Bae Systems (OTCMKTS:BAESY) Sees Large Volume Increase – Should You Buy?

Shares of Bae Systems PLC (OTCMKTS:BAESY) saw an uptick in trading volume on Thursday . 1,813,445 shares changed hands during mid-day trading, an increase of 321% from the previous session’s volume of 431,053 shares.The stock last traded at $90.28 and had previously closed at $88.55.

Analysts Set New Price Targets

BAESY has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Bae Systems in a research note on Friday, September 19th. They issued a “buy” rating on the stock. Erste Group Bank assumed coverage on Bae Systems in a research report on Friday, October 3rd. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bae Systems presently has an average rating of “Moderate Buy”.

Bae Systems Stock Performance

The company has a 50-day moving average of $98.50 and a 200 day moving average of $100.14.

Hedge Funds Weigh In On Bae Systems

Hedge funds have recently added to or reduced their stakes in the stock. Arrow Capital Pty Ltd purchased a new position in Bae Systems in the 3rd quarter valued at $5,531,000. Corient IA LLC acquired a new stake in Bae Systems during the first quarter worth approximately $805,000. First Merchants Corp increased its position in Bae Systems by 9.0% during the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after purchasing an additional 5,144 shares during the last quarter. L & S Advisors Inc raised its stake in Bae Systems by 27.2% during the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after purchasing an additional 3,562 shares during the period. Finally, Ramirez Asset Management Inc. grew its position in Bae Systems by 2.9% during the second quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock valued at $7,084,000 after acquiring an additional 1,954 shares during the period. 0.21% of the stock is currently 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.