BAE Systems (OTCMKTS:BAESY) Sets New 52-Week High – Still a Buy?

BAE Systems plc (OTCMKTS:BAESY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $88.00 and last traded at $87.86, with a volume of 276936 shares. The stock had previously closed at $84.74.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BAESY. Bank of America reaffirmed an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th. Berenberg Bank downgraded BAE Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th.

BAE Systems Price Performance

The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $66.55 and a 200-day moving average of $65.97.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BAESY. Principal Street Partners LLC raised its position in shares of BAE Systems by 99.0% in the 3rd quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 8,769 shares in the last quarter. Dorsey Wright & Associates boosted 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 valued at $3,775,000 after purchasing an additional 5,936 shares during the last quarter. Altrius Capital Management Inc boosted its stake in BAE Systems by 3.3% during the 4th 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 last quarter. Sit Investment Associates Inc. boosted its stake in BAE Systems by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock valued at $3,166,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its stake in shares of BAE Systems by 3.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock worth $3,899,000 after buying an additional 2,211 shares during the last quarter. 0.21% of the stock is owned by institutional investors.

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.