Bae Systems (OTCMKTS:BAESY) Upgraded at Kepler Capital Markets

Bae Systems (OTCMKTS:BAESY) was upgraded by equities researchers at Kepler Capital Markets from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Bae Systems Stock Performance

Bae Systems stock opened at $96.17 on Wednesday. The company has a fifty day simple moving average of $107.11 and a 200 day simple moving average of $108.25. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Bae Systems has a 1-year low of $84.50 and a 1-year high of $126.00.

Institutional Trading of Bae Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrow Capital Pty Ltd bought a new stake in shares of Bae Systems during the 3rd quarter worth approximately $5,531,000. Altrius Capital Management Inc raised its holdings in Bae Systems by 5.5% in the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after buying an additional 4,911 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Bae Systems during the fourth quarter worth $250,000. First Merchants Corp increased its stake in shares of Bae Systems by 3.6% in the fourth quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock valued at $6,231,000 after buying an additional 2,338 shares during the period. Finally, Confluence Investment Management LLC raised its holdings in Bae Systems by 4.7% during the 4th quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock worth $1,188,000 after purchasing an additional 577 shares during the last quarter. Institutional investors 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.