Insider Selling: BAE Systems plc (LON:BA) Insider Sells £5,444,663.85 in Stock

BAE Systems plc (LON:BA) insider Brad Greve sold 363,705 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 1,497 ($19.59), for a total transaction of £5,444,663.85 ($7,126,523.36).

Brad Greve also recently made the following trade(s):

• On Monday, February 17th, Brad Greve bought 12 shares of BAE Systems stock. The shares were bought at an average cost of GBX 1,241 ($16.24) per share, with a total value of £148.92 ($194.92).
• On Tuesday, January 14th, Brad Greve acquired 13 shares of BAE Systems stock. The stock was purchased at an average price of GBX 1,187 ($15.54) per share, for a total transaction of £154.31 ($201.98).

BAE Systems Price Performance

BAE Systems stock opened at GBX 1,657.50 ($21.70) on Friday. The company has a 50-day moving average price of GBX 1,469.84 and a 200 day moving average price of GBX 1,326.10. The stock has a market cap of £51.32 billion, a P/E ratio of 28.44, a PEG ratio of 3.33 and a beta of 0.33. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.02. BAE Systems plc has a 12-month low of GBX 1,012.50 ($13.25) and a 12-month high of GBX 1,415.25 ($18.52).

BAE Systems (LON:BA) last posted its earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.90) earnings per share (EPS) for the quarter. BAE Systems had a return on equity of 16.87% and a net margin of 7.49%. Sell-side analysts anticipate that BAE Systems plc will post 73.537927 earnings per share for the current year.

BAE Systems Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, April 17th will be paid a GBX 20.60 ($0.27) dividend. This represents a dividend yield of 1.24%. This is an increase from BAE Systems’s previous dividend of $12.40. The ex-dividend date of this dividend is Thursday, April 17th. BAE Systems’s payout ratio is 53.18%.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. JPMorgan Chase & Co. raised their target price on BAE Systems from GBX 1,630 ($21.34) to GBX 1,725 ($22.58) and gave the company an “overweight” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,510 ($19.76) target price on shares of BAE Systems in a research note on Thursday, February 20th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,440 ($18.85) target price on shares of BAE Systems in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, BAE Systems currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,528.75 ($20.01).

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.