Insider Selling: BAE Systems plc (LON:BA) Insider Sells 165,890 Shares of Stock

BAE Systems plc (LON:BA - Get Free Report) insider Tom Arseneault sold 165,890 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of GBX 1,568 ($20.26), for a total value of £2,601,155.20 ($3,360,665.63).

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

• On Wednesday, March 12th, Tom Arseneault sold 155,717 shares of BAE Systems stock. The stock was sold at an average price of GBX 1,557 ($20.12), for a total transaction of £2,424,513.69 ($3,132,446.63).

BAE Systems Trading Down 0.3 %

LON BA traded down GBX 5 ($0.06) on Tuesday, hitting GBX 1,559.50 ($20.15). The company's stock had a trading volume of 6,181,405 shares. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.02. BAE Systems plc has a 52-week low of GBX 1,012.50 ($13.08) and a 52-week high of GBX 1,415.25 ($18.28). The firm has a market cap of £48.28 billion, a P/E ratio of 26.75, a PEG ratio of 3.33 and a beta of 0.33. The company's 50-day simple moving average is GBX 1,397.69 and its 200 day simple moving average is GBX 1,305.80.

BAE Systems (LON:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.89) EPS for the quarter. BAE Systems had a return on equity of 16.87% and a net margin of 7.49%. Research analysts predict that BAE Systems plc will post 73.537927 EPS for the current fiscal year.

Remove Ads

BAE Systems Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, April 17th will be issued a dividend of GBX 20.60 ($0.27) per share. This is an increase from BAE Systems's previous dividend of $12.40. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.24%. BAE Systems's dividend payout ratio is 53.18%.

Analyst Ratings Changes

A number of research firms have recently weighed in on BA. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,510 ($19.51) target price on shares of BAE Systems in a research note on Thursday, February 20th. Berenberg Bank reissued a "buy" rating and set a GBX 1,440 ($18.60) price objective on shares of BAE Systems in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of BAE Systems from GBX 1,630 ($21.06) to GBX 1,725 ($22.29) and gave the stock an "overweight" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 1,528.75 ($19.75).

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.