Insider Selling: BAE Systems plc (LON:BA) Insider Sells 152,999 Shares of Stock

BAE Systems plc (LON:BA) insider Tom Arseneault sold 152,999 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 1,330 ($17.27), for a total value of £2,034,886.70 ($2,642,023.76).

Tom Arseneault also recently made the following trade(s):

• On Tuesday, October 22nd, Tom Arseneault sold 180,787 shares of BAE Systems stock. The shares were sold at an average price of GBX 1,330 ($17.27), for a total value of £2,404,467.10 ($3,121,873.67).

BAE Systems Price Performance

Shares of BAE Systems stock opened at GBX 1,323 ($17.18) on Friday. The stock has a market capitalization of £39.95 billion, a P/E ratio of 2,205.00, a PEG ratio of 3.33 and a beta of 0.33. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.37. The business’s fifty day moving average price is GBX 1,305.23 and its 200 day moving average price is GBX 1,319.17. BAE Systems plc has a twelve month low of GBX 1,012.50 ($13.15) and a twelve month high of GBX 1,415.25 ($18.38).

BAE Systems Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 24th will be issued a GBX 12.40 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 0.96%. BAE Systems’s payout ratio is 5,166.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BA shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,360 ($17.66) price target on shares of BAE Systems in a research note on Friday, September 6th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,500 ($19.48) target price on shares of BAE Systems in a research report on Thursday, July 25th. Shore Capital reiterated a “hold” rating on shares of BAE Systems in a report on Thursday, August 1st. Finally, Citigroup upgraded BAE Systems to a “buy” rating and set a GBX 1,440 ($18.70) price objective on the stock in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, BAE Systems currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,438 ($18.67).

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.