BAE Systems (OTCMKTS:BAESY) Hits New 52-Week High at $70.50

BAE Systems plc (OTCMKTS:BAESY)’s share price reached a new 52-week high on Monday . The company traded as high as $70.50 and last traded at $69.34, with a volume of 146473 shares traded. The stock had previously closed at $68.81.

Analyst Ratings Changes

Separately, BNP Paribas downgraded BAE Systems from a “neutral” rating to an “underperform” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, BAE Systems currently has an average rating of “Hold” and a consensus target price of $1,142.00.

BAE Systems Trading Up 0.1 %

The company’s fifty day moving average price is $67.37 and its two-hundred day moving average price is $60.95. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

BAE Systems Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, April 19th will be issued a $0.9029 dividend. This is a boost from BAE Systems’s previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, April 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. acquired a new position in shares of BAE Systems during the 4th quarter worth $18,702,000. Renaissance Group LLC acquired a new stake in shares of BAE Systems during the 1st quarter valued at approximately $7,239,000. Ramirez Asset Management Inc. purchased a new stake in shares of BAE Systems during the 3rd quarter worth approximately $2,710,000. AdvisorShares Investments LLC acquired a new stake in shares of BAE Systems in the 4th quarter worth approximately $699,000. Finally, Equitable Trust Co. grew its holdings in BAE Systems by 20.9% in the third quarter. Equitable Trust Co. now owns 52,940 shares of the aerospace company’s stock valued at $2,579,000 after purchasing an additional 9,135 shares during the last quarter. Institutional investors and hedge funds 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.