B/E Aerospace Inc. (BEAV) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas boosted its stake in shares of B/E Aerospace Inc. (NASDAQ:BEAV) by 28.4% during the second quarter, Holdings Channel reports. The firm owned 7,309 shares of the company’s stock after buying an additional 1,617 shares during the period. Teacher Retirement System of Texas’ holdings in B/E Aerospace were worth $337,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC increased its stake in B/E Aerospace by 177.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,217 shares of the company’s stock worth $102,000 after buying an additional 1,417 shares during the last quarter. FineMark National Bank & Trust increased its stake 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 worth $131,000 after buying an additional 268 shares during the last quarter. Bessemer Group Inc. bought a new stake in B/E Aerospace during the first quarter worth about $171,000. CIBC Asset Management Inc increased its stake in B/E Aerospace by 1.0% in the second quarter. CIBC Asset Management Inc now owns 5,299 shares of the company’s stock worth $245,000 after buying an additional 52 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in B/E Aerospace during the first quarter worth about $259,000. Institutional investors and hedge funds own 96.25% of the company’s stock.
Shares of B/E Aerospace Inc. (NASDAQ:BEAV) traded down 2.15% during mid-day trading on Thursday, reaching $49.95. 258,658 shares of the company’s stock were exchanged. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 17.27 and a beta of 1.03. The stock’s 50-day moving average is $50.64 and its 200-day moving average is $48.25. B/E Aerospace Inc. has a 52-week low of $36.38 and a 52-week high of $53.25.
B/E Aerospace (NASDAQ:BEAV) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $753 million for the quarter, compared to analyst estimates of $714.04 million. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities analysts expect that B/E Aerospace Inc. will post $3.26 EPS for the current year.
A number of equities research analysts have issued reports on the stock. Citigroup Inc. increased their target price on shares of B/E Aerospace from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird initiated coverage on shares of B/E Aerospace in a research note on Wednesday, October 5th. They set an “outperform” rating and a $61.00 price target on the stock. Morgan Stanley initiated coverage on shares of B/E Aerospace in a research note on Thursday, June 23rd. They set an “equal weight” rating on the stock. Deutsche Bank AG increased their price target on shares of B/E Aerospace from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 5th. Finally, Zacks Investment Research lowered shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $55.00.
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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