Heico (NYSE:HEI) Stock Rating Reaffirmed by DZ Bank

DZ Bank reissued their buy rating on shares of Heico (NYSE:HEI) in a research note published on Friday, Stock Target Advisor reports.

HEI has been the subject of a number of other research reports. Robert W. Baird lifted their price target on Heico from $125.00 to $170.00 and gave the stock an outperform rating in a report on Tuesday, August 13th. Canaccord Genuity lifted their price target on Heico from $130.00 to $160.00 and gave the stock a buy rating in a report on Thursday, August 29th. Credit Suisse Group lifted their price target on Heico from $133.00 to $163.00 and gave the stock an outperform rating in a report on Thursday, August 29th. They noted that the move was a valuation call. ValuEngine upgraded Heico from a sell rating to a hold rating in a report on Friday, November 1st. Finally, Barclays reiterated a neutral rating and set a $72.00 price target on shares of Heico in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Heico currently has a consensus rating of Buy and a consensus target price of $110.08.

Shares of NYSE HEI traded up $0.26 during mid-day trading on Friday, hitting $121.69. The company had a trading volume of 333,991 shares, compared to its average volume of 469,676. The company has a market capitalization of $16.38 billion, a PE ratio of 67.23, a price-to-earnings-growth ratio of 3.44 and a beta of 0.57. The firm has a 50-day simple moving average of $122.85 and a two-hundred day simple moving average of $126.18. The company has a current ratio of 2.98, a quick ratio of 1.44 and a debt-to-equity ratio of 0.39. Heico has a one year low of $71.47 and a one year high of $147.93.

Heico (NYSE:HEI) last announced its quarterly earnings data on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Heico had a return on equity of 18.58% and a net margin of 15.55%. The company had revenue of $532.32 million during the quarter, compared to analysts’ expectations of $510.67 million. During the same quarter last year, the company earned $0.49 EPS. Heico’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts expect that Heico will post 2.31 earnings per share for the current fiscal year.

In related news, insider Eric A. Mendelson acquired 949 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average cost of $120.70 per share, for a total transaction of $114,544.30. Following the completion of the transaction, the insider now directly owns 1,198,939 shares of the company’s stock, valued at approximately $144,711,937.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Schwitter acquired 1,210 shares of the business’s stock in a transaction on Monday, October 28th. The shares were bought at an average price of $94.82 per share, with a total value of $114,732.20. Following the completion of the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $124,498.66. The disclosure for this purchase can be found here. Company insiders own 9.23% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted its position in Heico by 4.4% during the second quarter. Integrated Wealth Concepts LLC now owns 2,238 shares of the aerospace company’s stock worth $299,000 after acquiring an additional 94 shares during the last quarter. PFG Advisors lifted its position in Heico by 1.0% during the second quarter. PFG Advisors now owns 9,720 shares of the aerospace company’s stock worth $1,348,000 after acquiring an additional 100 shares during the last quarter. Verity Asset Management Inc. lifted its position in Heico by 2.5% during the third quarter. Verity Asset Management Inc. now owns 5,067 shares of the aerospace company’s stock worth $633,000 after acquiring an additional 122 shares during the last quarter. Wedbush Securities Inc. lifted its position in Heico by 7.9% during the third quarter. Wedbush Securities Inc. now owns 1,974 shares of the aerospace company’s stock worth $247,000 after acquiring an additional 144 shares during the last quarter. Finally, Blue Chip Wealth Management Inc. lifted its position in Heico by 8.2% during the third quarter. Blue Chip Wealth Management Inc. now owns 2,115 shares of the aerospace company’s stock worth $264,000 after acquiring an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 25.56% of the company’s stock.

About Heico

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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