Heico (NYSE:HEI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Heico (NYSE:HEI) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Morgan Stanley set a $370.00 target price on shares of Heico in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their price target on Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Citigroup restated a “buy” rating and issued a $429.00 price target (up from $410.00) on shares of Heico in a research note on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Heico in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.69.

Heico Stock Down 1.1%

HEI stock opened at $370.69 on Friday. The stock has a market capitalization of $51.77 billion, a P/E ratio of 66.19, a P/E/G ratio of 3.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. Heico has a 1-year low of $256.11 and a 1-year high of $376.86. The business has a fifty day moving average price of $350.63 and a 200-day moving average price of $320.08.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm posted $1.12 earnings per share. Heico’s revenue was up 25.3% compared to the same quarter last year. Equities analysts forecast that Heico will post 5.95 earnings per share for the current fiscal year.

Heico Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s dividend payout ratio (DPR) is presently 4.64%.

Insider Buying and Selling at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Heico

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. bought a new position in Heico in the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC grew its holdings in Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Heico in the fourth quarter worth about $32,000. Miller Capital Partners Inc. purchased a new stake in Heico in the fourth quarter worth about $70,000. Finally, BNP Paribas bought a new position in shares of Heico in the fourth quarter worth about $79,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Company Profile

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.