Bellway (LON:BWY) Reaches New 52-Week Low – Should You Sell?

Bellway p.l.c. (LON:BWY) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 2,404 ($30.56) and last traded at GBX 2,406 ($30.59), with a volume of 18725 shares. The stock had previously closed at GBX 2,450 ($31.15).

Wall Street Analysts Forecast Growth

BWY has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Bellway to an “overweight” rating in a research note on Thursday, December 5th. Berenberg Bank lifted their target price on shares of Bellway from GBX 2,900 ($36.87) to GBX 3,200 ($40.68) and gave the stock a “hold” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 3,204.20 ($40.73).

Bellway Stock Performance

The firm has a market cap of £2.89 billion, a PE ratio of 1,344.44, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The firm has a fifty day moving average price of GBX 2,753.18 and a 200 day moving average price of GBX 2,823.88. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78.

Bellway Increases Dividend

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

Insider Activity at Bellway

In other news, insider Keith Adey sold 27,303 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($41.41), for a total transaction of £889,258.71 ($1,130,509.42). Also, insider Simon Scougall acquired 515 shares of the stock in a transaction dated Tuesday, November 26th. The shares were bought at an average cost of GBX 2,528 ($32.14) per share, with a total value of £13,019.20 ($16,551.23). 3.73% of the stock is owned by insiders.

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.