New 1-Year Low – Here’s Why

Shares of Bellway p.l.c. (LON:BWY) hit a new 52-week low during trading on Monday . The company traded as low as GBX 2,154 ($27.52) and last traded at GBX 2,172 ($27.75), with a volume of 544149 shares trading hands. The stock had previously closed at GBX 2,268.45 ($28.99).

Bellway Stock Performance

The stock has a market cap of £2.61 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 3.40 and a beta of 1.46. The company’s fifty day simple moving average is GBX 2,374.92 and its two-hundred day simple moving average is GBX 2,570.69. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50.

Bellway (LON:BWY) last posted its earnings results on Tuesday, March 25th. The company reported GBX 90.30 ($1.15) earnings per share for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. On average, analysts forecast that Bellway p.l.c. will post 159.0741715 earnings per share for the current year.

Bellway Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, May 22nd will be given a dividend of GBX 95 ($1.21) per share. This is a boost from Bellway’s previous dividend of $38.00. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 2.55%. Bellway’s payout ratio is presently 100.84%.

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.