Dorsey Wright & Associates cut its holdings in shares of BAE Systems plc (OTCMKTS:BAESY - Free Report) by 23.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,256 shares of the aerospace company's stock after selling 13,600 shares during the period. Dorsey Wright & Associates' holdings in BAE Systems were worth $2,489,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in BAE Systems during the 4th quarter worth approximately $26,000. Altrius Capital Management Inc increased its holdings in shares of BAE Systems by 3.3% during the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock worth $6,469,000 after buying an additional 3,662 shares in the last quarter. Finally, Ramirez Asset Management Inc. increased its holdings in shares of 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 in the last quarter. Institutional investors own 0.21% of the company's stock.
BAE Systems Stock Up 0.9 %
OTCMKTS:BAESY traded up $0.74 during mid-day trading on Wednesday, hitting $82.97. 326,851 shares of the company's stock were exchanged, compared to its average volume of 614,134. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. BAE Systems plc has a fifty-two week low of $56.19 and a fifty-two week high of $89.03. The company has a 50 day simple moving average of $72.67 and a 200-day simple moving average of $67.18.
BAE Systems Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $1.0442 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from BAE Systems's previous dividend of $0.63.
Analyst Ratings Changes
Separately, Berenberg Bank cut BAE Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th.
View Our Latest Stock Analysis on BAE Systems
BAE Systems Profile
(
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.
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