H&E Equipment Services, Inc. (NASDAQ:HEES) Announces $0.28 Quarterly Dividend

H&E Equipment Services, Inc. (NASDAQ:HEES) declared a quarterly dividend on Friday, February 7th,RTT News reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.275 per share by the industrial products company on Monday, February 24th. This represents a $1.10 annualized dividend and a dividend yield of 1.26%.

H&E Equipment Services has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect H&E Equipment Services to earn $3.73 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 29.5%.

H&E Equipment Services Stock Down 0.7 %

Shares of HEES stock traded down $0.62 during trading hours on Friday, hitting $87.56. 442,591 shares of the company’s stock traded hands, compared to its average volume of 1,478,714. The stock’s fifty day simple moving average is $65.18 and its two-hundred day simple moving average is $55.63. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $90.66. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 22.24 and a beta of 1.93. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

Analysts Set New Price Targets

A number of equities research analysts have commented on HEES shares. UBS Group reaffirmed a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com assumed coverage on shares of H&E Equipment Services in a research note on Saturday, February 1st. They issued a “hold” rating on the stock. Finally, B. Riley restated a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.25.

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.