BAE Systems plc (LON:BA) Insider Tom Arseneault Sells 152,999 Shares

BAE Systems plc (LON:BA - Get Free Report) insider Tom Arseneault sold 152,999 shares of the business's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 1,330 ($17.27), for a total transaction 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 stock was sold at an average price of GBX 1,330 ($17.27), for a total transaction of £2,404,467.10 ($3,121,873.67).

BAE Systems Stock Performance

Shares of BA stock traded up GBX 12.50 ($0.16) during trading hours on Wednesday, hitting GBX 1,340 ($17.40). The stock had a trading volume of 4,205,649 shares. The company has a debt-to-equity ratio of 94.37, a current ratio of 1.03 and a quick ratio of 0.91. The stock's 50 day moving average is GBX 1,304.90 and its 200 day moving average is GBX 1,319.03. 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). The firm has a market capitalization of £40.47 billion, a PE ratio of 2,233.33, a PEG ratio of 3.33 and a beta of 0.33.

BAE Systems Cuts Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,500 ($19.48) price target on shares of BAE Systems in a research note on Thursday, July 25th. Shore Capital restated a "hold" rating on shares of BAE Systems in a research note on Thursday, August 1st. Berenberg Bank restated a "buy" rating and set a GBX 1,360 ($17.66) target price on shares of BAE Systems in a research note on Friday, September 6th. Finally, Citigroup upgraded shares of BAE Systems to a "buy" rating and set a GBX 1,440 ($18.70) target price on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.