Bae Systems (OTCMKTS:BAESY – Get Free Report) was downgraded by research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
A number of other equities research analysts have also commented on the stock. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Bae Systems has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on Bae Systems
Bae Systems Stock Down 0.6%
Hedge Funds Weigh In On Bae Systems
Several institutional investors have recently made changes to their positions in BAESY. Altrius Capital Management Inc increased its position in Bae Systems by 5.5% in the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after buying an additional 4,911 shares in the last quarter. Ramirez Asset Management Inc. raised its holdings in Bae Systems by 6.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after buying an additional 4,527 shares during the last quarter. First Merchants Corp lifted its stake in shares of Bae Systems by 1.3% in the first quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock valued at $7,940,000 after buying an additional 854 shares in the last quarter. Arrow Capital Pty Ltd acquired a new position in shares of Bae Systems during the third quarter valued at about $5,531,000. Finally, Sit Investment Associates Inc. grew its holdings in shares of Bae Systems by 2.6% during the fourth quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock valued at $3,295,000 after buying an additional 910 shares during the last quarter. Institutional investors and hedge funds own 0.21% of the company’s stock.
Bae Systems Company Profile
BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.
BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.
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