B/E Aerospace’s (BEAV) Buy Rating Reiterated at KeyCorp
Several other equities analysts also recently weighed in on BEAV. Morgan Stanley started coverage on B/E Aerospace in a research report on Thursday, June 23rd. They issued an equal weight rating on the stock. Zacks Investment Research upgraded B/E Aerospace from a hold rating to a buy rating and set a $49.00 target price on the stock in a research report on Wednesday, June 29th. Finally, Jefferies Group restated a hold rating on shares of B/E Aerospace in a research report on Monday, August 1st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $52.80.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 51.66 on Wednesday. The company has a market capitalization of $5.25 billion, a PE ratio of 17.86 and a beta of 1.03. B/E Aerospace has a 12 month low of $36.38 and a 12 month high of $52.87. The stock’s 50 day moving average price is $49.87 and its 200 day moving average price is $47.96.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $753 million for the quarter, compared to the consensus estimate 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 for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, analysts forecast that B/E Aerospace will post $3.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.84 annualized dividend and a yield of 1.63%. B/E Aerospace’s dividend payout ratio (DPR) is 28.97%.
Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in B/E Aerospace by 5.4% in the second quarter. BlackRock Fund Advisors now owns 3,975,255 shares of the company’s stock valued at $183,557,000 after buying an additional 205,354 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of B/E Aerospace by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,764,580 shares of the company’s stock worth $173,829,000 after buying an additional 9,903 shares during the last quarter. State Street Corp boosted its stake in shares of B/E Aerospace by 0.4% in the first quarter. State Street Corp now owns 3,652,826 shares of the company’s stock worth $168,466,000 after buying an additional 15,604 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of B/E Aerospace by 4,152.8% in the second quarter. Alliancebernstein L.P. now owns 3,344,796 shares of the company’s stock worth $154,446,000 after buying an additional 3,266,146 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of B/E Aerospace by 20.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,150,084 shares of the company’s stock worth $145,455,000 after buying an additional 528,873 shares during the last quarter. 96.25% of the stock is owned by institutional investors.
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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