Principal Street Partners LLC Boosts Stock Position in BAE Systems plc (OTCMKTS:BAESY)

Principal Street Partners LLC raised its position in BAE Systems plc (OTCMKTS:BAESY) by 99.0% during the third quarter, Holdings Channel.com reports. The firm owned 17,628 shares of the aerospace company’s stock after buying an additional 8,769 shares during the period. Principal Street Partners LLC’s holdings in BAE Systems were worth $1,178,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of BAE Systems by 20.8% during the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 322 shares during the last quarter. Atlas Capital Advisors LLC lifted its position in BAE Systems by 68.9% during the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after buying an additional 1,650 shares during the period. Rhumbline Advisers lifted its position in BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after buying an additional 1,042 shares during the period. Confluence Investment Management LLC acquired a new stake in BAE Systems in the 2nd quarter worth about $682,000. Finally, Altrius Capital Management Inc grew its holdings in BAE Systems by 2.3% in the 3rd quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company’s stock valued at $7,266,000 after buying an additional 2,470 shares during the period. 0.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

BAE Systems Price Performance

Shares of BAESY opened at $65.31 on Tuesday. BAE Systems plc has a one year low of $51.72 and a one year high of $72.81. The stock has a 50-day moving average price of $67.62 and a 200 day moving average price of $68.12.

BAE Systems Cuts Dividend

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

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.