Steve Wadey Sells 155,335 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 155,335 shares of QinetiQ Group stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 442 ($5.59), for a total value of £686,580.70 ($868,429.93).

Steve Wadey also recently made the following trade(s):

• On Tuesday, June 25th, Steve Wadey sold 109,722 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 444 ($5.62), for a total value of £487,165.68 ($616,197.42).
• On Monday, June 10th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 457 ($5.78) per share, with a total value of £146.24 ($184.97).
• On Thursday, May 9th, Steve Wadey bought 42 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 365 ($4.62) per share, with a total value of £153.30 ($193.90).
• On Tuesday, April 9th, Steve Wadey bought 42 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 355 ($4.49) per share, with a total value of £149.10 ($188.59).

QinetiQ Group Stock Performance

Shares of QQ stock opened at GBX 438.80 ($5.55) on Wednesday. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.15 and a current ratio of 1.15. QinetiQ Group plc has a fifty-two week low of GBX 292.20 ($3.70) and a fifty-two week high of GBX 428.40 ($5.42). The company has a market capitalization of £2.50 billion, a P/E ratio of 1,828.33, a PEG ratio of 1.47 and a beta of 0.39. The stock has a 50 day moving average price of GBX 406.33 and a two-hundred day moving average price of GBX 368.59.

QinetiQ Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, July 25th will be paid a dividend of GBX 5.65 ($0.07) per share. The ex-dividend date is Thursday, July 25th. This is a boost from QinetiQ Group’s previous dividend of $2.60. This represents a dividend yield of 1.51%. QinetiQ Group’s payout ratio is 3,333.33%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on QQ. Citigroup reaffirmed a “buy” rating and set a GBX 530 ($6.70) target price on shares of QinetiQ Group in a report on Tuesday, June 11th. Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research report on Thursday, May 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 457.50 ($5.79).

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.