Shares of Bae Systems PLC (OTCMKTS:BAESY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $99.68, but opened at $105.49. Bae Systems shares last traded at $106.60, with a volume of 16,708 shares.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Kepler Capital Markets raised Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Finally, Erste Group Bank lowered shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Bae Systems presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on BAESY
Bae Systems Price Performance
Institutional Trading of Bae Systems
Several institutional investors and hedge funds have recently bought and sold shares of BAESY. Altrius Capital Management Inc raised its holdings in shares of Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after purchasing an additional 4,911 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in Bae Systems by 6.8% in the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock valued at $6,512,000 after purchasing an additional 4,527 shares during the last quarter. First Merchants Corp grew its position in Bae Systems by 1.3% during the 1st quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after purchasing an additional 854 shares during the period. Arrow Capital Pty Ltd purchased a new position in shares of Bae Systems during the 3rd quarter valued at about $5,531,000. Finally, Sit Investment Associates Inc. raised its stake in shares of Bae Systems by 2.6% during the 4th 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. 0.21% of the stock is currently owned by institutional investors and hedge funds.
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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