BAE Systems plc (LON:BA) Raises Dividend to GBX 18.50 Per Share

BAE Systems plc (LON:BA) declared a dividend on Wednesday, February 21st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 18.50 ($0.23) per share on Monday, June 3rd. This represents a yield of 1.48%. The ex-dividend date is Thursday, April 18th. This is a boost from BAE Systems’s previous dividend of $11.50. The official announcement can be seen at this link.

BAE Systems Stock Performance

Shares of LON BA opened at GBX 1,321.50 ($16.45) on Wednesday. The stock’s fifty day moving average price is GBX 1,281.51 and its two-hundred day moving average price is GBX 1,159. The firm has a market cap of £39.91 billion, a price-to-earnings ratio of 2,229.17, a P/E/G ratio of 3.64 and a beta of 0.35. The company has a debt-to-equity ratio of 62.47, a current ratio of 1.08 and a quick ratio of 0.91. BAE Systems has a one year low of GBX 883.40 ($11.00) and a one year high of GBX 1,378 ($17.15).

Insiders Place Their Bets

In related news, insider Cressida Hogg purchased 13,698 shares of BAE Systems stock in a transaction dated Tuesday, March 19th. The stock was bought at an average cost of GBX 1,320 ($16.43) per share, for a total transaction of £180,813.60 ($225,088.51). In related news, insider Cressida Hogg purchased 13,698 shares of BAE Systems stock in a transaction dated Tuesday, March 19th. The stock was bought at an average cost of GBX 1,320 ($16.43) per share, for a total transaction of £180,813.60 ($225,088.51). Also, insider Charles Woodburn sold 331,716 shares of BAE Systems stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 1,255 ($15.62), for a total value of £4,163,035.80 ($5,182,417.28). Insiders bought 16,854 shares of company stock valued at $23,107,260 over the last ninety days. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on BAE Systems from GBX 1,300 ($16.18) to GBX 1,400 ($17.43) and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their target price on BAE Systems from GBX 1,290 ($16.06) to GBX 1,440 ($17.93) and gave the stock a “buy” rating in a report on Friday, April 12th. Barclays increased their price target on BAE Systems from GBX 1,250 ($15.56) to GBX 1,450 ($18.05) and gave the company an “overweight” rating in a research note on Tuesday, March 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,220 ($15.19) price target on shares of BAE Systems in a research note on Wednesday, February 21st. Finally, Shore Capital reissued a “buy” rating on shares of BAE Systems in a research note on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,335 ($16.62).

BAE Systems Company Profile

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.