Heico Corporation (NYSE:HEI) Stock Rated “Moderate Buy” by Sell-Side Analysts

Heico Corporation (NYSE:HEI) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $391.07.

Several analysts recently commented on HEI shares. UBS Group restated a “neutral” rating and issued a $396.00 target price (up from $382.00) on shares of Heico in a research report on Thursday, August 27th. Melius Research set a $350.00 price target on Heico and gave the stock a “hold” rating in a research note on Monday, September 14th. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Jefferies Financial Group set a $430.00 price objective on shares of Heico and gave the company a “buy” rating in a research note on Wednesday, August 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Heico from $350.00 to $335.00 and set an “equal weight” rating for the company in a report on Wednesday.

Heico Price Performance

NYSE HEI opened at $302.81 on Tuesday. The company has a 50-day moving average price of $335.38 and a two-hundred day moving average price of $319.21. Heico has a 52 week low of $256.11 and a 52 week high of $376.86. The stock has a market cap of $42.32 billion, a price-to-earnings ratio of 50.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

Heico (NYSE:HEI) last released its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Heico had a return on equity of 18.00% and a net margin of 16.38%.The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Analysts forecast that Heico will post 6.25 EPS for the current year.

Institutional Trading of Heico

A number of institutional investors have recently made changes to their positions in the stock. Maridea Wealth Management LLC bought a new position in Heico during the second quarter valued at about $1,128,000. Silvant Capital Management LLC acquired a new stake in Heico in the 2nd quarter valued at about $9,385,000. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Heico during the 2nd quarter valued at about $1,262,000. Safeguard Investment Advisory Group LLC acquired a new position in shares of Heico in the 2nd quarter worth approximately $2,330,000. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Heico in the 2nd quarter worth approximately $1,315,000. 27.12% of the stock is owned by institutional investors and hedge funds.

About Heico

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.