Bae Systems (OTCMKTS:BAESY) Shares Gap Up – Time to Buy?

Shares of Bae Systems PLC (OTCMKTS:BAESY) gapped up prior to trading on Thursday . The stock had previously closed at $104.63, but opened at $109.90. Bae Systems shares last traded at $111.31, with a volume of 125,538 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BAESY shares. Erste Group Bank assumed coverage on Bae Systems in a report on Friday, October 3rd. They issued a “buy” rating for the company. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group assumed coverage on shares of Bae Systems in a research note on Friday, September 19th. They issued a “buy” rating for the company. Finally, Sanford C. Bernstein cut Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Bae Systems Stock Performance

The firm’s 50 day moving average is $92.80 and its 200 day moving average is $98.44.

Institutional Trading of Bae Systems

Institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC increased its position in Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after buying an additional 252 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Bae Systems by 73.0% in the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Bae Systems during the third quarter worth about $44,000. First Horizon Advisors Inc. increased its holdings in shares of Bae Systems by 68.7% during the second quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 426 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Bae Systems by 25.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 578 shares during the last quarter. Institutional investors and hedge funds own 0.21% of the company’s stock.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.