Stock analysts at Robert W. Baird initiated coverage on shares of B/E Aerospace Inc. (NASDAQ:BEAV) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set an “outperform” rating on the stock.
Several other brokerages have also weighed in on BEAV. Zacks Investment Research lowered B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. KeyCorp reiterated a “buy” rating and issued a $56.00 price objective on shares of B/E Aerospace in a research report on Wednesday, September 28th. Jefferies Group reiterated a “hold” rating on shares of B/E Aerospace in a research report on Monday, August 1st. Deutsche Bank AG increased their price objective on B/E Aerospace from $55.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley assumed coverage on B/E Aerospace in a research report on Thursday, June 23rd. They issued an “equal weight” rating for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $54.20.
Shares of B/E Aerospace (NASDAQ:BEAV) traded up 2.08% on Wednesday, hitting $52.60. The stock had a trading volume of 970,198 shares. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 18.18 and a beta of 1.03. The stock has a 50 day moving average of $50.11 and a 200 day moving average of $48.05. B/E Aerospace has a 12-month low of $36.38 and a 12-month high of $52.87.
B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The business earned $753 million during the quarter, compared to analyst estimates of $714.04 million. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. Equities analysts predict that B/E Aerospace will post $3.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, August 11th. B/E Aerospace’s payout ratio is currently 28.97%.
Several hedge funds have recently made changes to their positions in BEAV. Thompson Siegel & Walmsley LLC boosted its stake 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 during the last quarter. Advisor Group Inc. bought a new stake in shares of B/E Aerospace during the second quarter valued at about $106,000. FineMark National Bank & Trust boosted its stake in shares of 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. bought a new stake in shares of B/E Aerospace during the first quarter valued at about $171,000. Finally, CIBC Asset Management Inc boosted its stake in shares of 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 and hedge funds own 96.25% 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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