Ameriprise Financial Inc. increased its position in shares of B/E Aerospace Inc. (NASDAQ:BEAV) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 257,221 shares of the company’s stock after buying an additional 8,315 shares during the period. Ameriprise Financial Inc. owned 0.25% of B/E Aerospace worth $11,877,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in BEAV. BlackRock Japan Co. Ltd boosted its stake in B/E Aerospace by 45.7% in the first quarter. BlackRock Japan Co. Ltd now owns 176,522 shares of the company’s stock worth $8,141,000 after buying an additional 55,336 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in B/E Aerospace by 10.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,754,677 shares of the company’s stock worth $173,166,000 after buying an additional 360,682 shares in the last quarter. BlackRock Group LTD boosted its stake in B/E Aerospace by 23.2% in the first quarter. BlackRock Group LTD now owns 800,296 shares of the company’s stock worth $36,910,000 after buying an additional 150,735 shares in the last quarter. BlackRock Inc. boosted its stake in B/E Aerospace by 82.2% in the first quarter. BlackRock Inc. now owns 249,159 shares of the company’s stock worth $11,491,000 after buying an additional 112,429 shares in the last quarter. Finally, Algert Global LLC bought a new stake in B/E Aerospace during the first quarter worth about $376,000. 96.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of B/E Aerospace Inc. (NASDAQ:BEAV) traded up 0.148% during mid-day trading on Wednesday, reaching $50.595. 205,848 shares of the company traded hands. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 17.489 and a beta of 1.02. The company’s 50 day moving average is $49.51 and its 200 day moving average is $47.87. B/E Aerospace Inc. 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 data on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm earned $753 million during the quarter, compared to analysts’ expectations of $714.04 million. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. B/E Aerospace’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, equities analysts forecast that B/E Aerospace Inc. will post $3.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, August 11th. B/E Aerospace’s payout ratio is 28.97%.
A number of equities research analysts recently issued reports on the stock. KeyCorp reissued a “buy” rating and issued a $56.00 price target on shares of B/E Aerospace in a research note on Wednesday. Morgan Stanley assumed coverage on shares of B/E Aerospace in a research note on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Jefferies Group reissued a “hold” rating on shares of B/E Aerospace in a research note on Monday, August 1st. Finally, Zacks Investment Research cut shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $52.80.
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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