BAE Systems (OTCMKTS:BAESY) Sets New 12-Month High - Here's Why

BAE Systems plc (OTCMKTS:BAESY - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $96.26 and last traded at $95.55, with a volume of 254374 shares trading hands. The stock had previously closed at $93.24.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BAE Systems in a research note on Monday, April 28th. Berenberg Bank cut BAE Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th.

BAE Systems Trading Down 3.2 %

The firm has a fifty day moving average price of $87.33 and a 200-day moving average price of $71.38. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72.

BAE Systems Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, April 22nd will be paid a $1.0442 dividend. This is a boost from BAE Systems's previous dividend of $0.63. The ex-dividend date is Tuesday, April 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of BAE Systems by 10,259.0% during the 1st quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock worth $15,282,000 after buying an additional 184,046 shares in the last quarter. Altrius Capital Management Inc increased its position 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 valued at $6,469,000 after acquiring an additional 3,662 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of BAE Systems by 3.4% in the 4th 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. First Merchants Corp purchased a new position in BAE Systems in the first quarter valued at about $4,598,000. Finally, Sit Investment Associates Inc. grew 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 valued at $3,166,000 after purchasing an additional 2,285 shares during the period. 0.21% of the stock is owned by institutional investors.

About BAE Systems

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.