BAE Systems plc to Issue Dividend of GBX 12.40 (LON:BA)

BAE Systems plc (LON:BA) declared a dividend on Thursday, August 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 24th will be given a dividend of GBX 12.40 ($0.16) per share on Monday, December 2nd. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, October 24th. The official announcement can be accessed at this link.

BAE Systems Stock Performance

LON:BA opened at GBX 1,297 ($16.68) on Thursday. The company has a market capitalization of £39.30 billion, a PE ratio of 2,161.67, a price-to-earnings-growth ratio of 3.93 and a beta of 0.36. The stock has a 50-day simple moving average of GBX 1,325.31 and a two-hundred day simple moving average of GBX 1,296.71. The company has a debt-to-equity ratio of 62.47, a quick ratio of 0.91 and a current ratio of 1.08.

Insider Transactions at BAE Systems

In other news, insider Charles Woodburn sold 485,694 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of GBX 1,389 ($17.87), for a total transaction of £6,746,289.66 ($8,678,016.03). Insiders bought 35 shares of company stock valued at $46,394 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Shore Capital reaffirmed a “hold” rating on shares of BAE Systems in a research note on Thursday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,500 ($19.30) target price on shares of BAE Systems in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on BAE Systems from GBX 1,290 ($16.59) to GBX 1,440 ($18.52) and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Citigroup raised BAE Systems to a “buy” rating and set a GBX 1,440 ($18.52) target price for the company in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,410 ($18.14).

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.