Jason Honeyman Sells 19,752 Shares of Bellway (LON:BWY) Stock

Bellway p.l.c. (LON:BWY) insider Jason Honeyman sold 19,752 shares of the company’s stock in a transaction 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 acquired 5,839 shares of Bellway stock. The shares were purchased at an average cost of GBX 2,636 per share, with a total value of £153,916.04.

Bellway Stock Down 0.8%

LON:BWY traded down GBX 22 on Wednesday, hitting GBX 2,772. 324,288 shares of the company’s stock were exchanged, compared to its average volume of 891,717. The company has a market cap of £3.28 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway p.l.c. has a 52 week low of GBX 2,134 and a 52 week high of GBX 2,998. The firm has a 50-day moving average price of GBX 2,495.63 and a 200-day moving average price of GBX 2,586.74. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50.

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

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

Wall Street Analyst Weigh In

BWY has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,900 price target on shares of Bellway in a research report on Monday, September 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bellway in a research report on Friday, October 17th. Citigroup upped their price target on Bellway from GBX 3,000 to GBX 3,090 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,489 target price on shares of Bellway in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada boosted their price objective on Bellway from GBX 3,150 to GBX 3,300 and gave the company a “sector perform” rating in a research report on Wednesday, October 15th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Bellway currently has a consensus rating of “Moderate Buy” and a consensus price target 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.