Heico (HEI) – Investment Analysts’ Weekly Ratings Changes

Heico (NYSE: HEI) has recently received a number of price target changes and ratings updates:

  • 6/1/2019 – Heico was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 5/31/2019 – Heico had its price target raised by analysts at SunTrust Banks, Inc. to $128.00. They now have a “buy” rating on the stock.
  • 5/30/2019 – Heico had its price target raised by analysts at Credit Suisse Group AG from $127.00 to $133.00. They now have an “outperform” rating on the stock.
  • 5/30/2019 – Heico had its price target raised by analysts at Canaccord Genuity from $110.00 to $130.00. They now have a “buy” rating on the stock.
  • 5/29/2019 – Heico had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $95.00 price target on the stock.
  • 5/24/2019 – Heico was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $116.00 price target on the stock. According to Zacks, “HEICO Corp.'s share price outperformed its broader market in the past 12 months. Increased demand for new products ranging from aftermarket replacement parts to repair and overhaul parts along with services product lines have been fueling organic growth. Its operational performance also exhibits solid inorganic growth history, thanks to the disciplined acquisition strategy followed by the company. A strong balance sheet and cash flow generation capacity also provides the company financial flexibility. However, the company  competes in a fragmented marketplace with the industry’s leading jet engine and aircraft component OEMs. The company also competes with some of the well capitalized peer companies.”
  • 5/23/2019 – Heico was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $125.00 price target on the stock, up previously from $95.00.
  • 5/20/2019 – Heico had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $110.00 price target on the stock, up previously from $105.00.
  • 4/30/2019 – Heico had its price target raised by analysts at UBS Group AG from $85.00 to $112.00. They now have a “neutral” rating on the stock.

Shares of HEI stock traded up $0.26 on Thursday, reaching $127.46. 610,869 shares of the company’s stock traded hands, compared to its average volume of 388,092. Heico Corp has a 12-month low of $71.24 and a 12-month high of $129.64. The company has a current ratio of 3.20, a quick ratio of 1.56 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 70.42, a P/E/G ratio of 4.73 and a beta of 0.67.

Heico (NYSE:HEI) last issued its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.60 earnings per share for the quarter, beating 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 business had revenue of $515.60 million for the quarter, compared to the consensus estimate of $480.17 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. Heico’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, sell-side analysts predict that Heico Corp will post 2.22 EPS for the current year.

In other Heico news, Director Alan Schriesheim sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $79.88, for a total value of $1,198,200.00. Following the completion of the sale, the director now owns 9,700 shares of the company’s stock, valued at $774,836. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark H. Hildebrandt purchased 963 shares of Heico stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $103.34 per share, with a total value of $99,516.42. The disclosure for this purchase can be found here. Insiders sold 162,000 shares of company stock worth $15,665,260 in the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Several large investors have recently made changes to their positions in HEI. Macquarie Group Ltd. lifted its position in shares of Heico by 751.2% during the 4th quarter. Macquarie Group Ltd. now owns 349 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 308 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Heico by 60.0% during the 1st quarter. West Oak Capital LLC now owns 400 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Enlightenment Research LLC acquired a new position in Heico in the 4th quarter valued at approximately $39,000. Executive Wealth Management LLC acquired a new position in Heico in the 4th quarter valued at approximately $43,000. Finally, Nikko Asset Management Americas Inc. raised its holdings in Heico by 206.9% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 979 shares of the aerospace company’s stock valued at $76,000 after acquiring an additional 660 shares in the last quarter. 25.07% of the stock is owned by institutional investors.

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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