Insider Selling: Bellway (LON:BWY) Insider Sells £136,584.44 in Stock

Bellway p.l.c. (LON:BWY) insider Jason Honeyman sold 6,158 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of GBX 2,218, for a total value of £136,584.44.

Jason Honeyman also recently made the following trade(s):

• On Friday, October 23rd, Jason Honeyman bought 5,658 shares of Bellway stock. The stock was bought at an average cost of GBX 2,164 per share, for a total transaction of £122,439.12.

Bellway Trading Down 5.7%

Shares of BWY opened at GBX 2,134 on Thursday. Bellway p.l.c. has a 1 year low of GBX 1,715 and a 1 year high of GBX 2,890. The stock has a market cap of £2.38 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37. The stock’s 50-day moving average price is GBX 2,098.19 and its two-hundred day moving average price is GBX 2,146.60.

Bellway (LON:BWY) last posted its earnings results on Tuesday, October 13th. The company reported GBX 187.80 earnings per share (EPS) for the quarter. Bellway had a return on equity of 5.49% and a net margin of 6.12%. As a group, equities analysts forecast that Bellway p.l.c. will post 159.07 EPS for the current year.

Bellway declared that its board has authorized a stock repurchase program on Tuesday, September 1st that permits the company to buy back outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Share buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently issued reports on BWY. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,917 price objective on shares of Bellway in a report on Wednesday, August 12th. Berenberg Bank cut their target price on shares of Bellway from GBX 2,550 to GBX 2,450 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,380 price target on shares of Bellway in a research report on Wednesday, October 14th. Finally, Citigroup upped their price objective on Bellway from GBX 2,300 to GBX 2,500 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,527.89.

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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.