Heico (NYSE:HEI) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Heico from “hold” to “buy.” Overall analyst sentiment is “Moderate Buy,” with an average price target of $382.43 versus the stock’s $335.83 opening price.
• Heico reported quarterly EPS of $1.67, exceeding estimates of $1.51, while revenue rose 23.1% year over year to $1.41 billion, above expectations of $1.36 billion.
• Heico shares have traded between $256.11 and $376.86 over the past year, with a market capitalization of approximately $46.9 billion; institutional investors own 27.12% of the company.

Heico (NYSE:HEI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Monday.

Several other equities research analysts also recently weighed in on the company. Susquehanna increased their price target on Heico from $321.00 to $365.00 and gave the stock a "neutral" rating in a report on Friday, May 29th. UBS Group reissued a "neutral" rating and issued a $396.00 price objective (up from $382.00) on shares of Heico in a research note on Thursday. Royal Bank Of Canada upped their price objective on shares of Heico from $375.00 to $390.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. Jefferies Financial Group set a $430.00 target price on shares of Heico and gave the stock a "buy" rating in a research note on Wednesday. Finally, Citigroup lifted their target price on shares of Heico from $429.00 to $441.00 and gave the company a "buy" rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $382.43.

Heico Stock Down 0.2%

HEI opened at $335.83 on Monday. The business has a 50 day moving average price of $353.82 and a two-hundred day moving average price of $321.54. 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 has a market cap of $46.90 billion, a PE ratio of 55.88, a P/E/G ratio of 3.36 and a beta of 1.04. Heico has a 52 week low of $256.11 and a 52 week high of $376.86.

Heico (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%.The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the firm earned $1.26 EPS. The firm's revenue for the quarter was up 23.1% on a year-over-year basis. As a group, research analysts anticipate that Heico will post 6.09 EPS for the current year.

Insider Activity at Heico

In related news, CAO Bradley K. Rowen sold 1,326 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.86% of the stock is owned by company insiders.

Institutional Trading of Heico

Several large investors have recently bought and sold shares of HEI. Diamant Asset Management Inc. raised its stake in Heico by 25,698.9% in the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company's stock valued at $209,392,000 after purchasing an additional 760,687 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Heico by 0.6% during the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company's stock worth $180,347,000 after purchasing an additional 3,166 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Heico by 12.1% during the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company's stock worth $105,615,000 after buying an additional 35,288 shares in the last quarter. Munro Partners grew its holdings in shares of Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company's stock worth $92,190,000 after buying an additional 87,265 shares in the last quarter. Finally, Weitz Investment Management Inc. acquired a new position in shares of Heico in the second quarter valued at approximately $52,737,000. Institutional investors and hedge funds own 27.12% of the company's stock.

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.

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