BAE Systems plc (OTCMKTS:BAESY - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $87.44 and last traded at $86.65, with a volume of 3226217 shares trading hands. The stock had previously closed at $84.70.
Wall Street Analyst Weigh In
A number of brokerages recently commented on BAESY. Bank of America restated an "underperform" rating on shares of BAE Systems in a research note on Friday, November 29th. Berenberg Bank lowered BAE Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday.
Check Out Our Latest Stock Analysis on BAE Systems
BAE Systems Trading Up 3.1 %
The firm has a fifty day moving average of $64.84 and a 200-day moving average of $65.61. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72.
Hedge Funds Weigh In On BAE Systems
Several hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in BAE Systems during the fourth quarter worth about $26,000. Principal Street Partners LLC boosted its holdings 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 worth $1,178,000 after buying an additional 8,769 shares during the last quarter. Sit Investment Associates Inc. boosted its holdings in BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after buying an additional 2,285 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in BAE Systems by 11.7% during the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company's stock worth $3,775,000 after buying an additional 5,936 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its holdings in BAE Systems by 3.4% during the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock worth $3,899,000 after buying an additional 2,211 shares during the last quarter. Institutional investors own 0.21% of the company's stock.
BAE Systems Company Profile
(
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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.
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