Heico (NYSE:HEI) Upgraded at Wells Fargo & Company

Heico (NYSE:HEI) was upgraded by analysts at Wells Fargo & Company to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on HEI. Citigroup reaffirmed a “buy” rating and issued a $415.00 target price (up from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Susquehanna started coverage on shares of Heico in a research note on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price objective for the company. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the stock a “buy” rating in a report on Monday, December 22nd. Truist Financial lifted their target price on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Finally, BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.29.

Heico Stock Performance

NYSE:HEI opened at $275.74 on Tuesday. The firm has a market capitalization of $38.47 billion, a PE ratio of 54.49, a PEG ratio of 3.36 and a beta of 1.01. Heico has a 1 year low of $229.07 and a 1 year high of $361.69. 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 firm’s fifty day simple moving average is $314.11 and its 200 day simple moving average is $319.17.

Heico (NYSE:HEI) last released its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. On average, sell-side analysts anticipate that Heico will post 4.2 EPS for the current year.

Institutional Investors Weigh In On Heico

Hedge funds have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. acquired a new position in Heico in the fourth quarter valued at about $26,000. Westside Investment Management Inc. boosted its holdings in shares of Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted 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 valued at $28,000 after buying an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Heico in the third quarter worth $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Heico during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

About Heico

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.