BAE Systems plc (OTCMKTS:BAESY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $68.16 and traded as high as $69.40. BAE Systems shares last traded at $69.40, with a volume of 99,307 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised shares of BAE Systems from a "neutral" rating to a "buy" rating in a research report on Monday, July 29th.
View Our Latest Stock Report on BAE Systems
BAE Systems Stock Performance
The stock's 50 day simple moving average is $68.06 and its two-hundred day simple moving average is $68.16.
BAE Systems Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, December 9th. Investors of record on Friday, October 25th will be paid a dividend of $0.6333 per share. The ex-dividend date of this dividend is Friday, October 25th.
Hedge Funds Weigh In On BAE Systems
Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in BAE Systems by 20.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company's stock valued at $125,000 after acquiring an additional 322 shares during the period. Atlas Capital Advisors LLC lifted its stake in shares of BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock valued at $270,000 after acquiring an additional 1,650 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company's stock valued at $307,000 after purchasing an additional 1,042 shares in the last quarter. Confluence Investment Management LLC bought a new stake in BAE Systems during the 2nd quarter worth approximately $682,000. Finally, Altrius Capital Management Inc grew its stake in shares of BAE Systems by 2.3% in the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock worth $7,266,000 after purchasing an additional 2,470 shares during the last quarter. Institutional investors own 0.21% of the company's stock.
About BAE Systems
(
Get Free Report)
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.
Featured Articles
Before you consider BAE Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BAE Systems wasn't on the list.
While BAE Systems currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
