Heico (NYSE:HEI) Raised to “Strong-Buy” at Rothschild & Co Redburn

Heico (NYSE:HEI) was upgraded by investment analysts at Rothschild & Co Redburn to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also commented on HEI. Weiss Ratings lowered shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Truist Financial raised shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Susquehanna initiated coverage on shares of Heico in a report on Friday, January 23rd. They set a “neutral” rating and a $385.00 price objective on the stock. Finally, Wells Fargo & Company started coverage on shares of Heico in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Heico currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.80.

Heico Stock Performance

NYSE:HEI opened at $296.95 on Wednesday. The firm’s fifty day moving average price is $284.82 and its 200 day moving average price is $312.13. Heico has a 1-year low of $256.11 and a 1-year high of $361.69. 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 has a market cap of $41.43 billion, a price-to-earnings ratio of 58.69, a price-to-earnings-growth ratio of 3.57 and a beta of 0.95.

Heico (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm posted $1.20 EPS. Heico’s quarterly revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts expect that Heico will post 5.56 EPS for the current year.

Insider Activity at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.86% of the company’s stock.

Institutional Investors Weigh In On Heico

Several hedge funds have recently modified their holdings of HEI. Groupama Asset Managment raised its stake in shares of Heico by 24.0% during the third quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company’s stock valued at $5,856,000 after purchasing an additional 3,512 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in Heico by 145.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock worth $2,626,000 after buying an additional 4,824 shares during the period. Indivisible Partners purchased a new stake in Heico during the 4th quarter worth $5,883,000. Sumitomo Life Insurance Co. increased its stake in Heico by 97.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock worth $3,202,000 after buying an additional 4,892 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in Heico by 149.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company’s stock worth $985,000 after buying an additional 1,830 shares during the period. 27.12% of the stock is currently 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.