Zacks Research Upgrades Heico (NYSE:HEI) to Strong-Buy

Heico (NYSE:HEI) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on HEI. Jefferies Financial Group restated a “buy” rating and issued a $410.00 price target (up from $375.00) on shares of Heico in a research note on Thursday, May 28th. Citigroup restated a “buy” rating and issued a $403.00 price target (up from $323.00) on shares of Heico in a research note on Monday, June 1st. Royal Bank Of Canada boosted their price target on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Rothschild & Co Redburn set a $360.00 price target on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.63.

Heico Price Performance

Shares of NYSE:HEI opened at $320.72 on Tuesday. The firm’s 50 day moving average is $295.19 and its two-hundred day moving average is $312.26. Heico has a 52 week low of $256.11 and a 52 week high of $361.69. The firm has a market capitalization of $44.79 billion, a P/E ratio of 57.27, a PEG ratio of 3.48 and a beta of 1.03. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53.

Heico (NYSE:HEI) last announced its quarterly earnings results 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 net margin of 16.08% and a return on equity of 17.52%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $1.12 earnings per share. Heico’s revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that Heico will post 5.78 earnings per share for the current year.

Insider Activity at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.86% of the company’s stock.

Institutional Trading of Heico

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFC & Insurance Marketing Inc. bought a new stake in shares of Heico in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC lifted its stake 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 last quarter. Birchwood Financial Partners Inc. acquired a new stake in Heico during the fourth quarter valued at approximately $32,000. V Square Quantitative Management LLC acquired a new stake in Heico during the fourth quarter valued at approximately $37,000. Finally, FNY Investment Advisers LLC lifted its stake in Heico by 862.5% during the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 138 shares during the last quarter. 27.12% of the stock is currently owned by 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.