Heico Corp (HEI) Receives Average Recommendation of “Buy” from Analysts
Heico Corp (NYSE:HEI) has been given a consensus recommendation of “Buy” by the ten research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $101.43.
HEI has been the topic of a number of research analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $109.00 target price (up previously from $98.00) on shares of Heico in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Canaccord Genuity restated a “buy” rating and issued a $110.00 target price (up previously from $95.00) on shares of Heico in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $104.00 target price on Heico and gave the company a “hold” rating in a research report on Monday, December 18th. Jefferies Group upgraded Heico from a “hold” rating to a “buy” rating in a research report on Monday. Finally, SunTrust Banks restated a “buy” rating and issued a $116.00 target price on shares of Heico in a research report on Thursday, December 21st.
Heico (NYSE HEI) traded up $0.98 during midday trading on Friday, reaching $97.10. The company’s stock had a trading volume of 185,234 shares, compared to its average volume of 254,670. The firm has a market capitalization of $7,330.00, a price-to-earnings ratio of 45.37, a P/E/G ratio of 3.75 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.16. Heico has a one year low of $60.00 and a one year high of $101.40.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be given a $0.07 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a yield of 0.15%. Heico’s dividend payout ratio is currently 6.54%.
Several hedge funds have recently bought and sold shares of HEI. Artisan Partners Limited Partnership raised its holdings in shares of Heico by 54.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 283,149 shares of the aerospace company’s stock valued at $20,341,000 after buying an additional 100,315 shares during the period. Fred Alger Management Inc. raised its holdings in shares of Heico by 23.7% in the 2nd quarter. Fred Alger Management Inc. now owns 380,992 shares of the aerospace company’s stock valued at $27,370,000 after buying an additional 72,901 shares during the period. Nicholas Investment Partners LP raised its holdings in shares of Heico by 111.4% in the 2nd quarter. Nicholas Investment Partners LP now owns 78,821 shares of the aerospace company’s stock valued at $5,662,000 after buying an additional 41,530 shares during the period. Moody Lynn & Lieberson LLC purchased a new stake in shares of Heico in the 3rd quarter valued at $2,561,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Heico by 3.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 674,898 shares of the aerospace company’s stock valued at $48,483,000 after buying an additional 24,299 shares during the period. Hedge funds and other institutional investors own 26.93% of the company’s stock.
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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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