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

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

Wall Street Analysts Forecast Growth

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

BAE Systems Trading Up 0.8 %

The stock has a fifty day moving average price of $67.25 and a 200 day moving average price of $60.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.08.

BAE Systems Increases Dividend

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

Institutional Inflows and Outflows

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