Shares of Heico Corporation (NYSE:HEI) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $90.63.

HEI has been the topic of several analyst reports. Credit Suisse Group reissued an “outperform” rating and set a $98.00 target price (up previously from $85.00) on shares of Heico Corporation in a research report on Tuesday, August 29th. Zacks Investment Research upgraded Heico Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Tuesday, August 29th. Bank of America Corporation upgraded Heico Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $95.00 in a report on Tuesday, August 29th. Canaccord Genuity boosted their price objective 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 restated a “hold” rating and set a $89.00 price objective (up previously from $75.00) on shares of Heico Corporation in a report on Thursday, August 24th.

In other news, Director Mark H. Hildebrandt bought 1,316 shares of the stock in a transaction on Thursday, October 5th. The stock was acquired at an average cost of $76.13 per share, for a total transaction of $100,187.08. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas S. Irwin sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the vice president now owns 31,110 shares of the company’s stock, valued at $2,373,070.80. The disclosure for this sale can be found here. 9.76% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Concorde Asset Management LLC lifted its holdings in shares of Heico Corporation by 72.1% in the 3rd quarter. Concorde Asset Management LLC now owns 17,585 shares of the aerospace company’s stock worth $1,579,000 after buying an additional 7,366 shares during the period. Nine Chapters Capital Management LLC purchased a new stake in shares of Heico Corporation in the 3rd quarter worth $323,000. Ironwood Investment Counsel LLC purchased a new stake in shares of Heico Corporation in the 3rd quarter worth $201,000. Parametrica Management Ltd purchased a new stake in shares of Heico Corporation in the 3rd quarter worth $350,000. Finally, Copeland Capital Management LLC lifted its holdings in shares of Heico Corporation by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 384,041 shares of the aerospace company’s stock worth $34,491,000 after buying an additional 1,108 shares during the period. Institutional investors and hedge funds own 26.14% of the company’s stock.

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Heico Corporation (NYSE:HEI) last released its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. Heico Corporation had a return on equity of 15.56% and a net margin of 12.04%. The business had revenue of $391.50 million for the quarter, compared to the consensus estimate of $390.55 million. During the same quarter in the previous year, the company posted $0.62 EPS. The company’s revenue was up 9.9% compared to the same quarter last year.

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.

Analyst Recommendations for Heico Corporation (NYSE:HEI)

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