BAE Systems plc (OTCMKTS:BAESY) Shares Bought by Altrius Capital Management Inc

Altrius Capital Management Inc increased its holdings in shares of BAE Systems plc (OTCMKTS:BAESY) by 2.3% during the third quarter, Holdings Channel.com reports. The fund owned 109,506 shares of the aerospace company’s stock after buying an additional 2,470 shares during the period. BAE Systems comprises approximately 1.8% of Altrius Capital Management Inc’s holdings, making the stock its 22nd biggest position. Altrius Capital Management Inc’s holdings in BAE Systems were worth $7,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of BAESY. Rhumbline Advisers lifted its stake in BAE Systems by 29.3% in the 2nd quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after purchasing an additional 1,042 shares in the last quarter. Atlas Capital Advisors LLC lifted its stake in BAE Systems by 68.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after purchasing an additional 1,650 shares in the last quarter. GAMMA Investing LLC raised its position in shares of BAE Systems by 20.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock valued at $125,000 after buying an additional 322 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in shares of BAE Systems during the 2nd quarter valued at approximately $682,000. 0.21% of the stock is currently owned by institutional investors and hedge funds.

BAE Systems Price Performance

Shares of OTCMKTS:BAESY traded down $1.68 on Friday, reaching $66.58. The company’s stock had a trading volume of 199,311 shares, compared to its average volume of 133,923. The stock’s 50-day moving average is $68.04 and its two-hundred day moving average is $68.26. BAE Systems plc has a 52-week low of $51.72 and a 52-week high of $72.81.

BAE Systems Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.