B/E Aerospace Inc. (BEAV) Stock Rating Lowered by Zacks Investment Research
B/E Aerospace Inc. (NASDAQ:BEAV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “B/E Aerospace, Inc. operates as a manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets and distributor of aerospace fasteners and consumables. It operates in three segments: commercial aircraft, consumables management and business jet. B/E Aerospace’s commercial aircraft segment includes seating products, interior systems and engineering services for commercial aircraft, and thermal and power management for the commercial and military aerospace markets. Its Consumables Management segment provides inventory management and replenishment, electronic data interchange, special packaging and bar-coding, parts kitting, quality assurance testing, and purchasing assistance services; and creative and differential supply chain solutions. The company’s Business Jet segment offers a complete line of business jet seating and divan products from traditional designs to unique lie-flat offerings. B/E Aerospace, Inc. is headquartered in Wellington, Florida. “
BEAV has been the topic of several other reports. Canaccord Genuity lowered shares of B/E Aerospace from a “buy” rating to a “hold” rating and lifted their price target for the company from $60.00 to $62.00 in a research note on Tuesday, October 25th. Jefferies Group reissued a “hold” rating on shares of B/E Aerospace in a research report on Monday, August 1st. Deutsche Bank AG downgraded shares of B/E Aerospace from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Thursday, November 10th. Gabelli downgraded shares of B/E Aerospace from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, Wolfe Research downgraded shares of B/E Aerospace from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.33.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 59.11 on Tuesday. B/E Aerospace has a one year low of $36.38 and a one year high of $60.29. The company has a market capitalization of $6.01 billion, a PE ratio of 18.02 and a beta of 0.90. The company has a 50-day moving average of $55.19 and a 200-day moving average of $49.79.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 17th. B/E Aerospace’s dividend payout ratio (DPR) is currently 25.53%.
A number of institutional investors have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC raised its position in shares of 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 in the last quarter. Advisor Group Inc. acquired a new position in B/E Aerospace during the second quarter valued at $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. Daiwa Securities Group Inc. increased its position in B/E Aerospace by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the company’s stock valued at $132,000 after buying an additional 250 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in B/E Aerospace by 16.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the company’s stock valued at $198,000 after buying an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.
B/E Aerospace Company Profile
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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