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

BAE Systems plc (LON:BA) insider Tom Arseneault sold 152,999 shares of the business’s 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 stock was sold at an average price of GBX 1,330 ($17.27), for a total value of £2,404,467.10 ($3,121,873.67).

BAE Systems Trading Up 0.9 %

BA stock opened at GBX 1,340 ($17.40) on Thursday. 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 company has a market capitalization of £40.47 billion, a PE ratio of 2,233.33, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The company’s 50 day moving average price is GBX 1,304.90 and its two-hundred day moving average price is GBX 1,319.03. The company has a debt-to-equity ratio of 94.37, a quick ratio of 0.91 and a current ratio of 1.03.

BAE Systems Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders 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 dividend payout ratio is presently 5,166.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BA shares. 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. Citigroup upgraded shares of BAE Systems to a “buy” rating and set a GBX 1,440 ($18.70) price objective on the stock in a research report on Monday, July 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,360 ($17.66) price objective on shares of BAE Systems in a report on Friday, September 6th. Finally, Shore Capital reissued a “hold” rating on shares of BAE Systems in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.