UBS Group downgraded shares of Heico (NYSE:HEI) from a neutral rating to a sell rating in a research report released on Tuesday, BenzingaRatingsTable reports. They currently have $134.00 price target on the aerospace company’s stock, up from their prior price target of $120.00.
Several other analysts have also recently issued reports on HEI. Bank of America cut Heico from a buy rating to an underperform rating and set a $105.00 price objective on the stock. in a report on Thursday, July 11th. They noted that the move was a valuation call. SunTrust Banks increased their price target on Heico from $128.00 to $160.00 and gave the company a buy rating in a report on Thursday, August 29th. Zacks Investment Research upgraded Heico from a hold rating to a buy rating and set a $116.00 price target on the stock in a report on Friday, May 24th. Canaccord Genuity increased their price target on Heico from $130.00 to $160.00 and gave the company a buy rating in a report on Thursday, August 29th. Finally, Robert W. Baird increased their price target on Heico from $125.00 to $170.00 and gave the company an outperform rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $132.67.
Shares of NYSE:HEI opened at $144.57 on Tuesday. The stock has a 50 day moving average of $140.70 and a 200 day moving average of $116.77. The company has a market cap of $19.30 billion, a PE ratio of 79.87, a price-to-earnings-growth ratio of 4.53 and a beta of 0.67. The company has a current ratio of 2.98, a quick ratio of 1.56 and a debt-to-equity ratio of 0.39. Heico has a 12-month low of $71.47 and a 12-month high of $147.93.
Heico (NYSE:HEI) last posted its quarterly earnings results on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business had revenue of $532.32 million during the quarter, compared to the consensus estimate of $510.67 million. Heico had a return on equity of 18.58% and a net margin of 15.55%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts predict that Heico will post 2.28 earnings per share for the current fiscal year.
In other Heico news, Director Mark H. Hildebrandt acquired 963 shares of the business’s stock in a transaction on Monday, June 10th. The shares were bought at an average price of $103.34 per share, with a total value of $99,516.42. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 directly owns 2,062 shares in the company, valued at approximately $212,386. The disclosure for this sale can be found here. Insiders have sold a total of 67,473 shares of company stock worth $6,881,107 in the last 90 days. 9.23% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in HEI. Thoroughbred Financial Services LLC grew its position in Heico by 10,711.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 329,858 shares of the aerospace company’s stock valued at $32,986,000 after acquiring an additional 326,807 shares during the last quarter. AXA bought a new position in Heico in the 2nd quarter valued at $24,835,000. AQR Capital Management LLC grew its position in Heico by 1,441.3% in the 2nd quarter. AQR Capital Management LLC now owns 173,201 shares of the aerospace company’s stock valued at $23,176,000 after acquiring an additional 161,964 shares during the last quarter. Bogle Investment Management L P DE bought a new position in Heico in the 2nd quarter valued at $11,271,000. Finally, First Trust Advisors LP grew its position in Heico by 49.7% in the 2nd quarter. First Trust Advisors LP now owns 231,181 shares of the aerospace company’s stock valued at $30,934,000 after acquiring an additional 76,797 shares during the last quarter. 25.36% of the stock is currently owned by institutional investors.
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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