Heico (NYSE:HEI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Heico (NYSE:HEI) from a hold rating to a buy rating in a research note released on Monday morning,Wall Street Zen reports.

HEI has been the topic of several other reports. Deutsche Bank Aktiengesellschaft set a $421.00 target price on Heico and gave the company a “buy” rating in a research report on Wednesday, August 19th. Morgan Stanley set a $370.00 price target on Heico in a research note on Wednesday, July 15th. Rothschild & Co Redburn set a $360.00 price target on Heico and gave the company a “buy” rating in a report on Wednesday, May 13th. Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada increased their target price on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $389.67.

Heico Trading Down 1.6%

Shares of NYSE:HEI opened at $331.10 on Monday. The company has a quick ratio of 1.27, a current ratio of 2.72 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $353.82 and its 200 day moving average price is $321.60. The company has a market cap of $46.24 billion, a PE ratio of 55.09, a P/E/G ratio of 3.36 and a beta of 1.04. Heico has a fifty-two week low of $256.11 and a fifty-two week high of $376.86.

Heico (NYSE:HEI) last announced its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.51 by $0.16. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.00%. Heico’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 earnings per share. Sell-side analysts anticipate that Heico will post 6.09 earnings per share for the current year.

Heico Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.13 per share. This represents a yield of 7.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Heico’s payout ratio is presently 4.33%.

Insiders Place Their Bets

In other news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.86% of the company’s stock.

Institutional Trading of Heico

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GM Advisory Group LLC boosted its holdings in Heico by 1.2% during the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock worth $966,000 after buying an additional 36 shares in the last quarter. DSM Capital Partners LLC boosted its stake in shares of Heico by 5.4% during the 1st quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 41 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Heico by 3.8% in the 4th quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 43 shares during the last quarter. Cookson Peirce & Co. Inc. grew its holdings in shares of Heico by 1.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company’s stock worth $869,000 after acquiring an additional 48 shares during the last quarter. Finally, Fortress Financial Solutions LLC raised its position in shares of Heico by 2.8% during the first quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock worth $493,000 after purchasing an additional 49 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

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.