Bae Systems (OTCMKTS:BAESY) Sees Large Volume Increase – Still a Buy?

Bae Systems PLC (OTCMKTS:BAESY) saw strong trading volume on Friday . 1,348,953 shares changed hands during mid-day trading, an increase of 213% from the previous session’s volume of 430,443 shares.The stock last traded at $85.71 and had previously closed at $86.40.

Wall Street Analyst Weigh In

BAESY has been the subject of several research reports. Erste Group Bank assumed coverage on shares of Bae Systems in a report on Friday, October 3rd. They set a “buy” rating for the company. The Goldman Sachs Group began coverage on Bae Systems in a research report on Friday, September 19th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Bae Systems Trading Down 0.8%

The company has a 50-day moving average price of $99.71 and a two-hundred day moving average price of $100.29.

Hedge Funds Weigh In On Bae Systems

A number of large investors have recently bought and sold shares of BAESY. Hantz Financial Services Inc. grew its stake in Bae Systems by 73.0% in the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Bae Systems by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock worth $593,000 after buying an additional 158 shares during the period. RNC Capital Management LLC grew its position in shares of Bae Systems by 2.1% during the 1st quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock worth $683,000 after buying an additional 168 shares in the last quarter. Salomon & Ludwin LLC increased its stake in shares of Bae Systems by 3,150.0% during the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after buying an additional 252 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Bae Systems in the third quarter valued at about $44,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.