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

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 155,335 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 442 ($5.59), for a total transaction 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 transaction of £487,165.68 ($616,197.42).
• On Monday, June 10th, Steve Wadey bought 32 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 457 ($5.78) per share, for a total transaction of £146.24 ($184.97).
• On Thursday, May 9th, Steve Wadey acquired 42 shares of QinetiQ Group stock. The stock was purchased 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 acquired 42 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 355 ($4.49) per share, with a total value of £149.10 ($188.59).

QinetiQ Group Stock Up 2.3 %

QinetiQ Group stock opened at GBX 449 ($5.68) on Thursday. QinetiQ Group plc has a twelve month low of GBX 292.20 ($3.70) and a twelve month high of GBX 428.40 ($5.42). The firm has a 50 day moving average price of GBX 408.28 and a 200-day moving average price of GBX 369.08. The company has a market capitalization of £2.56 billion, a P/E ratio of 1,828.33, a P/E/G ratio of 1.47 and a beta of 0.39. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 42.47.

QinetiQ Group Increases Dividend

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

Wall Street Analysts Forecast Growth

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

About QinetiQ Group

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.