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

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

Several other research analysts have also weighed in on the stock. Barclays set a $280.00 price objective on shares of HEICO and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. UBS Group boosted their price objective on shares of HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Truist Financial lowered their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley boosted their target price on HEICO from $270.00 to $305.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Finally, William Blair reissued an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, HEICO has an average rating of "Moderate Buy" and an average price target of $279.45.

HEICO Stock Up 0.2%

Shares of NYSE:HEI traded up $0.51 during trading on Friday, hitting $303.86. 429,415 shares of the company were exchanged, compared to its average volume of 476,263. The stock has a market cap of $42.27 billion, a price-to-earnings ratio of 83.02, a P/E/G ratio of 3.10 and a beta of 1.07. HEICO has a fifty-two week low of $216.68 and a fifty-two week high of $305.05. The firm has a fifty day moving average price of $264.73 and a two-hundred day moving average price of $253.23. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.88 EPS. As a group, research analysts anticipate that HEICO will post 4.2 earnings per share for the current fiscal year.

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 50,000 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $448,650. This represents a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,056 shares of company stock worth $22,699,941. Insiders own 9.55% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealthfront Advisers LLC grew its holdings in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC acquired a new stake in shares of HEICO during the 4th quarter worth $110,503,000. Freestone Grove Partners LP acquired a new stake in shares of HEICO during the 4th quarter worth $71,030,000. Mackenzie Financial Corp acquired a new stake in shares of HEICO during the 1st quarter worth $40,949,000. Finally, Squarepoint Ops LLC grew its holdings in shares of HEICO by 2,203.0% during the 4th quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock worth $20,691,000 after purchasing an additional 83,251 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

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. 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.