BAE Systems plc (BAESY) to Issue Dividend of $0.90 on June 10th

BAE Systems plc (OTCMKTS:BAESY) announced a dividend on Tuesday, March 19th, NASDAQ reports. Stockholders 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 is Thursday, April 18th. This is a boost from BAE Systems’s previous dividend of $0.55.

BAE Systems Price Performance

OTCMKTS:BAESY opened at $67.13 on Tuesday. 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 has a 52 week low of $46.19 and a 52 week high of $70.49. The firm’s 50-day simple moving average is $65.83 and its 200 day simple moving average is $59.09.

Institutional Investors Weigh In On BAE Systems

Several hedge funds have recently added to or reduced their stakes in BAESY. Captrust Financial Advisors boosted its holdings in BAE Systems by 42.3% in the first quarter. Captrust Financial Advisors now owns 1,002 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 298 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of BAE Systems by 16.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,633 shares of the aerospace company’s stock valued at $176,000 after purchasing an additional 642 shares during the last quarter. Rhumbline Advisers increased its position in shares of BAE Systems by 241.0% during the third quarter. Rhumbline Advisers now owns 2,056 shares of the aerospace company’s stock worth $102,000 after buying an additional 1,453 shares during the period. Atlas Capital Advisors LLC raised its stake in BAE Systems by 290.3% during the fourth quarter. Atlas Capital Advisors LLC now owns 2,736 shares of the aerospace company’s stock worth $158,000 after buying an additional 2,035 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in BAE Systems in the first quarter valued at $214,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BNP Paribas cut 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 issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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, 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.