QinetiQ Group plc (LON:QQ) Insider Sells £388,060.20 in Stock

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey sold 75,060 shares of QinetiQ Group stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of GBX 517 ($7.00), for a total value of £388,060.20 ($525,755.59).

Steve Wadey also recently made the following trade(s):

• On Tuesday, June 10th, Steve Wadey bought 27 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 548 ($7.42) per share, with a total value of £147.96 ($200.46).
• On Friday, May 9th, Steve Wadey bought 35 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 428 ($5.80) per share, with a total value of £149.80 ($202.95).

QinetiQ Group Stock Performance

Shares of QinetiQ Group stock traded up GBX 13 ($0.18) during trading hours on Friday, hitting GBX 518 ($7.02). 1,424,945 shares of the company were exchanged, compared to its average volume of 88,555. QinetiQ Group plc has a 1 year low of GBX 292.20 ($3.96) and a 1 year high of GBX 491 ($6.65). The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. The business has a 50-day moving average of GBX 435.30 and a 200-day moving average of GBX 417.77. The stock has a market capitalization of £2.86 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) earnings per share (EPS) for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. As a group, analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were issued a GBX 7.72 ($0.10) dividend. This is a positive change from QinetiQ Group's previous dividend of $2.80. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 2.29%. QinetiQ Group's dividend payout ratio is 33.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on QQ. Barclays boosted their price objective on QinetiQ Group from GBX 535 ($7.25) to GBX 570 ($7.72) and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Berenberg Bank boosted their price objective on QinetiQ Group from GBX 500 ($6.77) to GBX 570 ($7.72) and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, Shore Capital restated a "hold" rating on shares of QinetiQ Group in a research note on Thursday, May 22nd.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.