Heico (NYSE:HEI) Upgraded at BNP Paribas Exane

Heico (NYSE:HEI) was upgraded by BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a report released on Friday, Marketbeat Ratings reports.

A number of other research firms have also recently issued reports on HEI. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Citigroup reiterated a “buy” rating and set a $415.00 price target (up from $367.00) on shares of Heico in a report on Tuesday, January 13th. UBS Group reissued a “neutral” rating and issued a $371.00 price target (up from $359.00) on shares of Heico in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th. Finally, Stifel Nicolaus set a $370.00 target price on shares of Heico and gave the company a “buy” rating in a research note on Monday, December 22nd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $364.43.

Heico Stock Performance

Shares of HEI opened at $313.56 on Friday. The company has a market capitalization of $43.70 billion, a PE ratio of 61.97, a PEG ratio of 3.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83. The company’s 50 day moving average price is $337.58 and its 200 day moving average price is $322.74. Heico has a 52 week low of $229.07 and a 52 week high of $361.69.

Heico (NYSE:HEI) last issued its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.93%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $1.20 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts expect that Heico will post 4.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFC & Insurance Marketing Inc. bought a new position in Heico in the 4th quarter worth $26,000. Westside Investment Management Inc. grew its position in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in shares of Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in shares of Heico in the third quarter worth about $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Heico during the 3rd quarter worth about $31,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

About Heico

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.