BAE Systems (OTCMKTS:BAESY) Reaches New 12-Month High - Still a Buy?

BAE Systems plc (OTCMKTS:BAESY - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $89.03 and last traded at $88.79, with a volume of 379471 shares trading hands. The stock had previously closed at $87.74.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BAESY shares. Berenberg Bank cut shares of BAE Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Bank of America reissued an "underperform" rating on shares of BAE Systems in a research report on Friday, November 29th.

BAE Systems Trading Down 2.8 %

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03. The stock's 50 day simple moving average is $69.40 and its 200-day simple moving average is $66.51.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BAESY. Altrius Capital Management Inc increased its stake in shares of BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock worth $6,469,000 after acquiring an additional 3,662 shares during the period. Ramirez Asset Management Inc. increased its stake in shares of BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock worth $3,899,000 after acquiring an additional 2,211 shares during the period. Dorsey Wright & Associates increased its stake in shares of BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company's stock worth $3,775,000 after acquiring an additional 5,936 shares during the period. Sit Investment Associates Inc. increased its stake in shares of BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after acquiring an additional 2,285 shares during the period. Finally, Principal Street Partners LLC grew its position in BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company's stock valued at $1,178,000 after buying an additional 8,769 shares during the period. Institutional investors and hedge funds own 0.21% of the company's stock.

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BAE Systems Company Profile

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.