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 business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of GBX 1,330 ($17.27), for a total transaction 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 stock was sold at an average price of GBX 1,330 ($17.27), for a total transaction of £2,034,886.70 ($2,642,023.76).

BAE Systems Price Performance

BA opened at GBX 1,340 ($17.40) on Thursday. 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 company’s 50 day simple moving average is GBX 1,304.90 and its 200-day simple moving average is GBX 1,319.03. BAE Systems plc has a one year low of GBX 1,012.50 ($13.15) and a one year high of GBX 1,415.25 ($18.38). The stock has a market capitalization of £40.47 billion, a P/E ratio of 2,233.33, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33.

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, October 24th will be given 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 Analyst Weigh In

BA has been the topic of several research analyst reports. Citigroup raised shares of BAE Systems to a “buy” rating and set a GBX 1,440 ($18.70) price objective on the stock in a research note on Monday, July 29th. Shore Capital restated a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,360 ($17.66) price objective on shares of BAE Systems in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,500 ($19.48) target price 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 assigned a buy rating to the company. According to data from MarketBeat.com, BAE Systems currently has an average rating of “Moderate Buy” and a consensus 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.