B/E Aerospace Inc. (BEAV) Receives “Buy” Rating from KeyCorp
Other equities analysts have also issued research reports about the company. Morgan Stanley began coverage on B/E Aerospace in a research note on Thursday, June 23rd. They issued an equal weight rating for the company. Zacks Investment Research lowered B/E Aerospace from a buy rating to a hold rating in a research note on Wednesday, July 13th. Finally, Jefferies Group reaffirmed a hold rating on shares of B/E Aerospace in a research note on Monday, August 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $52.80.
B/E Aerospace (NASDAQ:BEAV) traded up 0.20% during mid-day trading on Wednesday, hitting $51.13. The company’s stock had a trading volume of 217,854 shares. The stock has a market cap of $5.20 billion, a P/E ratio of 17.67 and a beta of 1.02. The company’s 50 day moving average is $49.62 and its 200-day moving average is $47.89. B/E Aerospace has a 52-week low of $36.38 and a 52-week high of $52.87.
B/E Aerospace (NASDAQ:BEAV) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. The business earned $753 million during the quarter, compared to analyst estimates of $714.04 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. B/E Aerospace’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts predict that B/E Aerospace will post $3.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.84 annualized dividend and a yield of 1.65%. B/E Aerospace’s payout ratio is currently 28.97%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BEAV. Thompson Siegel & Walmsley LLC increased its position in B/E Aerospace by 177.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,217 shares of the company’s stock valued at $102,000 after buying an additional 1,417 shares during the last quarter. Advisor Group Inc. purchased a new position in B/E Aerospace during the second quarter valued at approximately $106,000. FineMark National Bank & Trust increased its position in B/E Aerospace by 10.4% in the second quarter. FineMark National Bank & Trust now owns 2,839 shares of the company’s stock valued at $131,000 after buying an additional 268 shares during the last quarter. Bessemer Group Inc. purchased a new position in B/E Aerospace during the first quarter valued at approximately $171,000. Finally, CIBC Asset Management Inc increased its position in B/E Aerospace by 1.0% in the second quarter. CIBC Asset Management Inc now owns 5,299 shares of the company’s stock valued at $245,000 after buying an additional 52 shares during the last quarter. Institutional investors own 96.25% of the company’s stock.
About B/E Aerospace
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS).
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