BAE Systems plc (OTCMKTS:BAESY) Shares Purchased by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. raised its stake in BAE Systems plc (OTCMKTS:BAESY) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,760 shares of the aerospace company’s stock after purchasing an additional 2,211 shares during the quarter. Ramirez Asset Management Inc.’s holdings in BAE Systems were worth $3,899,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Dorsey Wright & Associates grew its holdings in shares of 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 purchasing an additional 5,936 shares during the period. Nisa Investment Advisors LLC purchased a new stake in BAE Systems during the fourth quarter worth approximately $26,000. Finally, Altrius Capital Management Inc increased its position in shares of BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock worth $6,469,000 after acquiring an additional 3,662 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAESY has been the subject of a number of research reports. Berenberg Bank cut shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Bank of America reiterated an “underperform” rating on shares of BAE Systems in a research note on Friday, November 29th.

BAE Systems Price Performance

Shares of BAESY stock opened at $83.01 on Friday. BAE Systems plc has a twelve month low of $56.19 and a twelve month high of $89.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03. The firm has a fifty day simple moving average of $71.34 and a 200-day simple moving average of $66.92.

BAE Systems Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $1.0442 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from BAE Systems’s previous dividend of $0.63.

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.