Morgan Stanley reissued their neutral rating on shares of Heico (NYSE:HEI) in a research note published on Friday morning, Stock Target Advisor reports. Morgan Stanley currently has a $77.00 price objective on the aerospace company’s stock.
HEI has been the subject of a number of other reports. Robert W. Baird increased their price objective on shares of Heico from $125.00 to $170.00 and gave the company an outperform rating in a report on Tuesday, August 13th. Bank of America lowered shares of Heico from a buy rating to an underperform rating and set a $105.00 price objective for the company. in a report on Thursday, July 11th. They noted that the move was a valuation call. Credit Suisse Group increased their price objective on shares of Heico from $133.00 to $163.00 and gave the company an outperform rating in a report on Thursday, August 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. reaffirmed a buy rating and set a $76.00 price objective on shares of Heico in a report on Tuesday, October 22nd. Finally, ValuEngine raised shares of Heico from a sell rating to a hold rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Heico currently has an average rating of Buy and an average price target of $110.08.
HEI traded up $0.26 during trading on Friday, reaching $121.69. 333,991 shares of the company traded hands, compared to its average volume of 469,676. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.44 and a current ratio of 2.98. Heico has a 12-month low of $71.47 and a 12-month high of $147.93. The firm has a fifty day simple moving average of $122.85 and a 200 day simple moving average of $126.18. The company has a market cap of $16.38 billion, a P/E ratio of 67.23, a PEG ratio of 3.44 and a beta of 0.57.
Heico (NYSE:HEI) last announced its quarterly earnings data on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Heico had a net margin of 15.55% and a return on equity of 18.58%. The business had revenue of $532.32 million during the quarter, compared to analyst estimates of $510.67 million. During the same period last year, the firm posted $0.49 EPS. The company’s revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts expect that Heico will post 2.31 earnings per share for the current fiscal year.
In other Heico news, insider Eric A. Mendelson bought 949 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average cost of $120.70 per share, with a total value of $114,544.30. Following the completion of the acquisition, the insider now owns 1,198,939 shares in the company, valued at approximately $144,711,937.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Schwitter bought 1,210 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $94.82 per share, with a total value of $114,732.20. Following the completion of the acquisition, the director now owns 1,313 shares of the company’s stock, valued at approximately $124,498.66. The disclosure for this purchase can be found here. Company insiders own 9.23% of the company’s stock.
Several hedge funds have recently bought and sold shares of HEI. Griffin Asset Management Inc. purchased a new position in shares of Heico in the second quarter valued at $31,000. Doyle Wealth Management purchased a new position in shares of Heico in the second quarter valued at $171,000. Ibex Investors LLC bought a new stake in Heico in the second quarter worth $229,000. Fox Run Management L.L.C. bought a new stake in Heico in the third quarter worth $237,000. Finally, FineMark National Bank & Trust bought a new stake in Heico in the second quarter worth $239,000. 25.56% of the stock is owned by hedge funds and other institutional investors.
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.
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