Dorsey Wright & Associates Sells 13,600 Shares of BAE Systems plc (OTCMKTS:BAESY)

Dorsey Wright & Associates trimmed its holdings in BAE Systems plc (OTCMKTS:BAESY) by 23.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,256 shares of the aerospace company’s stock after selling 13,600 shares during the period. Dorsey Wright & Associates’ holdings in BAE Systems were worth $2,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BAESY. Nisa Investment Advisors LLC acquired a new stake in BAE Systems in the 4th quarter worth approximately $26,000. Ramirez Asset Management Inc. raised its position in shares of BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after purchasing an additional 2,211 shares during the period. Finally, Altrius Capital Management Inc lifted its stake in shares of BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock worth $6,469,000 after buying an additional 3,662 shares during the last quarter. Institutional investors own 0.21% of the company’s stock.

BAE Systems Stock Performance

BAESY opened at $82.71 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $71.80 and its two-hundred day moving average price is $67.02. BAE Systems plc has a 12-month low of $56.19 and a 12-month high of $89.03.

BAE Systems Increases Dividend

The business also recently announced 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. This is a boost from BAE Systems’s previous dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 22nd.

Wall Street Analyst Weigh In

Separately, Berenberg Bank downgraded shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th.

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.