BAE Systems (OTCMKTS:BAESY) Hits New 12-Month High at $70.49

BAE Systems plc (OTCMKTS:BAESY - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $70.49 and last traded at $69.10, with a volume of 69318 shares changing hands. The stock had previously closed at $69.35.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut shares of BAE Systems from a "neutral" rating to an "underperform" rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $1,142.00.

BAE Systems Stock Down 0.2 %

The firm's fifty day simple moving average is $64.40 and its 200 day simple moving average is $57.89. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

BAE Systems Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, April 19th will be issued a $0.9029 dividend. This is a boost from BAE Systems's previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, April 18th.

Institutional Trading of BAE Systems

A number of hedge funds have recently made changes to their positions in BAESY. Pacer Advisors Inc. purchased a new stake in shares of BAE Systems in the fourth quarter worth approximately $18,702,000. Silvercrest Asset Management Group LLC raised its position in BAE Systems by 96.1% during the first quarter. Silvercrest Asset Management Group LLC now owns 227,373 shares of the aerospace company's stock valued at $11,050,000 after acquiring an additional 111,419 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in BAE Systems during the third quarter valued at approximately $2,710,000. Thomas White International Ltd. raised its position in BAE Systems by 251.2% during the fourth quarter. Thomas White International Ltd. now owns 51,979 shares of the aerospace company's stock valued at $2,141,000 after acquiring an additional 37,179 shares in the last quarter. Finally, Colony Group LLC bought a new position in BAE Systems during the second quarter valued at approximately $913,000. 0.21% of the stock is owned by hedge funds and other institutional investors.

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.