HEICO (NYSE:HEI) Rating Increased to Buy at Wall Street Zen

HEICO (NYSE:HEI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued reports about the company. Truist Financial dropped their target price on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. William Blair reiterated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Morgan Stanley increased their target price on HEICO from $270.00 to $305.00 and gave the company an "equal weight" rating in a research report on Wednesday. Barclays set a $280.00 target price on HEICO and gave the company an "equal weight" rating in a research report on Monday. Finally, UBS Group lifted their price objective on HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $279.45.

HEICO Price Performance

NYSE:HEI traded up $2.50 during trading hours on Friday, hitting $303.64. The company's stock had a trading volume of 391,135 shares, compared to its average volume of 475,807. The stock has a fifty day simple moving average of $264.05 and a 200-day simple moving average of $253.40. The company has a market capitalization of $42.19 billion, a P/E ratio of 82.96, a PEG ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO has a twelve month low of $216.68 and a twelve month high of $304.80.

HEICO (NYSE:HEI - Get Free Report) last posted its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.03 by $0.09. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business's quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, analysts anticipate that HEICO will post 4.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alan Schriesheim sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the completion of the sale, the director now owns 122,197 shares of the company's stock, valued at $36,458,696.92. This trade represents a 22.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now directly owns 418 shares of the company's stock, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,056 shares of company stock worth $22,699,941. 9.55% of the stock is currently owned by insiders.

Institutional Trading of HEICO

Several large investors have recently modified their holdings of HEI. Compass Financial Services Inc acquired a new stake in shares of HEICO during the 4th quarter worth approximately $26,000. Ridgewood Investments LLC grew its position in HEICO by 92.0% in the 1st quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 46 shares during the period. NBC Securities Inc. acquired a new stake in HEICO in the 1st quarter valued at $27,000. Costello Asset Management INC acquired a new stake in HEICO in the 1st quarter valued at $27,000. Finally, Banque Transatlantique SA acquired a new stake in HEICO in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 27.12% of the company's stock.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its 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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