Brokerages Set B/E Aerospace Inc (BEAV) PT at $57.56
B/E Aerospace Inc (NASDAQ:BEAV) has been given a consensus rating of “Hold” by the fifteen analysts that are covering the company. Thirteen equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $57.56.
Several research analysts have commented on BEAV shares. Canaccord Genuity reissued a “hold” rating and set a $62.00 target price on shares of B/E Aerospace in a research note on Thursday, January 5th. Jefferies Group LLC set a $62.00 target price on B/E Aerospace and gave the stock a “hold” rating in a research note on Thursday, March 16th. Zacks Investment Research downgraded B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Thursday, January 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $61.00 target price on shares of B/E Aerospace in a research note on Friday, January 20th.
Shares of B/E Aerospace (NASDAQ:BEAV) remained flat at $64.47 during trading on Tuesday. The firm has a 50-day moving average price of $64.21 and a 200 day moving average price of $60.07. B/E Aerospace has a 12 month low of $42.57 and a 12 month high of $65.26. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 20.93 and a beta of 0.86.
B/E Aerospace (NASDAQ:BEAV) last issued its earnings results on Friday, February 10th. The aerospace company reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The firm earned $730.40 million during the quarter, compared to the consensus estimate of $696.28 million. B/E Aerospace had a return on equity of 246.23% and a net margin of 10.61%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Analysts forecast that B/E Aerospace will post $3.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Monday, March 6th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, March 2nd. B/E Aerospace’s dividend payout ratio is currently 27.27%.
In other news, VP Ryan M. Patch sold 8,975 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $64.39, for a total value of $577,900.25. Following the completion of the transaction, the vice president now owns 32,607 shares of the company’s stock, valued at $2,099,564.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ngam Advisors L.P. increased its position in B/E Aerospace by 14.4% in the third quarter. Ngam Advisors L.P. now owns 23,915 shares of the aerospace company’s stock valued at $1,235,000 after buying an additional 3,014 shares in the last quarter. Sei Investments Co. increased its position in B/E Aerospace by 570.4% in the third quarter. Sei Investments Co. now owns 76,792 shares of the aerospace company’s stock valued at $3,967,000 after buying an additional 65,338 shares in the last quarter. Tygh Capital Management Inc. increased its position in B/E Aerospace by 82.5% in the third quarter. Tygh Capital Management Inc. now owns 115,636 shares of the aerospace company’s stock valued at $5,974,000 after buying an additional 52,276 shares in the last quarter. Mar Vista Investment Partners LLC increased its position in B/E Aerospace by 107.9% in the third quarter. Mar Vista Investment Partners LLC now owns 658,792 shares of the aerospace company’s stock valued at $34,033,000 after buying an additional 341,929 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in B/E Aerospace by 28.6% in the third quarter. Nordea Investment Management AB now owns 390,849 shares of the aerospace company’s stock valued at $20,191,000 after buying an additional 86,829 shares in the last quarter. 91.98% of the stock is owned by institutional investors.
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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 directly to airlines and aerospace manufacturer. It operates through two segments. The Company manufactures aircraft seats, offering a selection of first class, business class, tourist class and regional aircraft seats.
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