BAE Systems plc (OTCMKTS:BAESY) to Issue Dividend of $0.90

BAE Systems plc (OTCMKTS:BAESY) declared a dividend on Tuesday, March 19th, NASDAQ reports. Investors of record on Friday, April 19th will be paid a dividend of 0.9029 per share by the aerospace company on Monday, June 10th. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from BAE Systems’s previous dividend of $0.55.

BAE Systems Trading Up 1.3 %

Shares of BAESY stock opened at $67.13 on Wednesday. The business’s fifty day moving average price is $65.93 and its 200 day moving average price is $59.21. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. BAE Systems has a 1-year low of $46.19 and a 1-year high of $70.49.

Analyst Ratings Changes

Separately, BNP Paribas downgraded BAE Systems from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,142.00.

Institutional Trading of BAE Systems

Institutional investors and hedge funds have recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC increased its stake in BAE Systems by 96.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 227,373 shares of the aerospace company’s stock valued at $11,050,000 after purchasing an additional 111,419 shares during the last quarter. Thomas White International Ltd. increased its stake in BAE Systems by 251.2% in the fourth quarter. Thomas White International Ltd. now owns 51,979 shares of the aerospace company’s stock valued at $2,141,000 after purchasing an additional 37,179 shares during the last quarter. Colony Group LLC acquired a new position in BAE Systems in the second quarter valued at $913,000. Principal Street Partners LLC acquired a new position in BAE Systems in the fourth quarter valued at $450,000. Finally, Atlas Capital Advisors LLC acquired a new position in BAE Systems in the second quarter valued at $177,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

About BAE Systems

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.