Shares of Heico Corporation (NYSE:HEI) have received an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $90.63.
Several analysts have recently issued reports on HEI shares. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Wednesday, September 6th. Canaccord Genuity increased their price target on shares of Heico from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub cut shares of Heico from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Bank of America Corporation raised shares of Heico from a “neutral” rating to a “buy” rating and increased their price target for the stock from $75.00 to $95.00 in a research report on Tuesday, August 29th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $89.00 price target (up previously from $75.00) on shares of Heico in a research report on Thursday, August 24th.
Heico (NYSE:HEI) traded down $0.46 during trading on Thursday, hitting $91.77. 73,251 shares of the stock were exchanged, compared to its average volume of 135,557. Heico has a fifty-two week low of $59.94 and a fifty-two week high of $93.00. The stock has a market capitalization of $7,750.44, a price-to-earnings ratio of 45.25, a price-to-earnings-growth ratio of 4.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.89 and a quick ratio of 1.39.
Heico (NYSE:HEI) last announced its earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $391.50 million during the quarter, compared to analyst estimates of $390.55 million. Heico had a net margin of 12.04% and a return on equity of 15.56%. Heico’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. equities analysts expect that Heico will post 2.11 EPS for the current fiscal year.
In other news, Director Mark H. Hildebrandt bought 1,316 shares of Heico stock in a transaction that occurred on Thursday, October 5th. The shares were purchased at an average price of $76.13 per share, with a total value of $100,187.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas S. Irwin sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $76.28, for a total transaction of $1,525,600.00. Following the completion of the sale, the vice president now directly owns 31,110 shares in the company, valued at approximately $2,373,070.80. The disclosure for this sale can be found here. 9.76% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its holdings in Heico by 23.6% during the second quarter. Parkside Financial Bank & Trust now owns 1,482 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 283 shares in the last quarter. Ironwood Investment Counsel LLC purchased a new position in shares of Heico during the third quarter worth approximately $201,000. RKL Wealth Management LLC purchased a new position in shares of Heico during the third quarter worth approximately $201,000. D.A. Davidson & CO. grew its position in shares of Heico by 24.7% during the second quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after acquiring an additional 502 shares during the last quarter. Finally, Comerica Bank purchased a new position in shares of Heico during the second quarter worth approximately $209,000. 25.92% of the stock is currently owned by institutional investors.
Heico Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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