H&E Equipment Services (NASDAQ:HEES) Reaches New 1-Year High - Still a Buy?

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $90.66 and last traded at $90.49, with a volume of 3845987 shares traded. The stock had previously closed at $43.94.

Analysts Set New Price Targets

Separately, B. Riley reissued a "buy" rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.25.

H&E Equipment Services Price Performance

The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The company's 50 day moving average price is $54.27 and its 200-day moving average price is $50.43. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 13.05 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The business had revenue of $384.86 million during the quarter, compared to analysts' expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 EPS. On average, equities research analysts forecast that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.22%. H&E Equipment Services's payout ratio is currently 27.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of H&E Equipment Services during the 2nd quarter valued at about $37,000. Millburn Ridgefield Corp acquired a new stake in H&E Equipment Services during the third quarter valued at approximately $84,000. Quest Partners LLC acquired a new stake in H&E Equipment Services during the second quarter valued at approximately $109,000. L.M. Kohn & Company bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $217,000. Finally, Scientech Research LLC bought a new position in shares of H&E Equipment Services during the 2nd quarter worth approximately $203,000. Institutional investors own 84.08% of the company's stock.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.