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

BAE Systems plc (LON:BA) insider Tom Arseneault sold 152,999 shares of BAE Systems stock in a transaction on 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 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).

BAE Systems Trading Down 1.3 %

Shares of BA opened at GBX 1,323 ($17.18) on Friday. 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 company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.37. The firm has a market capitalization of £39.95 billion, a P/E ratio of 2,205.00, a PEG ratio of 3.33 and a beta of 0.33. The firm’s 50-day moving average is GBX 1,305.23 and its two-hundred day moving average is GBX 1,319.17.

BAE Systems Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Shore Capital reaffirmed a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. 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. 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. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,500 ($19.48) target price on shares of BAE Systems in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BAE Systems currently has an average rating of “Moderate Buy” and an average price target 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.