According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “
Separately, Jefferies Group LLC reaffirmed a hold rating on shares of BAE Systems PLC in a research report on Saturday, February 25th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $33.00.
Shares of BAE Systems PLC (OTCMKTS:BAESY) opened at 32.22 on Monday. The company’s 50 day moving average price is $32.02 and its 200-day moving average price is $29.69. The stock has a market capitalization of $25.57 billion, a P/E ratio of 22.38 and a beta of 0.90. BAE Systems PLC has a 12 month low of $24.52 and a 12 month high of $33.02.
Hedge funds have recently modified their holdings of the company. Paradigm Asset Management Co. LLC boosted its stake in shares of BAE Systems PLC by 45.8% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 3,500 shares of the company’s stock worth $102,000 after buying an additional 1,100 shares in the last quarter. Logan Capital Management Inc. boosted its stake in shares of BAE Systems PLC by 2.2% in the third quarter. Logan Capital Management Inc. now owns 29,364 shares of the company’s stock worth $799,000 after buying an additional 626 shares in the last quarter. Finally, Cypress Asset Management Inc. TX boosted its stake in shares of BAE Systems PLC by 2.9% in the third quarter. Cypress Asset Management Inc. TX now owns 59,850 shares of the company’s stock worth $1,636,000 after buying an additional 1,700 shares in the last quarter. 0.23% of the stock is currently owned by hedge funds and other institutional investors.
BAE Systems PLC Company Profile
BAE Systems plc is a defense, aerospace and security company. Its segments include Electronic Systems, which consist of the Company’s United States and United Kingdom-based electronics activities; Cyber & Intelligence, which consists of its United States-based Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services (US), which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom-based air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana.
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