BAE Systems (OTCMKTS:BAESY) Hits New 12-Month High – Should You Buy?

BAE Systems plc (OTCMKTS:BAESY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $89.03 and last traded at $88.79, with a volume of 379471 shares trading hands. The stock had previously closed at $87.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BAESY shares. Bank of America reissued an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th. Berenberg Bank cut shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th.

BAE Systems Stock Performance

The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average price is $68.34 and its two-hundred day moving average price is $66.30.

Institutional Trading of BAE Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in shares of BAE Systems in the fourth quarter worth about $26,000. Principal Street Partners LLC increased its holdings in BAE Systems by 99.0% in the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 8,769 shares during the period. Sit Investment Associates Inc. increased its holdings in BAE Systems by 4.3% in the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after buying an additional 2,285 shares during the period. Dorsey Wright & Associates raised its position in BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after buying an additional 5,936 shares during the last quarter. Finally, Ramirez Asset Management Inc. lifted its stake in BAE Systems by 3.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after acquiring an additional 2,211 shares during the period. Institutional investors and hedge funds own 0.21% of the company’s stock.

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.