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Bellway (GB:BWY)
LSE:BWY

Bellway (BWY) AI Stock Analysis

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GB:BWY

Bellway

(LSE:BWY)

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Neutral 65 (OpenAI - 5.2)
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Neutral 65 (OpenAI - 5.2)
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Neutral 65 (OpenAI - 5.2)
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Neutral 65 (OpenAI - 5.2)
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Neutral 65 (OpenAI - 5.2)
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Neutral 65 (OpenAI - 5.2)
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Neutral 65 (OpenAI - 5.2)
Rating:65Neutral
Price Target:
2,455.00 p
â–²(7.49% Upside)
Action:ReiteratedDate:12/11/25
Bellway's overall stock score is driven by its strong financial performance and positive earnings call, indicating robust growth and strategic capital allocation. However, technical indicators suggest short-term bearish momentum, and valuation metrics imply potential overvaluation. The company's ability to address cash flow challenges and navigate slower trading conditions will be crucial for future performance.
Positive Factors
Volume and Profit Growth
Sustained volume expansion and a material rise in operating profit indicate scalable operations and improved fixed-cost absorption. Higher throughput supports overhead recovery and margin resilience, strengthening cash generation capacity and underpinning medium-term earnings stability.
Prudent Balance Sheet / Low Leverage
A low leverage profile and strong equity ratio provide financial flexibility to fund land acquisition, withstand housing cycles and sustain dividends or buybacks. This capital strength reduces refinancing risk and supports longer-term strategic choices without undue balance sheet strain.
Share Buyback & Capital Allocation
A sizable buyback and a formal capital allocation framework signal management confidence in durable cash generation and disciplined capital deployment. This structural policy prioritizes returning excess capital while driving ROCE improvements and aligning management incentives with shareholder value.
Negative Factors
Weakened Free Cash Flow
Declines in free cash flow constrain the firm's ability to fund land buys, absorb cost inflation, or maintain buybacks without tapping reserves. Persistent weaker FCF reduces optionality on balance-sheet deployment and increases sensitivity to adverse housing-market shocks over coming quarters.
Build Safety Provision Increase
Material uplift in build-safety provisions reflects legacy remediation costs and creates an ongoing cash and margin headwind. These liabilities can divert capital from growth initiatives, raise execution risk on existing sites, and pressure margins until remediation and claims are resolved.
Cost Inflation & Regional Pricing Pressure
Persistent input-cost inflation and embedded WIP inflation, combined with weaker Southeast/Southwest demand needing incentives, compresses gross margins. If structural, these pressures will erode returns per unit and require sustained pricing or efficiency gains to protect long-term profitability.

Bellway (BWY) vs. iShares MSCI United Kingdom ETF (EWC)

Bellway Business Overview & Revenue Model

Company DescriptionBellway 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 and Ashberry brands. The company was incorporated in 1978 and is headquartered in Newcastle upon Tyne, the United Kingdom.
How the Company Makes MoneyBellway makes money mainly by developing and selling new-build residential properties. Its core revenue stream is the sale of completed homes to private buyers (including first-time buyers and owner-occupiers) and, where applicable, to other customer groups such as investors or housing providers. The company’s earnings are driven by (1) the number of legal completions (units sold), (2) the average selling price achieved per home, and (3) the gross margin between the sales price and the costs of land acquisition, planning, construction, labor, materials, and site-related infrastructure. Bellway’s operating model typically involves maintaining a pipeline of land and development sites, progressing them through planning and build phases, and releasing homes for sale in stages to match local demand and manage pricing and build-out rates. Profitability is influenced by land buying discipline, build cost inflation, availability and pricing of subcontractors and materials, and the UK housing market (including mortgage availability, consumer confidence, and interest rates). If applicable on a transaction basis, the company may also generate ancillary income connected to home sales (e.g., options, upgrades, or other customer extras), but specific materiality is null.

Bellway Earnings Call Summary

Earnings Call Date:Oct 14, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Mar 24, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a robust performance with significant volume and profit growth, supported by strategic capital allocation and shareholder returns. However, challenges remain due to slower trading conditions and ongoing cost pressures.
Q4-2025 Updates
Positive Updates
Volume Growth and Operating Profit Increase
Volume increased by 14% to 8,749 homes, and operating profit rose to GBP 303 million, indicating strong performance.
Private Output Growth
Private output grew by 20.3% to 6,924 homes, supporting overall volume growth.
Increase in Average Selling Price
The average selling price (ASP) increased by 2.8% to GBP 316,000, aligning with expectations.
Share Buyback Announcement
A GBP 150 million share buyback was announced, reflecting confidence in cash generation and shareholder returns.
Capital Allocation Framework
Introduction of a new capital allocation framework focused on driving asset efficiency and shareholder value.
Improvement in Overhead Recovery
Increased volume output and revenue led to a 50 basis point improvement in overhead recovery.
Strong Order Book
The order book consists of 5,300 homes valued at GBP 1.5 billion, with 65% forward sold for FY '26.
Negative Updates
Slower Trading Environment
Trading since April was slower, with sales rates between 0.5 and 0.6 per outlet, reflecting softer market conditions.
Social Output Decline
Social output decreased by 3.7% to 1,825 homes as the proportion of social completions reduced.
Build Safety Provision Increase
A net increase of GBP 37.4 million in the build safety provision due to higher legacy building works.
Cost Inflation as Margin Headwind
Ongoing low single-digit spot cost inflation and embedded cost inflation in work-in-progress (WIP) are headwinds to margin.
Challenges in Southeast and Southwest Markets
Pricing pressure and incentives are needed in slower Southeast and Southwest markets.
Company Guidance
During the call, Bellway provided guidance on several key metrics for the fiscal year 2026. The company targets a volume of around 9,200 homes, with 20% being social housing. The average selling price (ASP) is expected to be approximately GBP 320,000, driven mainly by mix changes. Operating margin is anticipated to be stable at around 11%, similar to FY '25. The company plans to maintain its dividend cover at 2.5x and has announced a GBP 150 million share buyback program, indicating strong cash generation. Additionally, Bellway is focused on improving its return on capital employed by enhancing capital efficiency and intends to increase the proportion of homes constructed using timber frames to about 30% by FY 2030. The balance sheet remains robust, with net cash at GBP 42 million and low gearing, including land creditors, at 8.3%.

Bellway Financial Statement Overview

Summary
Bellway shows a solid financial position with strong revenue growth and stable profitability. The balance sheet is robust with low leverage, but cash flow management needs attention due to recent declines in free cash flow.
Income Statement
75
Positive
Bellway has demonstrated a strong revenue growth rate of 9.71% in the latest year, recovering from previous declines. The gross profit margin and net profit margin have shown resilience, although they are slightly below industry averages. The EBIT and EBITDA margins indicate stable operational efficiency.
Balance Sheet
70
Positive
The company's debt-to-equity ratio is low, reflecting prudent financial management and low leverage risk. Return on equity is moderate, suggesting reasonable profitability. The equity ratio indicates a strong capital structure with a high proportion of equity financing.
Cash Flow
60
Neutral
The cash flow situation is mixed, with a significant decline in free cash flow growth. However, the operating cash flow to net income ratio is positive, indicating that the company generates sufficient cash from operations to cover its net income.
BreakdownJul 2025Jul 2024Jul 2023Jul 2022Jul 2021
Income Statement
Total Revenue2.78B2.38B3.41B3.54B3.12B
Gross Profit456.80M367.00M687.30M787.00M651.90M
EBITDA251.40M225.10M510.20M314.70M486.80M
Net Income157.50M130.50M365.00M242.60M390.70M
Balance Sheet
Total Assets5.19B5.00B5.11B4.99B4.68B
Cash, Cash Equivalents and Short-Term Investments171.80M119.50M362.00M375.30M460.30M
Total Debt487.70M130.00M513.80M540.60M603.00M
Total Liabilities1.64B1.53B1.65B1.62B1.39B
Stockholders Equity3.56B3.47B3.46B3.37B3.29B
Cash Flow
Free Cash Flow134.10M-66.90M243.40M60.70M429.60M
Operating Cash Flow146.00M-65.50M246.10M61.20M432.90M
Investing Cash Flow-19.70M-8.00M-18.20M19.10M5.20M
Financing Cash Flow-74.00M-169.00M-241.20M-165.30M-29.20M

Bellway Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2284.00
Price Trends
50DMA
2682.56
Negative
100DMA
2676.44
Negative
200DMA
2586.49
Negative
Market Momentum
MACD
-119.20
Positive
RSI
27.02
Positive
STOCH
12.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BWY, the sentiment is Negative. The current price of 2284 is below the 20-day moving average (MA) of 2620.20, below the 50-day MA of 2682.56, and below the 200-day MA of 2586.49, indicating a bearish trend. The MACD of -119.20 indicates Positive momentum. The RSI at 27.02 is Positive, neither overbought nor oversold. The STOCH value of 12.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BWY.

Bellway Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
£3.46B5.4810.20%6.38%-6.44%-0.03%
67
Neutral
£4.02B13.202.73%4.73%33.83%15.11%
65
Neutral
£2.61B12.934.45%2.62%16.91%20.93%
63
Neutral
£3.36B37.901.97%8.95%4.21%-65.57%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
58
Neutral
£3.82B15.227.33%4.54%16.74%-0.16%
54
Neutral
£1.24B15.19-0.31%―-0.57%-104.08%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BWY
Bellway
2,240.00
-32.68
-1.44%
GB:BTRW
Barratt Redrow
285.10
-124.25
-30.35%
GB:BKG
The Berkeley Group Holdings
3,678.00
38.00
1.04%
GB:VTY
Vistry Group
389.10
-226.90
-36.83%
GB:PSN
Persimmon
1,192.50
57.25
5.04%
GB:TW
Taylor Wimpey
94.84
-8.93
-8.60%

Bellway Corporate Events

Stock Buyback
Bellway Continues Share Buyback, Further Shrinks Share Base
Positive
Mar 16, 2026

Bellway p.l.c. has continued its ongoing share buyback programme, repurchasing 21,900 ordinary shares on 13 March 2026 at a volume-weighted average price of 2,279.83 pence, with all of the shares to be cancelled. Since launching the programme in October 2025, the company has bought back a total of 2,371,157 shares for cancellation, reducing its share count to 116,896,605 and modestly enhancing earnings per share and capital returns for remaining investors.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2375.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Further Reducing Share Count
Positive
Mar 13, 2026

Bellway has continued to execute its share buyback programme, repurchasing 21,350 ordinary shares on 12 March 2026 via Citigroup Global Markets at a volume-weighted average price of 2,338.78p. The acquired shares will be cancelled, contributing to a reduction in the company’s equity base and potentially enhancing earnings per share for remaining investors.

Since launching the programme in October 2025, Bellway has bought back 2,349,257 shares for cancellation, leaving 116,918,505 ordinary shares in issue after settlement. The ongoing buyback underlines management’s capital-return strategy and signals confidence in the group’s financial position despite a challenging backdrop for the UK housing market.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2444.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Continues Buyback, Cancels Further Shares to Tighten Equity Base
Positive
Mar 12, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 21,100 ordinary shares on 11 March 2026 through Citigroup Global Markets at a volume-weighted average price of 2,358.80 pence. The company will cancel these shares, reducing the number of shares in issue to 116,939,855 and bringing total purchases under the programme to 2,327,907 shares, a move that tightens the share base and may enhance earnings per share and capital returns for investors.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2479.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels New Tranche of Shares as Buyback Programme Passes 2.3 Million Mark
Positive
Mar 11, 2026

Bellway p.l.c. has continued to execute its previously announced share buyback programme, purchasing 21,100 ordinary shares on 10 March 2026 via Citigroup Global Markets at a volume-weighted average price of 2,371.46 pence. The repurchased shares will be cancelled, bringing total shares bought back since October 2025 to more than 2.3 million and reducing the company’s shares in issue to 116,960,955, a move that tightens the share base and may enhance earnings per share for investors.

The latest tranche of buybacks underlines Bellway’s ongoing capital management strategy at a time when UK housebuilders are under scrutiny over returns to shareholders. By shrinking its equity base through cancellations rather than holding shares in treasury, the group signals confidence in its balance sheet and cash generation, potentially supporting valuation metrics and reinforcing its positioning among income- and value-focused investors in the sector.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2444.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares as Buyback Shrinks Equity Base
Positive
Mar 10, 2026

Bellway has continued executing its previously announced share buyback programme, repurchasing 21,750 ordinary shares on 9 March 2026 via Citigroup Global Markets at a volume-weighted average price of 2,287.17 pence. The shares will be cancelled, bringing total repurchases since October 2025 to 2,285,707 shares and reducing the company’s shares in issue to 116,970,322, a move that tightens the equity base and may enhance earnings per share for remaining investors.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2390.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels Further Shares as Buyback Programme Shrinks Capital Base
Positive
Mar 10, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 21,750 ordinary shares on 9 March 2026 via Citigroup Global Markets at a volume-weighted average price of 2,287.17 pence. The shares will be cancelled, contributing to a reduction in the company’s share capital, which has seen 2,285,707 shares bought back for cancellation since October 2025, leaving 116,970,322 shares in issue and modestly enhancing earnings and net asset value per share for remaining investors.

The latest tranche of buybacks underlines Bellway’s ongoing capital return strategy and confidence in its balance sheet, at a time when U.K. housebuilders are navigating a shifting interest rate and housing demand environment. By shrinking the free float, the group is signalling support for the share price and a disciplined approach to capital allocation, which may bolster shareholder returns and improve capital efficiency relative to peers.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2390.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels Further Shares as Buyback Cuts Equity Base
Positive
Mar 9, 2026

Bellway has continued its ongoing share buyback programme, repurchasing 20,750 ordinary shares on 6 March 2026 via Citigroup Global Markets at a volume-weighted average price of 2,406.85 pence. The shares will be cancelled, contributing to a cumulative 2,263,957 shares bought back since the programme began and reducing the company’s share count to 116,992,072, which should enhance earnings per share and signal confidence in its balance sheet.

The latest transaction underlines Bellway’s use of capital returns to support shareholder value at a time when U.K. housebuilders are managing cyclical pressures in the housing market. By shrinking its equity base through cancellations rather than holding shares in treasury, the group is reinforcing a strategy focused on disciplined capital allocation and potentially improving per-share metrics for existing investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Further Reducing Share Count
Positive
Mar 6, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 20,000 ordinary shares on 5 March 2026 at a volume-weighted average price of 2,470.07 pence, with all shares bought for cancellation. The latest transactions, carried out via Citigroup Global Markets on the London Stock Exchange, bring total buybacks since October 2025 to 2,243,207 shares and reduce the group’s share count to 117,012,822, marginally enhancing earnings per share and signaling ongoing capital return to investors.

The cancellation of these shares reflects Bellway’s effort to optimise its capital structure at a time of continued focus on shareholder value. By shrinking its equity base while maintaining operational scale in UK housebuilding, the company reinforces its financial discipline and potentially supports valuation metrics, which may be viewed positively by existing shareholders amid a challenging housing market backdrop.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Advances Buyback as Share Count Falls to 117 Million
Positive
Mar 5, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 19,750 ordinary shares on 4 March 2026 at a volume-weighted average price of 2,505.05 pence. The latest batch of shares, bought via Citigroup Global Markets on the London Stock Exchange, will be cancelled as part of the capital management initiative.

Since launching the programme in October 2025, Bellway has acquired 2,223,207 shares for cancellation, reducing its total shares in issue to 117,032,822. The ongoing buybacks tighten the company’s equity base and may enhance earnings per share, underlining a continued focus on returning excess capital and signalling confidence in the group’s financial position.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares as Buyback Programme Progresses
Positive
Mar 4, 2026

Bellway has continued its ongoing share buyback programme, repurchasing 19,000 ordinary shares on 3 March 2026 at a volume-weighted average price of 2,593.65 pence, with the shares to be cancelled. Since the programme began in October 2025, the group has bought back and cancelled 2,203,457 shares, reducing the total shares in issue to 117,052,572 and modestly enhancing earnings per share and capital return for remaining investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cuts Share Count Further
Positive
Mar 3, 2026

Bellway has continued its ongoing share buyback programme, repurchasing 18,370 ordinary shares on 2 March 2026 via Citigroup Global Markets at a volume-weighted average price of 2,719.29 pence. The shares bought back will be cancelled, reflecting the group’s capital management strategy and potentially enhancing earnings per share.

Since launching the buyback in October 2025, Bellway has acquired 2,184,457 shares for cancellation, reducing its total shares in issue to 117,062,161. The continued execution of the programme underscores management’s confidence in the business and returns additional capital to shareholders while shrinking the equity base.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Regulatory Filings and Compliance
Bellway Updates Share Capital and Voting Rights Position
Neutral
Mar 2, 2026

Bellway has reported its updated share capital and voting rights position, stating that as of 27 February 2026 it had 117,080,531 ordinary shares in issue and holds no shares in treasury. This disclosure clarifies the company’s capital structure and provides investors with an accurate base for calculating major shareholdings under regulatory rules.

The company also confirmed that its Employee Benefit Trust holds 415,104 ordinary shares, for which it has waived voting and dividend rights, resulting in 116,665,427 total voting rights. The update refines the effective free-float voting base, giving shareholders and market participants better transparency over corporate control and governance dynamics at Bellway.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cuts Share Count Further with Ongoing Buyback
Positive
Mar 2, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 17,888 ordinary shares on 27 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,795.63 pence. The shares acquired in this latest tranche will be cancelled, reducing the company’s share count and potentially enhancing earnings per share for remaining investors.

Since launching the buyback in October 2025, Bellway has repurchased a total of 2,166,087 shares for cancellation, bringing the number of ordinary shares in issue down to 117,080,531. The ongoing reduction in share capital underlines the group’s continued capital return to shareholders and signals confidence in its balance sheet strength and long-term prospects within the UK housing market.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cuts Share Count to 117.1 Million
Positive
Feb 27, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 17,750 ordinary shares on 26 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,817.39 pence. The company plans to cancel these shares, reinforcing a capital-return strategy that can enhance earnings per share and signals management’s confidence in the group’s financial position.

Since launching the programme in October 2025, Bellway has bought back a total of 2,148,199 shares for cancellation, reducing its ordinary shares in issue to 117,098,419. This ongoing reduction in share count may support the share price, concentrate ownership for existing investors and underscores the group’s active balance-sheet management within the UK housebuilding sector.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Extends Share Buyback, Cancels Further Shares
Positive
Feb 26, 2026

Bellway has continued its share buyback programme, repurchasing 17,750 ordinary shares on 25 February 2026 at prices between 2,814p and 2,850p, with a volume-weighted average price of 2,837.06p. The company said the shares bought through Citigroup Global Markets will be cancelled, reducing its share count and potentially enhancing earnings per share.

Since the launch of the buyback in October 2025, Bellway has acquired a total of 2,130,449 shares for cancellation, leaving 117,116,169 ordinary shares in issue. The latest tranche underlines the group’s ongoing capital return to shareholders and tighter share capital structure amid continued focus on shareholder value.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Buyback Drive With Further Share Purchases for Cancellation
Positive
Feb 25, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 17,750 ordinary shares on 24 February 2026 at a volume-weighted average price of 2,818.38 pence. The company said all of the purchased shares will be cancelled, reducing the number of shares in issue and potentially enhancing earnings per share.

Since the launch of the buyback in October 2025, Bellway has acquired a total of 2,112,699 shares for cancellation, leaving 117,133,919 ordinary shares in issue. The ongoing capital return underscores management’s commitment to shareholder returns and reflects confidence in the group’s balance sheet and long‑term prospects, in line with wider sector trends of using buybacks to optimise capital structure.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Reducing Share Count Further
Positive
Feb 24, 2026

Bellway has continued its ongoing share buyback programme, repurchasing 17,496 ordinary shares on 23 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,834.95 pence. The company plans to cancel these shares, reflecting a capital return strategy that reduces its share count and can enhance earnings per share.

Since the programme began in October 2025, Bellway has bought back 2,094,949 shares for cancellation, cutting its total shares in issue to 117,132,131. The sustained pace of repurchases underlines management’s confidence in the balance sheet and cash generation, and signals a continued focus on shareholder returns alongside its core UK housebuilding operations.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £33.90 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Continues Share Buyback, Cuts Shares in Issue to 117.1 Million
Positive
Feb 23, 2026

Bellway has repurchased 18,000 ordinary shares on 20 February 2026 under its previously announced share buyback programme, at a volume-weighted average price of 2,839.53 pence per share, with all the shares to be cancelled. This latest transaction brings the total number of shares bought back for cancellation since the programme began in October 2025 to 2,077,453, reducing the group’s shares in issue to 117,149,627 and incrementally enhancing earnings and ownership percentage for remaining shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3463.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cuts Share Count to 117.2 Million
Positive
Feb 20, 2026

Bellway has repurchased 17,000 ordinary shares on 19 February 2026 under its ongoing share buyback programme, paying a volume-weighted average price of 2,828.85p per share through Citigroup Global Markets. The shares bought will be cancelled, supporting earnings per share by reducing the equity base.

Since the buyback’s launch in October 2025, Bellway has acquired 2,059,453 shares for cancellation, cutting its share count to 117,167,627. The sustained programme underlines management’s capital-return strategy and signals confidence in the company’s balance sheet and long-term cash-generation prospects for shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3463.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cuts Share Count Further with Ongoing Buyback
Positive
Feb 19, 2026

Bellway has continued its ongoing share buyback programme by repurchasing 17,481 ordinary shares on 18 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,863.63 pence. The company will cancel these shares, reinforcing its capital return strategy and slightly enhancing earnings per share for remaining investors.

Since launching the buyback in October 2025, Bellway has acquired 2,042,453 shares for cancellation, reducing its share count to 117,184,627. The move underscores management’s confidence in the group’s valuation and balance-sheet strength, and signals a continued focus on shareholder returns in a challenging UK housing market.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3463.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels More Shares as Buyback Programme Passes 2 Million Mark
Positive
Feb 18, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 36,000 ordinary shares on 17 February 2026 at a volume-weighted average price of 2,853.75 pence, with all shares bought for cancellation. This latest transaction brings total repurchases since the programme began in October 2025 to 2,024,972 shares, reducing the company’s shares in issue to 117,202,108 and modestly enhancing earnings per share and capital return for investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3463.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Bellway Continues Buyback, Cuts Share Count Below 118 Million
Positive
Feb 17, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 36,000 ordinary shares on 16 February 2026 at a volume-weighted average price of 2,830.64 pence, with the shares to be cancelled. Including this latest tranche, the company has bought back 1,988,972 shares for cancellation since October 2025, reducing its share count to 117,214,291 and effectively increasing earnings per share and capital returns for remaining investors, underscoring management’s confidence in the group’s financial position and long-term prospects.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3463.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Regulatory Filings and Compliance
Bellway Reports Routine Share Transfer by Executive’s Associate
Neutral
Feb 16, 2026

Bellway disclosed a routine share dealing by a person closely associated with its Chief Commercial Officer, in line with EU Market Abuse Regulation reporting rules. The transaction involved moving existing Bellway ordinary shares held by Joanne Scougall into an ISA wrapper via a sale from a personal account and a corresponding purchase in the tax-efficient account.

The shift saw 716 shares sold from a non-ISA account on 13 February and 698 shares repurchased into an ISA on 16 February, both executed on the London Stock Exchange. The notification underscores transparency around dealings by senior management and their associates, but does not signal any change in Bellway’s strategy or operational outlook for shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3463.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cuts Share Count Below 118 Million
Positive
Feb 16, 2026

Bellway has bought back 16,253 ordinary shares on 13 February 2026 under its ongoing share repurchase programme, paying a volume‑weighted average price of 2,797.2 pence per share. The company will cancel these shares, continuing a capital return strategy that typically supports earnings per share and signals confidence in its balance sheet.

Since launching the buyback in October 2025, Bellway has repurchased 1,952,972 shares for cancellation, reducing its share count to 117,250,291. The shrinking equity base can enhance per‑share metrics for investors and underscores the group’s focus on shareholder returns alongside its core UK housebuilding operations.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3100.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cuts Share Count Further With Ongoing Buyback
Positive
Feb 13, 2026

Bellway has continued to execute its share buyback programme, repurchasing 4,340 ordinary shares on 12 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,758.12 pence. The company intends to cancel these shares, further reducing its share count as part of an ongoing capital return strategy.

Since launching the programme in October 2025, Bellway has bought back 1,936,719 shares for cancellation, leaving 117,266,544 ordinary shares in issue after settlement. The shrinking equity base can enhance earnings per share and signals management’s confidence in the group’s financial position, with implications for existing shareholders’ ownership stakes and future capital allocation.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3100.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Further Trimming Share Count
Positive
Feb 12, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,500 ordinary shares on 11 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,652.89 pence. The shares will be cancelled, bringing total shares bought back for cancellation since the programme began to 1,932,379 and reducing the company’s shares in issue to 117,270,884, which incrementally enhances earnings per share and signals ongoing capital-return discipline to shareholders.

The buyback-driven reduction in Bellway’s share count underscores management’s confidence in the group’s financial position amid a still-challenging U.K. housing market. For investors, the latest tranche reinforces Bellway’s strategy of supplementing dividends with buybacks as a mechanism to return excess capital and potentially support the share price over time.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3100.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels More Shares as Buyback Shrinks Equity Base
Positive
Feb 11, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 22,000 ordinary shares on 10 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,629.04 pence. The shares will be cancelled, bringing total repurchases since October 2025 to 1,909,879 shares and reducing the company’s shares in issue to 117,293,384, a move that tightens the equity base and may enhance earnings per share for remaining investors.

The continued buyback activity underlines Bellway’s ongoing capital-return strategy and signals management’s confidence in the group’s financial position and long-term prospects. By shrinking its share count in a cyclical sector such as UK housebuilding, the company is reinforcing shareholder value priorities at a time when capital allocation discipline and balance sheet strength remain key considerations for investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buybacks, Further Reduces Share Capital
Positive
Feb 10, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 9 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,542.99 pence. The company will cancel these shares, bringing total repurchases under the programme to 1,887,879 shares and reducing the number of shares in issue to 117,231,691, a move that tightens the share capital base and may enhance earnings per share for remaining investors.

By shrinking its equity base through ongoing buybacks and cancellations, Bellway is signalling confidence in its balance sheet and long-term prospects while returning capital to shareholders in lieu of alternative uses. The sustained pace of repurchases since October 2025 underscores management’s commitment to capital discipline, which could support the share price and reinforce the group’s positioning in the U.K. housing sector as it navigates market conditions and investor expectations.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Bellway Posts Robust First Half as Completions Rise and Balance Sheet Stays Strong
Positive
Feb 10, 2026

Bellway reported a resilient first-half performance to 31 January 2026, with housing completions rising 2.7% to 4,702 units and average selling prices increasing to about £322,000, lifting housing revenue above £1.5 billion. Despite softer autumn demand and a slightly lower forward order book by value, private reservation rates excluding bulk sales edged higher, and the group plans to open more outlets while keeping incentives stable.

The group maintained a disciplined land strategy, contracting 4,721 plots and strengthening its strategic land bank, including a major Dunfermline site to underpin Scottish growth. Bellway’s balance sheet remains strong with modest net debt and low adjusted gearing, allowing it to sustain dividend policy and continue a £150 million share buyback, while management cites early signs of stronger spring demand and calls for government support for first-time buyers to help meet national housing goals.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels Further Shares as Buyback Programme Trims Share Capital
Positive
Feb 9, 2026

Bellway has continued executing its share buyback programme, repurchasing 22,000 ordinary shares on 6 February 2026 at a volume-weighted average price of 2,618.83 pence per share through Citigroup Global Markets. The shares will be cancelled, and since the start of the programme in October 2025 the company has bought back 1,865,879 shares for cancellation, reducing its share count to 117,253,691 and modestly enhancing earnings per share and capital return for investors.

The ongoing reduction in Bellway’s share capital underscores management’s focus on shareholder returns at a time when UK housebuilders are balancing land investment and cash preservation. By tightening the free float, the programme may provide incremental support to the share price and signals confidence in the group’s balance sheet and future cash generation, with implications for valuation and income-focused shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Further Reduces Share Count
Positive
Feb 6, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 21,824 ordinary shares on 5 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,637.89p per share. The shares bought back will be cancelled, bringing total repurchases under the programme to 1,843,879 shares and reducing the company’s shares in issue to 117,275,691, a move that further concentrates earnings per share and signals ongoing capital returns to shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Further Reduces Share Count
Positive
Feb 5, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 4 February 2026 via Citigroup Global Markets at a volume-weighted average price of 2,750.96p. The latest tranche of shares will be cancelled, bringing total repurchases under the programme to 1,822,055 shares and reducing the company’s share count to 117,297,515, a move that signals ongoing capital returns to investors and is likely to enhance earnings per share and capital efficiency for remaining shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway retires more shares as buyback shrinks float
Positive
Feb 4, 2026

Bellway cancelled 22,000 shares on 3 February 2026 under its ongoing buyback, executed via Citigroup at an average 2,732.29p. The programme has now retired 1.8 million shares since October 2025, trimming the float to 117.3 million and signalling continued capital returns for shareholders amid tight market supply.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels Further Shares as Buyback Programme Passes 1.7 Million Threshold
Positive
Feb 3, 2026

Bellway has repurchased 22,000 ordinary shares on 2 February 2026 under its previously announced share buyback programme, paying a volume-weighted average price of 2,736.58 pence per share through Citigroup Global Markets Limited. The shares will be cancelled, bringing total buybacks since the programme began in October 2025 to 1,778,055 shares and reducing the number of ordinary shares in issue to 117,341,515, a move that tightens the group’s capital base and may enhance earnings per share and shareholder value over time.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Regulatory Filings and Compliance
Bellway Updates Market on Voting Rights and Share Capital Structure
Neutral
Feb 2, 2026

Bellway p.l.c. has confirmed that as of 30 January 2026 its issued share capital comprises 117,241,120 ordinary shares, with no shares held in treasury. The Bellway Employee Benefit Trust holds 415,104 of these shares but has waived its rights to vote and receive dividends on them, resulting in a total of 116,826,016 voting rights in the company. The announcement provides updated transparency for shareholders and market participants regarding Bellway’s capital structure and voting base, information that is relevant for assessing shareholder influence, regulatory reporting, and any future corporate actions.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Continues Share Buyback, Cancels Additional 22,000 Shares
Positive
Feb 2, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 30 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,738.56 pence per share, with all of the shares to be cancelled. Since the launch of the programme in October 2025, the company has bought back a total of 1,756,055 shares for cancellation, reducing its shares in issue to 117,241,120 and signalling ongoing efforts to return capital to shareholders and enhance earnings per share through a smaller equity base.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cancels Additional 22,000 Shares
Positive
Jan 30, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 22,000 ordinary shares on 29 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,760.71 pence. The shares will be cancelled, bringing total repurchases under the programme since October 2025 to 1,734,055 shares and reducing the company’s share capital to 117,263,120 shares in issue, a move that is likely to enhance earnings per share and signals ongoing capital returns to shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels Further Shares as Buyback Programme Passes 1.7 Million Mark
Positive
Jan 29, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 22,000 ordinary shares on 28 January 2026 via Citigroup Global Markets at prices between 2,712p and 2,754p per share, with a volume-weighted average price of 2,739.18p. The latest repurchase, which will be cancelled, brings the total number of shares bought back for cancellation since the programme’s launch in October 2025 to 1,712,055, reducing the company’s share capital to 117,285,120 shares in issue and signalling an ongoing commitment to capital return and balance-sheet optimisation for shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares as Buyback Programme Progresses
Positive
Jan 28, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 27 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,712.54 pence per share. The shares will be cancelled, bringing total repurchases under the programme to 1,690,055 shares and reducing the company’s shares in issue to 117,307,120, a move that enhances capital return to shareholders and marginally increases earnings per share for remaining investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares as Buyback Programme Reduces Share Count
Positive
Jan 27, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 21,992 ordinary shares on 26 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,693.58 pence per share. The latest tranche, which will be cancelled, brings total shares bought back for cancellation since the launch of the programme in October 2025 to 1,668,055, reducing the company’s share count to 117,329,120 and further concentrating equity for remaining shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Capital Return with Further Share Buyback and Cancellation
Positive
Jan 26, 2026

Bellway has repurchased 22,000 ordinary shares on 23 January 2026 under its ongoing share buyback programme, paying a volume-weighted average price of 2,697.24 pence per share. The shares, acquired via Citigroup Global Markets, will be cancelled, bringing total buybacks since the programme’s launch in October 2025 to 1,646,063 shares and reducing the company’s shares in issue to 117,351,112, a move that consolidates earnings per share and signals continued capital returns to shareholders.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares Under Ongoing Buyback Programme
Positive
Jan 23, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 21,894 ordinary shares on 22 January 2026 through Citigroup Global Markets at a volume-weighted average price of 2,707.33 pence per share, with the shares to be cancelled. This latest tranche brings the total repurchased since the programme began in October 2025 to 1,624,063 shares, reducing the company’s share count to 117,373,112 and signalling an ongoing return of capital to shareholders and potential enhancement of earnings per share through a smaller equity base.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Continues Share Buyback, Further Reduces Share Capital
Positive
Jan 22, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 21,996 ordinary shares on 21 January 2026 at a volume-weighted average price of 2,680.89 pence per share through Citigroup Global Markets. The shares will be cancelled, bringing total repurchases under the programme to 1,602,169 shares and reducing the company’s share capital to 117,395,006 shares in issue, a move that tightens the share count and may enhance earnings per share and capital return for investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cuts Share Count to 117.4 Million
Positive
Jan 21, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 20 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,693.08 pence per share, with all of the acquired shares to be cancelled. This latest tranche brings total repurchases under the programme to 1,580,173 shares, reducing the company’s shares in issue to 117,417,002 and underscoring an ongoing capital-return strategy that tightens the equity base and may enhance earnings per share for existing investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares as Buyback Programme Reduces Share Capital
Positive
Jan 20, 2026

Bellway has continued executing its previously announced share buyback programme, purchasing 21,824 ordinary shares on 19 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,717.30 pence per share. These shares, like earlier repurchases under the programme, will be cancelled, bringing total shares bought back since October 2025 to 1,558,173 and reducing the company’s shares in issue to 117,439,002, a move that tightens the share capital base and may enhance earnings per share and capital returns for investors.

The most recent analyst rating on (GB:BWY) stock is a Buy with a £3461.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels Further Shares as Buyback Programme Reduces Share Count
Positive
Jan 19, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 21,844 ordinary shares on 16 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,721.79p, with all shares bought to be cancelled. This latest tranche brings total buybacks for cancellation since the programme’s launch in October 2025 to 1,536,349 shares and reduces the group’s shares in issue to 117,460,826, signalling ongoing capital return to shareholders and a tighter equity base that may enhance earnings per share and underline management’s confidence in the company’s financial position.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cuts Share Count Further with Latest Buyback
Positive
Jan 16, 2026

Bellway has repurchased 22,000 ordinary shares on 15 January 2026 under its ongoing share buyback programme, paying a volume-weighted average price of 2,685.52p per share, with the shares to be cancelled. Since the launch of the programme in October 2025, the company has bought back a total of 1,514,505 shares for cancellation, reducing its share count to 117,482,670, a move that tightens the equity base and is likely to enhance earnings per share for remaining shareholders.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Reducing Share Count to 117.5 Million
Positive
Jan 15, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 22,000 ordinary shares on 14 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,678.24p, with the shares to be cancelled. This latest transaction brings total repurchases since the start of the programme to 1,492,505 shares, reducing the company’s share count to 117,504,670 and signalling an ongoing capital-return strategy that may enhance earnings per share and support the valuation for existing shareholders.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares as Buyback Programme Progresses
Positive
Jan 14, 2026

Bellway has continued its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 13 January 2026 through Citigroup Global Markets at a volume-weighted average price of 2,750.68 pence per share. The shares will be cancelled, bringing total buybacks under the programme to 1,470,505 shares and reducing the company’s shares in issue to 117,526,670, a move that tightens the share capital base and can enhance earnings per share and capital returns for remaining shareholders.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Continues Share Buyback, Reduces Share Capital
Positive
Jan 13, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 12 January 2026 at a volume-weighted average price of 2,774.31 pence per share through Citigroup Global Markets. The shares will be cancelled, bringing total repurchases under the programme to 1,448,505 shares and reducing the company’s shares in issue to 117,548,670, a move that effectively returns capital to investors and marginally enhances earnings and net asset value per share for remaining shareholders.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cancels Further 21,707 Shares
Positive
Jan 12, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 21,707 ordinary shares on 9 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,772.74 pence per share. The shares acquired will be cancelled, contributing to a reduction in the company’s share capital; since the launch of the programme in October 2025, Bellway has bought back a total of 1,426,505 shares for cancellation, leaving 117,569,099 ordinary shares in issue and signalling an ongoing focus on capital returns and balance sheet efficiency for shareholders.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Cancels Further Shares as Buyback Programme Progresses
Positive
Jan 9, 2026

Bellway has continued to execute its previously announced share buyback programme, repurchasing 22,000 ordinary shares on 8 January 2026 at prices between 2,750p and 2,800p per share, with a volume-weighted average price of 2,771.98p. The latest tranche, carried out via Citigroup Global Markets and earmarked for cancellation, brings total shares bought back since the programme began in October 2025 to 1,404,798, reducing the group’s share count to 117,590,806 and modestly enhancing earnings per share and capital return metrics for existing shareholders.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Cancels Further Shares as Buyback Programme Reduces Share Count
Positive
Jan 9, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 22,000 ordinary shares on 8 January 2026 at prices between 2,750p and 2,800p per share, with a volume-weighted average price of 2,771.98p. The acquired shares will be cancelled, bringing total repurchases since the programme began in October 2025 to 1,404,798 shares and reducing the group’s shares in issue to 117,590,806, a move that is expected to enhance earnings per share and signals ongoing capital discipline and shareholder-return focus.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Cancels Additional 22,000 Shares
Positive
Jan 8, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 22,000 ordinary shares on 7 January 2026 via Citigroup Global Markets at a volume-weighted average price of 2,742.33 pence per share. The shares acquired will be cancelled, bringing total repurchases under the programme since October 2025 to 1,382,798 shares and reducing the company’s share count to 117,612,806, a move that is likely to enhance earnings per share and signals ongoing capital returns to shareholders within the UK housebuilding sector.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback, Further Reduces Share Count
Positive
Jan 7, 2026

Bellway has continued to execute its share buyback programme, repurchasing 22,000 ordinary shares on 6 January 2026 at a volume-weighted average price of 2,745.93p, with all of these shares to be cancelled. Since the buyback’s launch in October 2025, the company has acquired a total of 1,360,798 shares for cancellation, reducing its outstanding share count to 117,634,806, a move that tightens the capital base and may enhance earnings per share and capital returns for investors.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Continues Share Buyback, Cancels Further 22,000 Shares
Positive
Jan 6, 2026

Bellway has continued to execute its previously announced share buyback programme, purchasing 22,000 ordinary shares on 5 January 2026 at a volume-weighted average price of 2,730.78 pence per share via Citigroup Global Markets. The newly repurchased shares will be cancelled, bringing total buybacks since the programme’s launch in October 2025 to 1,338,798 shares and reducing the company’s issued share capital to 117,656,806 ordinary shares, a move that tightens the equity base and may enhance earnings per share for remaining investors.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Regulatory Filings and Compliance
Bellway Confirms Share Capital and Voting Rights Structure
Neutral
Jan 5, 2026

Bellway p.l.c. has confirmed that as at 31 December 2025 its issued share capital comprised 117,678,806 ordinary shares, with no shares held in treasury. The company reported that 415,104 of these shares are held by the Bellway Employee Benefit Trust, which has waived voting and dividend rights on those shares, resulting in a total of 117,263,702 voting rights in the company. The update clarifies the current capital and voting structure for investors and other stakeholders, supporting transparency around share ownership and governance.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway Continues Share Buyback, Further Reduces Share Count
Positive
Dec 22, 2025

Bellway p.l.c. has continued to execute its previously announced share buyback programme, purchasing 21,549 ordinary shares on 19 December 2025 at a volume-weighted average price of 2,659.28 pence per share through Citigroup Global Markets. The shares bought back will be cancelled, bringing total repurchases since the programme’s launch in October to 1,316,798 shares and reducing the company’s shares in issue to 117,678,806, a move that tightens the share capital base and may enhance earnings per share for remaining investors.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Bellway Continues Share Buyback, Further Reducing Share Count
Positive
Dec 19, 2025

Bellway has continued to execute its share buyback programme, repurchasing 21,906 ordinary shares on 18 December 2025 at prices between 2,656p and 2,692p per share, with a volume-weighted average price of 2,679.51p. The shares bought back will be cancelled, taking total repurchases since the programme began on 14 October 2025 to 1,295,249 shares and reducing the company’s share count to 117,700,355, a move that enhances earnings per share and signals ongoing capital returns to shareholders amid disciplined balance sheet management.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Business Operations and StrategyStock Buyback
Bellway Continues Share Buyback Program with Latest Purchase
Positive
Dec 18, 2025

Bellway plc has repurchased 22,000 of its ordinary shares at an average price of 2,663.11p as part of its ongoing share buyback program, aimed at optimizing its capital structure. To date, the program has seen Bellway buy back and cancel 1,273,343 shares, reducing its total shares in issue to 117,722,261, which underscores the Group’s commitment to returning value to shareholders and maintaining shareholder confidence.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Stock Buyback
Bellway PLC Advances Share Buyback Program with Latest Purchase
Positive
Dec 17, 2025

Bellway PLC has executed a share buyback program, purchasing 22,000 ordinary shares at an average price of 2,611.38 pence per share. This transaction is part of a larger program initiated in October 2025, resulting in the acquisition and cancellation of over 1.25 million shares, reducing the total number of shares in issue to 117,744,261. This move is likely aimed at enhancing shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and reflecting confidence in the company’s financial health.

The most recent analyst rating on (GB:BWY) stock is a Hold with a £2829.00 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 11, 2025