BAE Systems (OTCMKTS:BAESY) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

BAE Systems plc (OTCMKTS:BAESY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $68.12 and traded as high as $69.20. BAE Systems shares last traded at $68.88, with a volume of 124,782 shares.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of BAE Systems from a “neutral” rating to a “buy” rating in a report on Monday, July 29th.

BAE Systems Trading Down 0.3 %

The business’s 50-day moving average is $68.63 and its two-hundred day moving average is $68.12.

BAE Systems Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, October 25th will be paid a $0.6333 dividend. The ex-dividend date of this dividend is Friday, October 25th.

Hedge Funds Weigh In On BAE Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Confluence Investment Management LLC purchased a new stake in shares of BAE Systems during the second quarter valued at approximately $682,000. GAMMA Investing LLC increased its position in shares of BAE Systems by 16.4% during the first quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 218 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of BAE Systems by 29.3% in the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after acquiring an additional 1,042 shares in the last quarter. Finally, Atlas Capital Advisors LLC boosted its holdings in BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 1,650 shares during the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

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.