BAE Systems (OTCMKTS:BAESY) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

BAE Systems plc (OTCMKTS:BAESY - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $71.89 and traded as high as $88.82. BAE Systems shares last traded at $88.71, with a volume of 228,372 shares changing hands.

Wall Street Analysts Forecast Growth

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

BAE Systems Trading Up 0.6%

The company's 50 day moving average is $88.37 and its 200 day moving average is $72.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03.

BAE Systems Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, April 22nd will be paid a dividend of $1.0442 per share. This is a positive change from BAE Systems's previous dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 22nd.

Institutional Investors Weigh In On BAE Systems

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in shares of BAE Systems in the 4th quarter valued at approximately $26,000. Altrius Capital Management Inc lifted its holdings in shares of BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock valued at $6,469,000 after buying an additional 3,662 shares during the period. Ramirez Asset Management Inc. lifted 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 valued at $3,899,000 after buying an additional 2,211 shares during the period. Sit Investment Associates Inc. raised 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 worth $3,166,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in BAE Systems by 19.3% during the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock worth $903,000 after purchasing an additional 1,777 shares during the last quarter. Institutional investors and hedge funds own 0.21% of the company's stock.

BAE Systems Company Profile

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.