BAE Systems plc (OTCMKTS:BAESY - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $88.00 and last traded at $87.86, with a volume of 276936 shares traded. The stock had previously closed at $84.74.
Wall Street Analysts Forecast Growth
BAESY has been the topic of a number of research reports. Berenberg Bank downgraded shares of BAE Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Bank of America restated an "underperform" rating on shares of BAE Systems in a research report on Friday, November 29th.
Read Our Latest Stock Analysis on BAESY
BAE Systems Stock Performance
The business's 50-day moving average is $67.14 and its two-hundred day moving average is $66.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91.
Hedge Funds Weigh In On BAE Systems
Several hedge funds have recently made changes to their positions in BAESY. Nisa Investment Advisors LLC bought a new position in shares of BAE Systems in the fourth quarter valued at $26,000. Ramirez Asset Management Inc. lifted its holdings in BAE Systems by 3.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock valued at $3,899,000 after purchasing an additional 2,211 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in BAE Systems by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock valued at $3,166,000 after purchasing an additional 2,285 shares during the last quarter. Altrius Capital Management Inc lifted its holdings in BAE Systems by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock valued at $6,469,000 after purchasing an additional 3,662 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its holdings in BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company's stock valued at $3,775,000 after purchasing an additional 5,936 shares during the last quarter. 0.21% of the stock is owned by institutional investors.
About BAE Systems
(
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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.
Further Reading
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