Balfour Beatty stock gains 1.07 percent as profit jumps
Published on 09/29/2026 at 07:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Balfour Beatty stock gained 1.07 percent to GBp 945.00 on the London Stock Exchange on September 28, 2026, at 4:37 p.m. London time. The move followed a first-half performance in which underlying profit from operations reached GBP 119 million, up from GBP 77 million a year earlier, according to Financial News in a report dated August 12, 2026.
Profit growth lifts guidance
The underlying result came on revenue of GBP 5.56 billion for the six months to June 26, 2026. Underlying earnings per share rose to GBp 21.70 from GBp 14.40, while management lifted its full-year profit growth outlook from high single-digit growth to low double-digit growth, Financial News reported.
The operational comparison was especially important in the United States. Balfour Beatty's US construction arm swung to a GBP 22 million profit from a GBP 11 million loss in the comparable first half, while Support Services profit increased to GBP 66 million from GBP 46 million, the same report said.
Order book supports the outlook
The group entered the second half with a GBP 22.9 billion order book. It also secured positions on National Grid and Scottish Power Energy Networks frameworks, giving the power-transmission business additional contracted work, according to Financial News.
Capital returns add another measurable support. The interim dividend increased 12 percent to GBp 4.70, while analysts cited a GBp 1,100.00 target, raised from GBp 990.00, in an update published September 23, 2026 by Simply Wall St. The target is GBp 155.00 above the September 28 price.
Buyback keeps running
Balfour Beatty also repurchased 357,673 shares between September 21 and September 25, 2026. The company said on September 28 that cumulative buyback purchases had reached 18,192,495 shares at a volume-weighted average price of GBp 818.46, according to Investegate.
Stock trades near yearly high
Balfour Beatty was trading at GBp 945.00 on the LSE on September 28, 2026, with a 52-week range of GBp 635.50 to GBp 973.00 and volume of 1,268,515 shares. The price was GBp 28.00 below the 52-week high, leaving execution in the US construction recovery and power-transmission pipeline as the central valuation test.
Company snapshot
- Company: Balfour Beatty plc
- Ticker: BBY.L
- Trading venue: London Stock Exchange
- Price (as of September 28, 2026, 4:37 p.m. London time): GBp 945.00
- 52-week range: GBp 635.50-973.00 (as of September 28, 2026)
- Trading volume: 1,268,515 shares (September 28, 2026)
- Sector / Industry: Industrials / Construction and Engineering
