BAE Systems plc (OTCMKTS:BAESY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $70.14 and traded as high as $93.17. BAE Systems shares last traded at $93.17, with a volume of 493,268 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Berenberg Bank cut BAE Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of BAE Systems in a report on Monday, April 28th.
Read Our Latest Report on BAE Systems
BAE Systems Stock Performance
The business has a 50-day simple moving average of $85.89 and a 200-day simple moving average of $70.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91.
BAE Systems Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, April 22nd will be issued a dividend of $1.0442 per share. This is a boost from BAE Systems's previous dividend of $0.63. The ex-dividend date is Tuesday, April 22nd.
Institutional Trading of BAE Systems
Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC purchased a new stake in BAE Systems during the 4th quarter worth approximately $26,000. First Horizon Advisors Inc. increased its position in shares of BAE Systems by 49.4% during the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock worth $51,000 after acquiring an additional 205 shares during the period. GAMMA Investing LLC raised its stake in shares of BAE Systems by 26.0% in the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock valued at $186,000 after acquiring an additional 466 shares in the last quarter. Rhumbline Advisers boosted its holdings in BAE Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock valued at $451,000 after purchasing an additional 897 shares during the period. Finally, Confluence Investment Management LLC grew its stake in BAE Systems by 19.3% during the 1st 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 in the last quarter. 0.21% of the stock is currently owned by hedge funds and other institutional investors.
About BAE Systems
(
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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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