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

BAE Systems plc (OTCMKTS:BAESY) shares hit a new 52-week high during trading on Friday . The stock traded as high as $73.75 and last traded at $73.14, with a volume of 1698240 shares. The stock had previously closed at $71.13.

Analyst Upgrades and Downgrades

Separately, Bank of America restated an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th.

BAE Systems Stock Up 2.8 %

The company’s fifty day simple moving average is $61.09 and its 200 day simple moving average is $64.89. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72.

Hedge Funds Weigh In On BAE Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Altrius Capital Management Inc increased its stake in shares of BAE Systems by 3.3% during the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after purchasing an additional 3,662 shares in the last quarter. Ramirez Asset Management Inc. increased its stake in shares of BAE Systems by 3.4% during the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after purchasing an additional 2,211 shares in the last quarter. Dorsey Wright & Associates increased its stake in shares of BAE Systems by 11.7% during the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after purchasing an additional 5,936 shares in the last quarter. Sit Investment Associates Inc. increased its stake in shares of BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Principal Street Partners LLC increased its stake in shares of BAE Systems by 99.0% during 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 in the last quarter. Institutional investors own 0.21% of the company’s stock.

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.