Breedon Group (LON:BREE) Share Price Passes Above Two Hundred Day Moving Average of $383.97

Breedon Group plc (LON:BREE)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 383.97 ($4.91) and traded as high as GBX 401.50 ($5.13). Breedon Group shares last traded at GBX 401 ($5.12), with a volume of 972,291 shares trading hands.

Breedon Group Stock Up 0.5 %

The business’s 50 day moving average is GBX 398.37 and its 200-day moving average is GBX 384.17. The stock has a market cap of £1.37 billion, a price-to-earnings ratio of 1,282.26, a PEG ratio of 1.56 and a beta of 1.17. The company has a debt-to-equity ratio of 26.72, a quick ratio of 1.12 and a current ratio of 1.61.

Breedon Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be paid a GBX 4.50 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 1.1%. Breedon Group’s dividend payout ratio is currently 4,516.13%.

Insider Activity at Breedon Group

In related news, insider Amit Bhatia purchased 1,250,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of GBX 385 ($4.92) per share, with a total value of £4,812,500 ($6,150,159.74). 22.92% of the stock is owned by corporate insiders.

About Breedon Group

Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.