Bellway (LON:BWY) Insider Sells £546,537.84 in Stock

Bellway p.l.c. (LON:BWY) insider Jason Honeyman sold 19,752 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of GBX 2,767, for a total value of £546,537.84.

Jason Honeyman also recently made the following trade(s):

• On Monday, November 3rd, Jason Honeyman bought 5,839 shares of Bellway stock. The stock was acquired at an average cost of GBX 2,636 per share, with a total value of £153,916.04.

Bellway Trading Down 1.5%

Shares of BWY opened at GBX 2,712 on Friday. The stock has a market capitalization of £3.21 billion, a PE ratio of 20.58, a P/E/G ratio of 3.40 and a beta of 1.46. The company’s fifty day moving average is GBX 2,522.63 and its 200 day moving average is GBX 2,589.92. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26. Bellway p.l.c. has a fifty-two week low of GBX 2,134 and a fifty-two week high of GBX 2,998.

Bellway (LON:BWY) last issued its quarterly earnings data on Tuesday, October 14th. The company reported GBX 176.70 EPS for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. Sell-side analysts expect that Bellway p.l.c. will post 159.0741715 earnings per share for the current fiscal year.

Bellway announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 14th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BWY. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Bellway in a research report on Friday, October 17th. Royal Bank Of Canada lifted their price objective on shares of Bellway from GBX 3,150 to GBX 3,300 and gave the stock a “sector perform” rating in a research note on Wednesday, October 15th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,489 target price on shares of Bellway in a research note on Wednesday, October 22nd. Citigroup raised their target price on shares of Bellway from GBX 3,000 to GBX 3,090 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 2,900 price target on shares of Bellway in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 3,194.75.

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.