BAE Systems (OTCMKTS:BAESY) Upgraded to “Buy” at Bank of America

BAE Systems (OTCMKTS:BAESY) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “buy” rating in a research report issued on Tuesday,Briefing.com Automated Import reports.

A number of other equities analysts have also recently weighed in on the company. Berenberg Bank cut BAE Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BAE Systems in a report on Monday, April 28th.

BAE Systems Trading Down 0.6%

Shares of OTCMKTS:BAESY opened at $104.92 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems has a 12 month low of $56.19 and a 12 month high of $109.82. The stock’s 50 day moving average price is $94.24 and its 200 day moving average price is $76.56.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Altrius Capital Management Inc increased its stake in shares of BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares during the period. Ramirez Asset Management Inc. boosted its holdings in shares of BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after buying an additional 2,211 shares during the period. Sit Investment Associates Inc. boosted its holdings in shares of BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after buying an additional 2,285 shares during the period. Confluence Investment Management LLC increased its position in shares of BAE Systems by 19.3% during the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company’s stock worth $903,000 after acquiring an additional 1,777 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of BAE Systems by 10,259.0% during the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company’s stock worth $15,282,000 after acquiring an additional 184,046 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

About BAE Systems

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.