Shares of BAE Systems plc (OTCMKTS:BAESY - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $76.16 and traded as high as $106.97. BAE Systems shares last traded at $105.55, with a volume of 252,686 shares.
Wall Street Analysts Forecast Growth
BAESY has been the topic of a number of research reports. Bank of America raised shares of BAE Systems from an "underperform" rating to a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of BAE Systems in a research note on Monday, April 28th. Finally, Berenberg Bank lowered shares of BAE Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th.
Check Out Our Latest Analysis on BAESY
BAE Systems Price Performance
The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. The stock has a fifty day moving average price of $94.24 and a 200 day moving average price of $76.56.
Institutional Investors Weigh In On BAE Systems
A number of institutional investors and hedge funds have recently modified their holdings of BAESY. Altrius Capital Management Inc increased its holdings in shares of BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock worth $6,469,000 after purchasing an additional 3,662 shares during the period. Ramirez Asset Management Inc. grew its position 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 in the last quarter. Sit Investment Associates Inc. grew its position 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 in the last quarter. Confluence Investment Management LLC increased its stake in BAE Systems by 19.3% in the 1st quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock worth $903,000 after acquiring an additional 1,777 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of BAE Systems by 10,259.0% in the 1st quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock valued at $15,282,000 after acquiring an additional 184,046 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.
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.
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