BAE Systems plc (LON:BA) Insider Sells £2,404,467.10 in Stock

BAE Systems plc (LON:BA) insider Tom Arseneault sold 180,787 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of GBX 1,330 ($17.27), for a total value of £2,404,467.10 ($3,121,873.67).

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

• On Thursday, October 17th, Tom Arseneault sold 152,999 shares of BAE Systems stock. The shares were sold at an average price of GBX 1,330 ($17.27), for a total value of £2,034,886.70 ($2,642,023.76).

BAE Systems Stock Down 0.5 %

BAE Systems stock opened at GBX 1,304.50 ($16.94) on Friday. BAE Systems plc has a 52 week low of GBX 1,012.50 ($13.15) and a 52 week high of GBX 1,415.25 ($18.38). The stock has a market cap of £39.40 billion, a price-to-earnings ratio of 2,174.17, a PEG ratio of 3.33 and a beta of 0.33. The company’s 50-day moving average price is GBX 1,303.41 and its two-hundred day moving average price is GBX 1,319.05. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.37.

BAE Systems Cuts Dividend

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

Analyst Ratings Changes

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

BAE Systems Company Profile

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.