Legal & General Group Plc Buys New Shares in CAE Inc $CAE

Key Points

• Legal & General Group Plc acquired 1.87 million CAE shares during the second quarter, worth approximately $46.8 million and representing about 0.58% of the company. Institutional investors collectively own 67.36% of CAE.
• CAE reported quarterly EPS of $0.19, exceeding the $0.17 consensus estimate, while revenue rose 6.8% year over year to $826.4 million. The company’s FY 2027 EPS guidance is $0.87–$0.92.
• CAE shares opened at $24.28, versus a 12-month range of $22.76–$34.24. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $31.00.

Legal & General Group Plc bought a new position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,870,698 shares of the aerospace company's stock, valued at approximately $46,822,000. Legal & General Group Plc owned approximately 0.58% of CAE as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC lifted its position in shares of CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 799 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of CAE in the 4th quarter worth $41,000. CIBC Private Wealth Group LLC acquired a new position in shares of CAE in the 3rd quarter worth $42,000. Tacita Capital Inc acquired a new stake in shares of CAE during the second quarter worth $37,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of CAE during the fourth quarter worth $47,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Performance

Shares of CAE stock opened at $24.28 on Friday. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.78 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The business has a fifty day simple moving average of $25.60 and a 200-day simple moving average of $26.56.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. CAE had a return on equity of 7.45% and a net margin of 6.36%.The firm had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. During the same period in the prior year, the business earned $0.21 EPS. The business's revenue for the quarter was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, sell-side analysts anticipate that CAE Inc will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAE shares. Royal Bank Of Canada decreased their price target on CAE from $42.00 to $36.00 and set a "sector perform" rating for the company in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of CAE from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Jefferies Financial Group reiterated a "hold" rating on shares of CAE in a report on Thursday, August 13th. Morgan Stanley downgraded shares of CAE from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, July 15th. Finally, National Bank Financial restated an "outperform" rating on shares of CAE in a report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, CAE currently has an average rating of "Hold" and an average price target of $31.00.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.

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