BAE Systems (OTCMKTS:BAESY) Reaches New 52-Week High – Still a Buy?

BAE Systems plc (OTCMKTS:BAESY) reached a new 52-week high during trading on Thursday . The stock traded as high as $89.03 and last traded at $88.79, with a volume of 379471 shares. The stock had previously closed at $87.74.

Analyst Upgrades and Downgrades

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

BAE Systems Price Performance

The business has a fifty day moving average price of $69.40 and a two-hundred day moving average price of $66.53. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72.

Hedge Funds Weigh In On BAE Systems

Hedge funds have recently made changes to their positions in the stock. Principal Street Partners LLC raised its position in BAE Systems by 99.0% in the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after purchasing an additional 8,769 shares during the period. Altrius Capital Management Inc raised its holdings in shares of BAE Systems by 3.3% in the 4th 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. Nisa Investment Advisors LLC acquired a new position in BAE Systems during the 4th quarter worth about $26,000. Dorsey Wright & Associates boosted its holdings in BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after acquiring an additional 5,936 shares during the period. Finally, Sit Investment Associates Inc. increased 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 purchasing an additional 2,285 shares during the period. 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.