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

BAE Systems plc (OTCMKTS:BAESY) shares reached a new 52-week high on Friday . The company traded as high as $88.00 and last traded at $87.86, with a volume of 276936 shares traded. The stock had previously closed at $84.74.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America restated an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th. Berenberg Bank downgraded shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday.

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 company’s fifty day moving average is $65.94 and its 200 day moving average is $65.87.

Hedge Funds Weigh In On BAE Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Altrius Capital Management Inc increased its position in shares of BAE Systems by 3.3% during the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares during the period. Ramirez Asset Management Inc. increased its position in shares of BAE Systems by 3.4% during the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after buying an additional 2,211 shares during the period. Dorsey Wright & Associates boosted its stake in BAE Systems by 11.7% during the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after acquiring an additional 5,936 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Principal Street Partners LLC boosted its stake in BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 8,769 shares in the last quarter. Hedge funds and other institutional investors 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.