Bellway (LON:BWY) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Bellway p.l.c. (LON:BWY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,825.56 ($35.66) and traded as low as GBX 2,462 ($31.07). Bellway shares last traded at GBX 2,476 ($31.25), with a volume of 401,770 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BWY shares. Berenberg Bank upped their price target on Bellway from GBX 2,900 ($36.60) to GBX 3,200 ($40.39) and gave the company a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. upgraded shares of 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. Based on data from MarketBeat, Bellway currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($40.44).

Bellway Stock Performance

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’s 50 day moving average price is GBX 2,766.58 and its two-hundred day moving average price is GBX 2,823.58. The firm has a market capitalization of £2.91 billion, a price-to-earnings ratio of 1,361.11, a PEG ratio of 3.40 and a beta of 1.46.

Bellway Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be issued a GBX 38 ($0.48) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This is a boost from Bellway’s previous dividend of $16.00. This represents a yield of 1.15%. Bellway’s dividend payout ratio (DPR) is 6,166.67%.

Insider Activity

In other Bellway news, insider Simon Scougall bought 515 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of GBX 2,528 ($31.91) per share, for a total transaction of £13,019.20 ($16,432.16). Also, insider Keith Adey sold 27,303 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($41.11), for a total transaction of £889,258.71 ($1,122,376.26). 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.