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 value 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 value of £2,034,886.70 ($2,642,023.76).

BAE Systems Stock Performance

LON BA opened at GBX 1,323 ($17.18) on Friday. The firm has a market capitalization of £39.95 billion, a P/E ratio of 2,205.00, a PEG ratio of 3.33 and a beta of 0.33. The stock has a 50-day simple moving average of GBX 1,305.23 and a two-hundred day simple moving average of GBX 1,319.17. 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 plc has a fifty-two week low of GBX 1,012.50 ($13.15) and a fifty-two week high of GBX 1,415.25 ($18.38).

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 24th will be paid a dividend of GBX 12.40 ($0.16) per share. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 0.96%. BAE Systems’s payout ratio is 5,166.67%.

Analyst Ratings Changes

BA has been the topic of several recent analyst reports. 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 report on Monday, July 29th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,500 ($19.48) price target on shares of BAE Systems in a research note on Thursday, July 25th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,360 ($17.66) price objective on shares of BAE Systems in a research note on Friday, September 6th. Finally, Shore Capital reissued a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.