BAE Systems plc (OTCMKTS:BAESY) Increases Dividend to $0.90 Per Share

BAE Systems plc (OTCMKTS:BAESY - Get Free Report) declared a dividend on Tuesday, March 19th, NASDAQ reports. Shareholders of record on Friday, April 19th will be given a dividend of 0.9029 per share by the aerospace company on Monday, June 10th. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from BAE Systems's previous dividend of $0.55.

BAE Systems Price Performance

Shares of BAESY traded up $0.94 during mid-day trading on Tuesday, reaching $68.57. The company had a trading volume of 92,338 shares, compared to its average volume of 272,795. BAE Systems has a twelve month low of $46.12 and a twelve month high of $68.76. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The company's 50-day moving average is $62.80 and its 200-day moving average is $56.79.

Institutional Trading of BAE Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Silvercrest Asset Management Group LLC lifted its position in shares of BAE Systems by 96.1% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 227,373 shares of the aerospace company's stock worth $11,050,000 after buying an additional 111,419 shares during the last quarter. Thomas White International Ltd. grew its position in BAE Systems by 251.2% in 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 during the last quarter. Colony Group LLC bought a new position in BAE Systems in the second quarter valued at about $913,000. Principal Street Partners LLC bought a new position in BAE Systems in the fourth quarter valued at about $450,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of BAE Systems during the second quarter worth about $177,000. Institutional investors and hedge funds own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BNP Paribas lowered BAE Systems from a "neutral" rating to an "underperform" rating in a research report on Thursday, January 18th. One equities 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $1,142.00.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.

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