BAE Systems (OTCMKTS:BAESY) Reaches New 12-Month High at $70.50

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

Analyst Ratings Changes

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

BAE Systems Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.08. The business’s 50 day moving average price is $67.37 and its 200-day moving average price is $60.95.

BAE Systems Increases Dividend

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

Institutional Trading of BAE Systems

Several large investors have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new stake in BAE Systems during the fourth quarter worth about $18,702,000. Renaissance Group LLC bought a new stake in shares of BAE Systems during the 1st quarter worth approximately $7,239,000. Equitable Trust Co. boosted its position in shares of BAE Systems by 0.9% during the 1st quarter. Equitable Trust Co. now owns 57,841 shares of the aerospace company’s stock worth $3,944,000 after acquiring an additional 515 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in BAE Systems during the third quarter valued at approximately $2,710,000. Finally, AdvisorShares Investments LLC bought a new stake in BAE Systems during the fourth quarter worth $699,000. 0.21% of the stock is owned by institutional investors and hedge funds.

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.