Insider Selling: BAE Systems plc (LON:BA) Insider Sells £2,601,155.20 in Stock

BAE Systems plc (LON:BA) insider Tom Arseneault sold 165,890 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 1,568 ($20.30), for a total value of £2,601,155.20 ($3,367,627.14).

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 ($20.16), for a total value of £2,424,513.69 ($3,138,935.38).

BAE Systems Price Performance

BA traded up GBX 9 ($0.12) during trading hours on Friday, hitting GBX 1,584.50 ($20.51). The company’s stock had a trading volume of 5,952,204 shares. The stock has a market cap of £49.06 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 3.33 and a beta of 0.33. The business’s 50-day moving average price is GBX 1,383.41 and its 200-day moving average price is GBX 1,301.85. 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 12 month low of GBX 1,012.50 ($13.11) and a 12 month high of GBX 1,415.25 ($18.32).

BAE Systems (LON:BA) last posted its earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.89) earnings per share for the quarter. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%. Sell-side analysts expect that BAE Systems plc will post 73.537927 earnings per share for the current fiscal year.

BAE Systems Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, April 17th will be paid a GBX 20.60 ($0.27) dividend. This represents a dividend yield of 1.24%. This is a positive change from BAE Systems’s previous dividend of $12.40. The ex-dividend date is Thursday, April 17th. BAE Systems’s dividend payout ratio (DPR) is presently 53.18%.

Analysts Set New Price Targets

BA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,510 ($19.55) target price on shares of BAE Systems in a report on Thursday, February 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,440 ($18.64) price target on shares of BAE Systems in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their price objective on BAE Systems from GBX 1,630 ($21.10) to GBX 1,725 ($22.33) and gave the company an “overweight” rating in a research report 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,528.75 ($19.79).

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.