BAE Systems (OTCMKTS:BAESY) Reaches New 12-Month High – Still a Buy?

BAE Systems plc (OTCMKTS:BAESY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $87.44 and last traded at $86.65, with a volume of 3226217 shares changing hands. The stock had previously closed at $84.70.

Analysts Set New Price Targets

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

BAE Systems Trading Up 2.3 %

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.03. The firm has a fifty day moving average price of $62.79 and a two-hundred day moving average price of $65.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. raised its position in BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares during the period. Ramirez Asset Management Inc. lifted its position in 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. Altrius Capital Management Inc grew its holdings in 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 during the period. Nisa Investment Advisors LLC purchased a new stake in BAE Systems in the 4th quarter worth approximately $26,000. Finally, Dorsey Wright & Associates raised its stake in BAE Systems by 11.7% during the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after acquiring an additional 5,936 shares during the period. 0.21% of the stock is owned by hedge funds and other institutional investors.

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.