BAE Systems (OTCMKTS:BAESY) Hits New 1-Year High – Time to Buy?

BAE Systems plc (OTCMKTS:BAESY) shares reached a new 52-week high on Friday . The company traded as high as $96.26 and last traded at $95.55, with a volume of 254374 shares. The stock had previously closed at $93.24.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BAESY shares. Berenberg Bank cut shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BAE Systems in a research note on Monday, April 28th.

BAE Systems Trading Up 2.5 %

The company has a 50 day moving average of $85.89 and a 200 day moving average of $70.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91.

BAE Systems Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, April 22nd will be issued a $1.0442 dividend. This is a positive change from BAE Systems’s previous dividend of $0.63. The ex-dividend date is Tuesday, April 22nd.

Hedge Funds Weigh In On BAE Systems

Several institutional investors have recently added to or reduced their stakes in BAESY. First Horizon Advisors Inc. increased its holdings in shares of BAE Systems by 49.4% during the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company’s stock worth $51,000 after buying an additional 205 shares in the last quarter. First Merchants Corp acquired a new stake in BAE Systems during the 1st quarter valued at $4,598,000. GAMMA Investing LLC raised its position in BAE Systems by 26.0% in the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock valued at $186,000 after purchasing an additional 466 shares during the last quarter. Rhumbline Advisers raised its position in BAE Systems by 19.6% in the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 897 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in BAE Systems by 19.3% in the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company’s stock worth $903,000 after purchasing an additional 1,777 shares in the last quarter. 0.21% of the stock is owned by institutional investors.

About BAE Systems

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.