Insider Buying: BAE Systems (BA) Insider Purchases 24 Shares of Stock

BAE Systems (LON:BA) insider Charles Woodburn acquired 24 shares of the stock in a transaction on Monday, May 14th. The shares were purchased at an average cost of GBX 633 ($8.59) per share, with a total value of £151.92 ($206.08).

Shares of BAE Systems traded up GBX 18.60 ($0.25), hitting GBX 636.60 ($8.64), during trading hours on Tuesday, according to Marketbeat.com. The company had a trading volume of 2,742,221 shares, compared to its average volume of 9,870,000. BAE Systems has a 52-week low of GBX 533.50 ($7.24) and a 52-week high of GBX 682.50 ($9.26).

The business also recently declared a dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, April 19th will be given a GBX 13 ($0.18) dividend. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, April 19th. This is a positive change from BAE Systems’s previous dividend of $8.80.

Several equities analysts have commented on BA shares. Citigroup reissued a “buy” rating and set a GBX 720 ($9.77) price objective on shares of BAE Systems in a research report on Friday, February 23rd. Deutsche Bank reissued a “buy” rating and set a GBX 730 ($9.90) price objective on shares of BAE Systems in a research report on Wednesday, February 7th. JPMorgan Chase lowered BAE Systems to an “underweight” rating and lowered their price objective for the company from GBX 555 ($7.53) to GBX 550 ($7.46) in a research report on Friday, February 23rd. Goldman Sachs reaffirmed a “conviction-buy” rating on shares of BAE Systems in a research report on Friday, April 6th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.50) price target on shares of BAE Systems in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. BAE Systems presently has an average rating of “Buy” and a consensus target price of GBX 649.58 ($8.81).

BAE Systems Company Profile

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

Insider Buying and Selling by Quarter for BAE Systems (LON:BA)

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