Heico Corporation (NYSE:HEI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Heico Corporation (NYSE:HEI) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $361.6875.

HEI has been the topic of a number of recent analyst reports. Citigroup dropped their target price on shares of Heico from $400.00 to $323.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada increased their target price on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday. Rothschild & Co Redburn set a $360.00 price objective on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Susquehanna raised their price objective on shares of Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th.

Heico Trading Down 0.1%

NYSE HEI opened at $347.98 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. The firm’s fifty day moving average price is $286.62 and its 200 day moving average price is $311.47. The company has a market capitalization of $48.55 billion, a price-to-earnings ratio of 62.14, a price-to-earnings-growth ratio of 4.23 and a beta of 1.03. Heico has a 12 month low of $256.11 and a 12 month high of $361.69.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.98%. The company’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. On average, sell-side analysts expect that Heico will post 5.6 earnings per share for the current fiscal year.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 4.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GM Advisory Group LLC grew its position in Heico by 1.2% during the 4th quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock worth $966,000 after purchasing an additional 36 shares during the last quarter. Pekin Hardy Strauss Inc. grew its position in Heico by 4.4% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock worth $286,000 after purchasing an additional 37 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its position in Heico by 4.0% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 40 shares during the last quarter. DSM Capital Partners LLC boosted its holdings in shares of Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock valued at $221,000 after acquiring an additional 41 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.