Altrius Capital Management Inc Buys 2,470 Shares of BAE Systems plc (OTCMKTS:BAESY)

Altrius Capital Management Inc raised its holdings in shares of BAE Systems plc (OTCMKTS:BAESY) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,506 shares of the aerospace company’s stock after purchasing an additional 2,470 shares during the period. BAE Systems makes up about 1.8% of Altrius Capital Management Inc’s investment portfolio, making the stock its 22nd largest holding. Altrius Capital Management Inc’s holdings in BAE Systems were worth $7,266,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Confluence Investment Management LLC bought a new stake in BAE Systems during the second quarter valued at about $682,000. GAMMA Investing LLC lifted its position in shares of BAE Systems by 20.8% in the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock valued at $125,000 after acquiring an additional 322 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in shares of 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 acquiring an additional 1,650 shares in the last quarter. Finally, Rhumbline Advisers lifted its position 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 buying an additional 1,042 shares in the last quarter. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

BAE Systems Stock Down 2.5 %

OTCMKTS:BAESY traded down $1.68 during midday trading on Friday, hitting $66.58. The stock had a trading volume of 199,311 shares, compared to its average volume of 133,923. The stock has a 50-day moving average of $68.04 and a 200 day moving average of $68.26. BAE Systems plc has a one year low of $51.72 and a one year high of $72.81.

BAE Systems Cuts Dividend

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

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.