Dorsey Wright & Associates lowered its position in shares of BAE Systems plc (OTCMKTS:BAESY - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,256 shares of the aerospace company's stock after selling 13,600 shares during the quarter. Dorsey Wright & Associates' holdings in BAE Systems were worth $2,489,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in BAESY. Nisa Investment Advisors LLC acquired a new stake in shares of BAE Systems in the fourth quarter valued at about $26,000. Ramirez Asset Management Inc. raised its stake 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 purchasing an additional 2,211 shares in the last quarter. Finally, Altrius Capital Management Inc raised its stake in 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 buying an additional 3,662 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company's stock.
Analyst Ratings Changes
Separately, Berenberg Bank lowered shares of BAE Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th.
Read Our Latest Analysis on BAE Systems
BAE Systems Stock Down 0.2 %
BAESY traded down $0.20 during trading hours on Thursday, hitting $82.77. The company's stock had a trading volume of 373,160 shares, compared to its average volume of 610,246. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. BAE Systems plc has a fifty-two week low of $56.19 and a fifty-two week high of $89.03. The company has a 50-day simple moving average of $73.09 and a 200 day simple moving average of $67.29.
BAE Systems Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $1.0442 per share. The ex-dividend date is Tuesday, April 22nd. This is an increase from BAE Systems's previous dividend of $0.63.
BAE Systems Company Profile
(
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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