BAE Systems plc (LON:BA) Plans Dividend of GBX 20.60

BAE Systems plc (LON:BA) announced a dividend on Wednesday, February 19th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 20.60 ($0.27) per share on Monday, June 2nd. This represents a dividend yield of 1.24%. The ex-dividend date is Thursday, April 17th. This is a 66.1% increase from BAE Systems’s previous dividend of $12.40. The official announcement can be viewed at this link.

BAE Systems Trading Up 2.1 %

Shares of BA opened at GBX 1,693 ($22.32) on Tuesday. BAE Systems has a twelve month low of GBX 1,012.50 ($13.35) and a twelve month high of GBX 1,415.25 ($18.66). The firm has a market capitalization of £52.41 billion, a P/E ratio of 29.04, a price-to-earnings-growth 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. The stock’s fifty day simple moving average is GBX 1,478.78 and its 200 day simple moving average is GBX 1,329.37.

BAE Systems (LON:BA) last released its quarterly earnings data 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, equities research analysts forecast that BAE Systems will post 73.537927 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of BAE Systems from GBX 1,630 ($21.49) to GBX 1,725 ($22.75) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,510 ($19.91) price target on shares of BAE Systems in a report on Thursday, February 20th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,440 ($18.99) 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,528.75 ($20.16).

Insider Buying and Selling at BAE Systems

In related news, insider Tom Arseneault sold 165,890 shares of BAE Systems stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of GBX 1,568 ($20.68), for a total value of £2,601,155.20 ($3,429,793.25). Also, insider Brad Greve sold 363,705 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 1,497 ($19.74), for a total transaction of £5,444,663.85 ($7,179,145.37). Insiders sold a total of 1,562,656 shares of company stock valued at $2,420,076,634 in the last ninety days. Insiders own 0.14% of the company’s stock.

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.