BAE Systems (OTCMKTS:BAESY) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

BAE Systems plc (OTCMKTS:BAESY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $68.12 and traded as high as $69.20. BAE Systems shares last traded at $68.88, with a volume of 124,782 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup raised shares of BAE Systems from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th.

BAE Systems Stock Performance

The stock’s 50-day moving average is $68.63 and its 200-day moving average is $68.12.

BAE Systems Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.6333 per share. The ex-dividend date of this dividend is Friday, October 25th.

Institutional Investors Weigh In On BAE Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in BAE Systems by 16.4% in the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock worth $107,000 after buying an additional 218 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares during the period. Rhumbline Advisers grew its holdings in BAE Systems by 29.3% in the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock valued at $307,000 after purchasing an additional 1,042 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in BAE Systems during the second quarter worth approximately $682,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.