Heico (NYSE:HEI) Raised to “Buy” at Wall Street Zen

Heico (NYSE:HEI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other research firms have also weighed in on HEI. Weiss Ratings upgraded Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. UBS Group reiterated a “neutral” rating and issued a $390.00 price target (up from $371.00) on shares of Heico in a report on Monday, June 1st. Susquehanna boosted their price target on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Jefferies Financial Group restated a “buy” rating and set a $425.00 price objective on shares of Heico in a research note on Thursday. Finally, Rothschild & Co Redburn set a $360.00 price objective on Heico and gave the company a “buy” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.69.

Heico Trading Up 0.1%

NYSE:HEI opened at $375.03 on Friday. The firm has a 50-day simple moving average of $349.68 and a 200-day simple moving average of $319.86. Heico has a one year low of $256.11 and a one year high of $376.86. The firm has a market cap of $52.38 billion, a P/E ratio of 66.97, a P/E/G ratio of 3.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (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 17.52%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. Equities analysts anticipate that Heico will post 5.95 EPS for the current fiscal year.

Insider Transactions at Heico

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.86% of the company’s stock.

Institutional Trading of Heico

Hedge funds and other institutional investors have recently made changes to their positions in the business. Indivisible Partners purchased a new position in shares of Heico in the 4th quarter valued at approximately $5,883,000. PFA Pension Forsikringsaktieselskab acquired a new stake in Heico in the 4th quarter worth approximately $8,395,000. SBI Okasan Asset Management Co.Ltd. purchased a new stake in Heico during the 2nd quarter worth approximately $1,262,000. CPC Advisors LLC grew its position in Heico by 208.4% during the 1st quarter. CPC Advisors LLC now owns 9,187 shares of the aerospace company’s stock worth $2,519,000 after purchasing an additional 6,208 shares during the last quarter. Finally, Verde Capital Management acquired a new position in Heico during the 1st quarter valued at approximately $1,204,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.