B/E Aerospace Inc. (BEAV) To Go Ex-Dividend on November 17th
B/E Aerospace Inc. (NASDAQ:BEAV) declared a quarterly dividend on Tuesday, October 25th. Shareholders of record on Monday, November 21st will be paid a dividend of 0.21 per share on Friday, December 16th. This represents a $0.84 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 17th.
B/E Aerospace (NASDAQ:BEAV) opened at 59.14 on Wednesday. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 18.02 and a beta of 0.90. B/E Aerospace has a one year low of $36.38 and a one year high of $60.29. The firm has a 50-day moving average price of $55.06 and a 200-day moving average price of $49.79.
Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new position in shares of B/E Aerospace during the third quarter valued at $7,230,000. Caisse DE Depot ET Placement DU Quebec boosted its position in B/E Aerospace by 11.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,000 shares of the company’s stock valued at $1,293,000 after buying an additional 2,800 shares during the last quarter. Point72 Asset Management L.P. boosted its position in B/E Aerospace by 108.2% in the second quarter. Point72 Asset Management L.P. now owns 139,900 shares of the company’s stock valued at $6,460,000 after buying an additional 72,700 shares during the last quarter. EverPoint Asset Management LLC acquired a new position in B/E Aerospace during the second quarter valued at approximately $1,994,000. Finally, Cubist Systematic Strategies LLC boosted its position in B/E Aerospace by 350.5% in the second quarter. Cubist Systematic Strategies LLC now owns 42,670 shares of the company’s stock valued at $1,970,000 after buying an additional 33,198 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.
A number of research analysts have recently weighed in on the company. KeyCorp restated a “buy” rating and issued a $56.00 target price on shares of B/E Aerospace in a report on Wednesday, September 28th. Citigroup Inc. raised their target price on B/E Aerospace from $60.00 to $62.00 and gave the company a “buy” rating in a report on Monday, October 10th. Zacks Investment Research upgraded B/E Aerospace from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Wednesday, October 26th. Vertical Research assumed coverage on B/E Aerospace in a report on Friday, October 28th. They issued a “hold” rating on the stock. Finally, Credit Suisse Group AG lowered B/E Aerospace from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 25th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.33.
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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