BAE Systems plc (LON:BA) Insider Brad Greve Sells 363,705 Shares

BAE Systems plc (LON:BA) insider Brad Greve sold 363,705 shares of the business’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 purchased 12 shares of BAE Systems stock. The shares were bought at an average price of GBX 1,241 ($16.24) per share, for a total transaction of £148.92 ($194.92).
• On Tuesday, January 14th, Brad Greve bought 13 shares of BAE Systems stock. The shares were 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

Shares of LON:BA opened at GBX 1,657.50 ($21.70) on Friday. The company has a debt-to-equity ratio of 94.02, a quick ratio of 0.91 and a current ratio of 1.03. BAE Systems plc has a one year low of GBX 1,012.50 ($13.25) and a one year high of GBX 1,415.25 ($18.52). The company has a 50-day simple moving average of GBX 1,469.84 and a 200-day simple moving average of GBX 1,326.10. The stock has a market capitalization of £51.32 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.33 and a beta of 0.33.

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

BAE Systems Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 20.60 ($0.27) per share. 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 is Thursday, April 17th. BAE Systems’s dividend payout ratio is 53.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,510 ($19.76) price objective on shares of BAE Systems in a report on Thursday, February 20th. Berenberg Bank restated a “buy” rating and set a GBX 1,440 ($18.85) target price on shares of BAE Systems in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BAE Systems from GBX 1,630 ($21.34) to GBX 1,725 ($22.58) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,528.75 ($20.01).

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.