Shares of Heico Corporation (NYSE:HEI) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $90.63.
HEI has been the subject of several recent research reports. Credit Suisse Group reissued an “outperform” rating and set a $98.00 price target (up previously from $85.00) on shares of Heico Corporation in a research report on Tuesday, August 29th. Zacks Investment Research raised Heico Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, August 29th. Bank of America Corporation upgraded Heico Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $75.00 to $95.00 in a report on Tuesday, August 29th. Canaccord Genuity lifted their target price on Heico Corporation from $92.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $89.00 target price (up previously from $75.00) on shares of Heico Corporation in a report on Thursday, August 24th.
In related news, VP Thomas S. Irwin sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $76.28, for a total value of $1,525,600.00. Following the transaction, the vice president now owns 31,110 shares in the company, valued at $2,373,070.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark H. Hildebrandt purchased 1,316 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was acquired at an average price of $76.13 per share, for a total transaction of $100,187.08. The disclosure for this purchase can be found here. Insiders own 9.76% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HEI. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Heico Corporation in the first quarter worth about $202,000. KCG Holdings Inc. acquired a new position in shares of Heico Corporation in the first quarter worth about $232,000. Bath Savings Trust Co lifted its stake in shares of Heico Corporation by 26.7% in the second quarter. Bath Savings Trust Co now owns 18,560 shares of the aerospace company’s stock worth $1,334,000 after acquiring an additional 3,908 shares in the last quarter. KAMES CAPITAL plc lifted its stake in shares of Heico Corporation by 21.3% in the second quarter. KAMES CAPITAL plc now owns 18,420 shares of the aerospace company’s stock worth $1,323,000 after acquiring an additional 3,233 shares in the last quarter. Finally, Independence Advisors LLC acquired a new position in shares of Heico Corporation in the second quarter worth about $438,000. Institutional investors and hedge funds own 26.14% of the company’s stock.
Heico Corporation (HEI) traded up $0.96 during trading on Friday, reaching $90.85. The company’s stock had a trading volume of 78,422 shares, compared to its average volume of 181,168. The company has a market capitalization of $7,701.45, a PE ratio of 44.97 and a beta of 0.74.
Heico Corporation (NYSE:HEI) last released its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $391.50 million during the quarter, compared to the consensus estimate of $390.55 million. Heico Corporation had a return on equity of 15.56% and a net margin of 12.04%. Heico Corporation’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. research analysts predict that Heico Corporation will post 2.11 earnings per share for the current year.
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Heico Corporation Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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