Bae Systems (OTCMKTS:BAESY) Sets New 1-Year High – Here’s Why

Shares of Bae Systems PLC (OTCMKTS:BAESY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $123.92 and last traded at $123.04, with a volume of 17381 shares trading hands. The stock had previously closed at $122.19.

Analyst Ratings Changes

Several research analysts have commented on BAESY shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Sanford C. Bernstein cut shares of Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Finally, Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Bae Systems presently has an average rating of “Moderate Buy”.

Bae Systems Trading Up 1.1%

The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $112.05 and a two-hundred day moving average price of $102.80.

Institutional Investors Weigh In On Bae Systems

A number of hedge funds have recently made changes to their positions in BAESY. Salomon & Ludwin LLC lifted its holdings in Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Bae Systems by 73.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in Bae Systems during the 3rd quarter worth approximately $44,000. Atlas Capital Advisors Inc. bought a new position in Bae Systems in the 4th quarter worth approximately $98,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Bae Systems by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock worth $157,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 0.21% of the company’s stock.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.