Shares of BAE Systems plc (OTCMKTS:BAESY) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company.
BAESY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of BAE Systems in a research report on Wednesday, March 10th. Zacks Investment Research downgraded shares of BAE Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, April 6th. Berenberg Bank reaffirmed a “buy” rating on shares of BAE Systems in a report on Tuesday, March 2nd. Sanford C. Bernstein raised shares of BAE Systems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BAE Systems in a research report on Wednesday, April 14th.
Several institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of BAE Systems by 12.8% during the fourth quarter. Captrust Financial Advisors now owns 5,111 shares of the aerospace company’s stock worth $139,000 after acquiring an additional 581 shares during the last quarter. Opus Capital Group LLC bought a new position in shares of BAE Systems during the fourth quarter worth about $218,000. Lapides Asset Management LLC bought a new position in shares of BAE Systems during the first quarter worth about $724,000. Finally, Schafer Cullen Capital Management Inc grew its position in BAE Systems by 10.6% in the 4th quarter. Schafer Cullen Capital Management Inc now owns 1,423,913 shares of the aerospace company’s stock valued at $38,659,000 after buying an additional 136,683 shares in the last quarter. Institutional investors and hedge funds own 0.30% of the company’s stock.
Shares of OTCMKTS:BAESY traded up $0.32 during mid-day trading on Tuesday, reaching $28.47. 71,366 shares of the company were exchanged, compared to its average volume of 328,332. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 0.96. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 13.96 and a beta of 1.17. The firm’s 50-day simple moving average is $28.25 and its 200 day simple moving average is $26.91. BAE Systems has a 1 year low of $20.67 and a 1 year high of $29.76.
The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 8th. Shareholders of record on Friday, April 23rd will be issued a dividend of $0.773 per share. This is a boost from BAE Systems’s previous Semi-Annual dividend of $0.70. The ex-dividend date is Thursday, April 22nd. BAE Systems’s dividend payout ratio is 75.98%.
BAE Systems Company Profile
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.
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