CAE (CAE) Reaches New 52-Week High at $19.09

Cae Inc (NYSE:CAE) (TSE:CAE) hit a new 52-week high on Friday . The company traded as high as $19.09 and last traded at $19.08, with a volume of 108235 shares. The stock had previously closed at $18.68.

CAE has been the subject of a number of research reports. Zacks Investment Research downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, October 30th. AltaCorp Capital reaffirmed a “hold” rating and set a $21.00 target price on shares of CAE in a report on Sunday, November 12th. ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Royal Bank of Canada raised CAE from a “sector perform” rating to an “outperform” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.33.

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.52 and a quick ratio of 1.34. The company has a market capitalization of $5,012.55, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.23 and a beta of 0.80.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Friday, February 9th. The aerospace company reported $0.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.22. CAE had a return on equity of 13.03% and a net margin of 11.31%. The firm had revenue of $704.40 million during the quarter, compared to the consensus estimate of $729.98 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. analysts anticipate that Cae Inc will post 0.84 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.071 per share. This is an increase from CAE’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, March 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.51%. CAE’s payout ratio is 31.87%.

CAE announced that its board has approved a share buyback program on Friday, February 9th that permits the company to buyback 5,350,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Several institutional investors have recently added to or reduced their stakes in CAE. Mackenzie Financial Corp lifted its holdings in CAE by 35.2% in the fourth quarter. Mackenzie Financial Corp now owns 7,948,059 shares of the aerospace company’s stock valued at $147,516,000 after acquiring an additional 2,068,070 shares during the period. USS Investment Management Ltd lifted its holdings in CAE by 46.9% in the fourth quarter. USS Investment Management Ltd now owns 4,010,230 shares of the aerospace company’s stock valued at $74,641,000 after acquiring an additional 1,279,612 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in CAE by 33.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,474,174 shares of the aerospace company’s stock valued at $45,920,000 after acquiring an additional 616,203 shares during the period. Artisan Partners Limited Partnership acquired a new position in CAE in the third quarter valued at approximately $9,828,000. Finally, AGF Investments Inc. lifted its holdings in CAE by 73.8% in the fourth quarter. AGF Investments Inc. now owns 727,592 shares of the aerospace company’s stock valued at $13,516,000 after acquiring an additional 308,848 shares during the period. 52.12% of the stock is owned by hedge funds and other institutional investors.

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About CAE

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

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