BAE Systems plc (OTCMKTS:BAESY) has earned an average rating of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company.
BAESY has been the subject of a number of analyst reports. Credit Suisse Group restated an “outperform” rating on shares of BAE Systems in a research report on Tuesday, January 19th. JPMorgan Chase & Co. restated an “overweight” rating on shares of BAE Systems in a report on Wednesday, March 10th. Zacks Investment Research lowered shares of BAE Systems from a “buy” rating to a “hold” rating in a report on Tuesday, April 6th. Sanford C. Bernstein upgraded shares of BAE Systems from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 30th. Finally, Barclays reaffirmed an “overweight” rating on shares of BAE Systems in a research note on Tuesday, January 5th.
Shares of BAESY stock traded up $0.32 on Tuesday, hitting $28.47. The stock had a trading volume of 71,366 shares, compared to its average volume of 328,332. BAE Systems has a 12-month low of $20.67 and a 12-month high of $29.76. The business has a 50 day moving average of $28.25 and a 200 day moving average of $26.91. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 0.96. The stock has a market cap of $22.94 billion, a price-to-earnings ratio of 13.96 and a beta of 1.17.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 8th. Shareholders of record on Friday, April 23rd will be given a dividend of $0.773 per share. This is an increase from BAE Systems’s previous Semi-Annual dividend of $0.70. The ex-dividend date of this dividend is Thursday, April 22nd. BAE Systems’s payout ratio is presently 75.98%.
Several hedge funds have recently made changes to their positions in BAESY. Schafer Cullen Capital Management Inc boosted its holdings in shares of BAE Systems by 10.6% during the 4th quarter. Schafer Cullen Capital Management Inc now owns 1,423,913 shares of the aerospace company’s stock valued at $38,659,000 after buying an additional 136,683 shares in the last quarter. Lapides Asset Management LLC bought a new position in BAE Systems in the 1st quarter worth about $724,000. Opus Capital Group LLC bought a new position in BAE Systems in the 4th quarter worth about $218,000. Finally, Captrust Financial Advisors lifted its stake in BAE Systems by 12.8% during the 4th quarter. Captrust Financial Advisors now owns 5,111 shares of the aerospace company’s stock valued at $139,000 after acquiring an additional 581 shares during the period. Hedge funds and other institutional investors own 0.30% of the company’s stock.
BAE Systems Company Profile
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.
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