BAE Systems plc (BA) Insider Sells £75,597.06 in Stock

BAE Systems plc (LON:BA) insider Jerry DeMuro sold 16,363 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of GBX 462 ($6.04), for a total transaction of £75,597.06 ($98,780.95).

LON BA traded down GBX 6.10 ($0.08) during trading hours on Monday, reaching GBX 491.90 ($6.43). The company’s stock had a trading volume of 5,773,437 shares, compared to its average volume of 9,870,000. The firm has a market cap of $15.74 billion and a PE ratio of 15.77. The company has a debt-to-equity ratio of 76.88, a current ratio of 1.03 and a quick ratio of 0.81. BAE Systems plc has a 52 week low of GBX 441.50 ($5.77) and a 52 week high of GBX 680.20 ($8.89).

The company also recently declared a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 13.20 ($0.17) per share. This is a positive change from BAE Systems’s previous dividend of $9.00. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 2.62%. BAE Systems’s payout ratio is 0.83%.

Several brokerages have recently weighed in on BA. Goldman Sachs Group restated a “buy” rating and issued a GBX 634 ($8.28) price target (down from GBX 635 ($8.30)) on shares of BAE Systems in a research note on Wednesday, January 9th. Berenberg Bank decreased their price target on shares of BAE Systems from GBX 700 ($9.15) to GBX 590 ($7.71) and set a “buy” rating on the stock in a research note on Wednesday, January 9th. JPMorgan Chase & Co. decreased their price target on shares of BAE Systems from GBX 625 ($8.17) to GBX 545 ($7.12) and set a “neutral” rating on the stock in a research note on Thursday, January 10th. Barclays upgraded shares of BAE Systems to an “equal weight” rating and upped their price target for the company from GBX 500 ($6.53) to GBX 550 ($7.19) in a research note on Tuesday, January 15th. Finally, Societe Generale decreased their price target on shares of BAE Systems from GBX 620 ($8.10) to GBX 585 ($7.64) and set a “buy” rating on the stock in a research note on Wednesday, January 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 608.58 ($7.95).

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About BAE Systems

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

Further Reading: Buy-Side Analysts

Insider Buying and Selling by Quarter for BAE Systems (LON:BA)

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