Heico Corp (NYSE:HEI) Receives Average Recommendation of “Buy” from Analysts

Shares of Heico Corp (NYSE:HEI) have earned a consensus rating of “Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $118.00.

A number of equities analysts have recently weighed in on HEI shares. SunTrust Banks upped their target price on Heico to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. ValuEngine lowered Heico from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Credit Suisse Group upped their target price on Heico from $127.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Bank of America lowered Heico from a “buy” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research report on Thursday, July 11th. They noted that the move was a valuation call. Finally, Canaccord Genuity upped their target price on Heico from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th.

Shares of NYSE:HEI traded up $0.57 during trading on Friday, reaching $141.80. 404,000 shares of the stock were exchanged, compared to its average volume of 405,164. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.20 and a quick ratio of 1.56. Heico has a 1-year low of $71.47 and a 1-year high of $144.37. The stock has a fifty day moving average of $137.46 and a two-hundred day moving average of $111.59. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 78.34, a price-to-earnings-growth ratio of 4.43 and a beta of 0.68.

Heico (NYSE:HEI) last issued its earnings results on Tuesday, May 28th. The aerospace company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. Heico had a return on equity of 18.31% and a net margin of 15.36%. The company had revenue of $515.60 million for the quarter, compared to analyst estimates of $480.17 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Heico’s revenue for the quarter was up 19.7% on a year-over-year basis. Sell-side analysts forecast that Heico will post 2.24 EPS for the current year.

In other Heico news, insider Eric A. Mendelson sold 19,273 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $102.92, for a total value of $1,983,577.16. Following the completion of the transaction, the insider now owns 1,035,932 shares in the company, valued at approximately $106,618,121.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steven M. Walker sold 4,200 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $103.00, for a total value of $432,600.00. Following the completion of the transaction, the chief accounting officer now owns 2,062 shares of the company’s stock, valued at approximately $212,386. The disclosure for this sale can be found here. Insiders sold a total of 167,473 shares of company stock valued at $16,698,107 in the last 90 days. Corporate insiders own 9.23% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its stake in Heico by 4.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,238 shares of the aerospace company’s stock valued at $299,000 after purchasing an additional 94 shares during the period. PFG Advisors grew its stake in Heico by 1.0% in the 2nd quarter. PFG Advisors now owns 9,720 shares of the aerospace company’s stock valued at $1,348,000 after purchasing an additional 100 shares during the period. Verity Asset Management Inc. grew its stake in Heico by 2.7% in the 2nd quarter. Verity Asset Management Inc. now owns 4,945 shares of the aerospace company’s stock valued at $662,000 after purchasing an additional 128 shares during the period. Janney Montgomery Scott LLC grew its stake in Heico by 1.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,202 shares of the aerospace company’s stock valued at $1,063,000 after purchasing an additional 155 shares during the period. Finally, Sigma Planning Corp grew its stake in Heico by 8.7% in the 2nd quarter. Sigma Planning Corp now owns 2,930 shares of the aerospace company’s stock valued at $392,000 after purchasing an additional 234 shares during the period. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Heico Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Analyst Recommendations for Heico (NYSE:HEI)

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