Bellway p.l.c. (LON:BWY – Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,517.21 ($31.34) and traded as high as GBX 2,524 ($31.42). Bellway shares last traded at GBX 2,440 ($30.37), with a volume of 100,976 shares changing hands.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. lowered shares of Bellway to a “neutral” rating and boosted their price objective for the company from GBX 2,170 ($27.01) to GBX 2,780 ($34.61) in a report on Friday, April 12th.
View Our Latest Stock Analysis on Bellway
Bellway Stock Performance
Bellway Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, May 23rd will be issued a GBX 16 ($0.20) dividend. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 23rd. Bellway’s payout ratio is 6,166.67%.
Insiders Place Their Bets
In other news, insider Sarah Whitney acquired 1,131 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of GBX 2,638 ($32.84) per share, for a total transaction of £29,835.78 ($37,141.52). Insiders own 0.76% 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.
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