NorthCoast Asset Management LLC purchased a new stake in shares of BAE Systems PLC (OTCMKTS:BAESY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 56,982 shares of the aerospace company’s stock, valued at approximately $1,767,000.
Separately, Parametric Portfolio Associates LLC increased its stake in BAE Systems by 7.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 543,682 shares of the aerospace company’s stock worth $18,757,000 after purchasing an additional 39,716 shares during the period. Hedge funds and other institutional investors own 0.45% of the company’s stock.
Several research firms recently weighed in on BAESY. Zacks Investment Research lowered BAE Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. UBS Group upgraded BAE Systems from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BAE Systems currently has a consensus rating of “Buy” and an average target price of $38.00.
BAE Systems PLC (BAESY) opened at $33.77 on Thursday. BAE Systems PLC has a one year low of $28.51 and a one year high of $35.23. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.87 and a current ratio of 0.98.
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About BAE Systems
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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