Heico (NYSE:HEI) Raised to “Strong-Buy” at Rothschild & Co Redburn

Heico (NYSE:HEI) was upgraded by research analysts at Rothschild & Co Redburn to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on HEI. Weiss Ratings downgraded shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Wells Fargo & Company assumed coverage on Heico in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $290.00 price target for the company. Susquehanna assumed coverage on Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target for the company. Finally, Citigroup lowered their price target on Heico from $400.00 to $323.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and an average price target of $358.80.

Heico Stock Up 1.8%

Shares of NYSE:HEI opened at $296.95 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $284.82 and a 200 day simple moving average of $312.13. The firm has a market cap of $41.43 billion, a PE ratio of 58.69, a price-to-earnings-growth ratio of 3.57 and a beta of 0.95. Heico has a 12-month low of $256.11 and a 12-month high of $361.69.

Heico (NYSE:HEI) last issued its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, equities research analysts anticipate that Heico will post 5.56 EPS for the current fiscal year.

Insider Activity at Heico

In other news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. bought a new position in shares of Heico during the fourth quarter worth about $26,000. Westside Investment Management Inc. grew its position in shares of Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Heico in the 3rd quarter worth about $29,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Heico in the 3rd quarter worth about $31,000. 27.12% of the stock is currently owned by institutional investors.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.