BAE Systems (OTCMKTS:BAESY) Hits New 1-Year High at $70.29

BAE Systems plc (OTCMKTS:BAESY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.29 and last traded at $69.70, with a volume of 92229 shares changing hands. The stock had previously closed at $69.81.

Analyst Upgrades and Downgrades

Separately, BNP Paribas downgraded shares of BAE Systems from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, BAE Systems presently has an average rating of “Hold” and an average target price of $1,142.00.

BAE Systems Price Performance

The business has a 50-day simple moving average of $63.69 and a two-hundred day simple moving average of $57.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97.

BAE Systems Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 10th. Investors of record on Friday, April 19th will be issued a dividend of $0.9029 per share. This is a positive change from BAE Systems’s previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, April 18th.

Hedge Funds Weigh In On BAE Systems

Large investors have recently made changes to their positions in the business. Ramirez Asset Management Inc. bought a new stake in BAE Systems during the third quarter worth approximately $2,710,000. Beach Investment Counsel Inc. PA grew its holdings in shares of BAE Systems by 2.8% in the 3rd quarter. Beach Investment Counsel Inc. PA now owns 214,001 shares of the aerospace company’s stock worth $10,582,000 after acquiring an additional 5,741 shares during the last quarter. Equitable Trust Co. raised its position in shares of BAE Systems by 20.9% during the third quarter. Equitable Trust Co. now owns 52,940 shares of the aerospace company’s stock worth $2,579,000 after purchasing an additional 9,135 shares during the period. Pacer Advisors Inc. acquired a new position in shares of BAE Systems in the 4th quarter valued at $18,702,000. Finally, SVB Wealth LLC purchased a new position in BAE Systems in the 3rd quarter worth about $207,000. Institutional investors own 0.21% of the company’s stock.

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.