Bae Systems (OTCMKTS:BAESY) Hits New 12-Month High – Should You Buy?

Bae Systems PLC (OTCMKTS:BAESY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $112.01 and last traded at $111.8574, with a volume of 522472 shares trading hands. The stock had previously closed at $110.25.

Wall Street Analyst Weigh In

BAESY has been the topic of several recent research reports. Erste Group Bank started coverage on Bae Systems in a research note on Friday, October 3rd. They issued a “buy” rating on the stock. Kepler Capital Markets raised Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group assumed coverage on Bae Systems in a report on Friday, September 19th. They set a “buy” rating for the company. Finally, Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Bae Systems Stock Performance

The business’s 50-day moving average price is $93.06 and its 200-day moving average price is $98.53.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Ramirez Asset Management Inc. increased its holdings in Bae Systems by 2.9% in the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock worth $7,084,000 after acquiring an additional 1,954 shares in the last quarter. First Merchants Corp increased its position in Bae Systems by 4.8% in the third quarter. First Merchants Corp now owns 65,230 shares of the aerospace company’s stock worth $7,233,000 after purchasing an additional 2,978 shares during the last quarter. Arrow Capital Pty Ltd bought a new position in Bae Systems during the third quarter valued at $5,531,000. L & S Advisors Inc grew its stake in shares of Bae Systems by 13.1% in the 3rd quarter. L & S Advisors Inc now owns 18,845 shares of the aerospace company’s stock worth $2,105,000 after buying an additional 2,176 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in shares of Bae Systems by 4.7% in the 4th quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock worth $1,188,000 after buying an additional 577 shares during the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

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.