BAE Systems plc (LON:BA) Insider Tom Arseneault Sells 180,787 Shares

BAE Systems plc (LON:BA) insider Tom Arseneault sold 180,787 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was 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 Trading Up 0.9 %

BAE Systems stock opened at GBX 1,340 ($17.40) on Thursday. The business has a 50 day moving average price of GBX 1,304.90 and a two-hundred day moving average price of GBX 1,319.03. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.37. BAE Systems plc has a 12 month low of GBX 1,012.50 ($13.15) and a 12 month high of GBX 1,415.25 ($18.38). The stock has a market cap of £40.47 billion, a price-to-earnings 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 announced 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. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 0.96%. BAE Systems’s payout ratio is 5,166.67%.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,500 ($19.48) price objective on shares of BAE Systems in a research note on Thursday, July 25th. Citigroup raised BAE Systems to a “buy” rating and set a GBX 1,440 ($18.70) price target on the stock in a research report on Monday, July 29th. Berenberg Bank reissued 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, Shore Capital reaffirmed a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, BAE Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,438 ($18.67).

BAE Systems Company Profile

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.