Bellway (LON:BWY) Insider Jason Honeyman Acquires 5,839 Shares

Bellway p.l.c. (LON:BWY) insider Jason Honeyman bought 5,839 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of GBX 2,636 per share, with a total value of £153,916.04.

Bellway Trading Up 1.2%

Shares of LON:BWY traded up GBX 32 during trading hours on Tuesday, hitting GBX 2,654. 280,771 shares of the company’s stock traded hands, compared to its average volume of 906,329. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50. The firm has a market capitalization of £3.15 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The business has a fifty day moving average price of GBX 2,455.76 and a 200-day moving average price of GBX 2,580.53. Bellway p.l.c. has a 1 year low of GBX 2,134 and a 1 year high of GBX 2,998.

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

Bellway announced that its board has approved a stock repurchase plan on Tuesday, October 14th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BWY shares. Berenberg Bank reissued a “hold” rating and set a GBX 2,900 target price on shares of Bellway in a report on Monday, September 8th. Citigroup increased their target price on Bellway from GBX 3,000 to GBX 3,090 and gave the company a “buy” rating in a report on Wednesday, October 15th. Royal Bank Of Canada increased their target price on Bellway from GBX 3,150 to GBX 3,300 and gave the company a “sector perform” rating in a report on Wednesday, October 15th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,489 target price on shares of Bellway in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Bellway in a research report on Friday, October 17th. Three equities 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, Bellway currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,194.75.

About Bellway

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.