Heico (NYSE:HEI) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Heico (NYSE:HEI) in a research note issued on Tuesday. The brokerage set a “buy” rating and a $352.00 price target on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 10.13% from the company’s current price.

A number of other brokerages have also recently issued reports on HEI. Wells Fargo & Company upped their target price on shares of Heico from $244.00 to $278.00 and gave the company an “equal weight” rating in a report on Friday, May 30th. Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. William Blair reaffirmed an “outperform” rating on shares of Heico in a research report on Tuesday, March 25th. Barclays set a $280.00 target price on Heico and gave the stock an “equal weight” rating in a research note on Monday, June 2nd. Finally, UBS Group increased their price target on Heico from $264.00 to $306.00 and gave the company a “neutral” rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $286.00.

Heico Stock Up 1.3%

NYSE:HEI opened at $319.64 on Tuesday. Heico has a twelve month low of $216.68 and a twelve month high of $322.03. The firm has a market capitalization of $44.46 billion, a price-to-earnings ratio of 74.68, a price-to-earnings-growth ratio of 4.01 and a beta of 1.07. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $276.89 and its two-hundred day moving average price is $255.84.

Heico (NYSE:HEI) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. Heico had a net margin of 14.54% and a return on equity of 15.88%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Equities research analysts expect that Heico will post 4.2 earnings per share for the current fiscal year.

Insider Activity

In other Heico news, Director Julie Neitzel sold 700 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the transaction, the director now owns 418 shares in the company, valued at $102,924.14. This represents a 62.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,056 shares of company stock valued at $22,699,941. 9.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Heico

Several institutional investors have recently made changes to their positions in HEI. Wealthfront Advisers LLC increased its stake in Heico by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC bought a new position in shares of Heico in the fourth quarter worth $110,503,000. EULAV Asset Management increased its position in shares of Heico by 1.8% in the first quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company’s stock worth $123,360,000 after purchasing an additional 8,000 shares during the period. Fisher Asset Management LLC raised its stake in Heico by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in Heico by 2.3% during the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company’s stock worth $88,244,000 after purchasing an additional 8,300 shares during the period. 27.12% of the stock is currently owned by institutional investors.

About Heico

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.