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

BAE Systems plc (LON:BA) insider Tom Arseneault sold 152,999 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 1,330 ($17.27), for a total value 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 Price Performance

Shares of BA opened at GBX 1,304.50 ($16.94) on Friday. The company has a 50 day moving average of GBX 1,303.41 and a 200-day moving average of GBX 1,319.05. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.37. The stock has a market capitalization of £39.40 billion, a P/E ratio of 2,174.17, a P/E/G ratio of 3.33 and a beta of 0.33. 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).

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. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 0.96%. BAE Systems’s payout ratio is currently 5,166.67%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup upgraded BAE Systems to a “buy” rating and set a GBX 1,440 ($18.70) price objective on the stock in a report on Monday, July 29th. Shore Capital reissued a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,500 ($19.48) price objective on shares of BAE Systems in a research report on Thursday, July 25th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,360 ($17.66) target price on shares of BAE Systems in a research note on Friday, September 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, BAE Systems presently has an average rating of “Moderate Buy” and a consensus 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.