Heico Corp (NYSE:HEI) has been given an average recommendation of “Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $113.50.
A number of research analysts recently commented on the company. Canaccord Genuity reissued a “buy” rating and issued a $10.00 price target on shares of Synthesis Energy Systems in a report on Thursday, May 30th. SunTrust Banks boosted their price target on Okta to $110.00 and gave the stock a “hold” rating in a report on Friday, May 31st. ValuEngine cut Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Zacks Investment Research cut Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, UBS Group boosted their price target on Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th.
NYSE HEI traded down $0.93 during trading hours on Tuesday, reaching $137.13. The company’s stock had a trading volume of 507,125 shares, compared to its average volume of 565,962. The business’s 50-day moving average is $130.78. The company has a quick ratio of 1.56, a current ratio of 3.20 and a debt-to-equity ratio of 0.33. Heico has a 1 year low of $71.47 and a 1 year high of $139.24. The stock has a market cap of $18.35 billion, a P/E ratio of 75.76, a price-to-earnings-growth ratio of 4.44 and a beta of 0.70.
The company also recently disclosed a dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, June 28th. Heico’s payout ratio is 7.73%.
In other Heico news, CAO Steven M. Walker sold 4,200 shares of Heico stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $103.00, for a total value of $432,600.00. Following the sale, the chief accounting officer now owns 2,062 shares of the company’s stock, valued at approximately $212,386. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Laurans A. Mendelson sold 100,000 shares of Heico stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $98.17, for a total value of $9,817,000.00. Following the completion of the sale, the chief executive officer now directly owns 927,445 shares in the company, valued at approximately $91,047,275.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,473 shares of company stock worth $16,698,107. Corporate insiders own 9.23% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HEI. Macquarie Group Ltd. increased 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 valued at $27,000 after purchasing an additional 308 shares during the last quarter. West Oak Capital LLC increased 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 valued at $38,000 after purchasing an additional 150 shares during the last quarter. Executive Wealth Management LLC bought a new position in shares of Heico during the 4th quarter valued at approximately $43,000. Icon Wealth Partners LLC bought a new position in shares of Heico during the 1st quarter valued at approximately $96,000. Finally, Brand Asset Management Group Inc. bought a new position in shares of Heico during the 1st quarter valued at approximately $124,000. 24.90% of the stock is currently owned by hedge funds and other 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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