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

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

BAE Systems Trading Up 2.1 %

Shares of BA opened at GBX 1,693 ($22.32) on Tuesday. The firm has a market capitalization of £52.41 billion, a P/E ratio of 29.04, a P/E/G 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 firm has a 50-day moving average price of GBX 1,478.78 and a 200 day moving average price of GBX 1,329.37. BAE Systems has a 12-month low of GBX 1,012.50 ($13.35) and a 12-month high of GBX 1,415.25 ($18.66).

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

Insider Transactions at BAE Systems

In other BAE Systems news, insider Brad Greve sold 363,705 shares of BAE Systems stock in a transaction dated Monday, April 7th. The stock was sold at an average price of GBX 1,497 ($19.74), for a total value of £5,444,663.85 ($7,179,145.37). Also, insider Charles Woodburn sold 877,344 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of GBX 1,565 ($20.64), for a total transaction of £13,730,433.60 ($18,104,474.68). Insiders sold 1,562,656 shares of company stock valued at $2,420,076,634 in the last 90 days. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on BA. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,440 ($18.99) target price on shares of BAE Systems in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised 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 report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,510 ($19.91) price objective on shares of BAE Systems in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,528.75 ($20.16).

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.