BAE Systems plc (OTCMKTS:BAESY) Shares Acquired by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. boosted its holdings in BAE Systems plc (OTCMKTS:BAESY) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 67,760 shares of the aerospace company’s stock after acquiring an additional 2,211 shares during the period. Ramirez Asset Management Inc.’s holdings in BAE Systems were worth $3,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Dorsey Wright & Associates grew its position in shares of BAE Systems by 11.7% during the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after acquiring an additional 5,936 shares during the last quarter. Altrius Capital Management Inc boosted its stake in BAE Systems by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after purchasing an additional 3,662 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in BAE Systems in the 4th quarter worth about $26,000. Institutional investors own 0.21% of the company’s stock.

Analysts Set New Price Targets

BAESY has been the topic of a number of recent analyst reports. Bank of America reaffirmed an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th. Berenberg Bank lowered BAE Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th.

BAE Systems Stock Performance

Shares of BAESY opened at $83.01 on Friday. BAE Systems plc has a 52-week low of $56.19 and a 52-week high of $89.03. The firm has a 50-day moving average price of $71.34 and a 200 day moving average price of $66.92. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72.

BAE Systems Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, April 22nd will be paid a dividend of $1.0442 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from BAE Systems’s previous dividend of $0.63.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. 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 capabilities, space electronics, and electric drive propulsion systems.