BAE Systems plc (OTCMKTS:BAESY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $68.12 and traded as high as $69.20. BAE Systems shares last traded at $68.88, with a volume of 124,782 shares.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded BAE Systems from a "neutral" rating to a "buy" rating in a research note on Monday, July 29th.
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BAE Systems Stock Performance
The business's 50-day moving average price is $68.63 and its 200 day moving average price is $68.12.
BAE Systems Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, December 9th. Stockholders 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.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Confluence Investment Management LLC purchased a new position in shares of BAE Systems during the 2nd quarter valued at approximately $682,000. GAMMA Investing LLC boosted its stake in BAE Systems by 16.4% during the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company's stock valued at $107,000 after acquiring an additional 218 shares during the last quarter. Rhumbline Advisers increased its position in shares of BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company's stock worth $307,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its position in shares of BAE Systems by 68.9% during the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock worth $270,000 after purchasing an additional 1,650 shares during the last quarter. Hedge funds and other 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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