Heico (NYSE:HEI – Get Free Report) was upgraded by equities researchers at Rothschild & Co Redburn to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.
A number of other research analysts also recently commented on HEI. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Wells Fargo & Company started coverage on shares of Heico in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $290.00 target price for the company. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings cut shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Finally, Citigroup decreased their target price on shares of Heico from $400.00 to $323.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Heico has an average rating of “Moderate Buy” and an average price target of $358.80.
Heico Price Performance
Heico (NYSE:HEI – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Heico had a return on equity of 16.57% and a net margin of 15.38%.The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 EPS. On average, sell-side analysts anticipate that Heico will post 5.56 EPS for the current year.
Insider Activity
In other news, Director Julie Neitzel sold 676 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.86% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in HEI. Diamant Asset Management Inc. boosted its holdings in shares of Heico by 25,698.9% in the first quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock valued at $209,392,000 after acquiring an additional 760,687 shares in the last quarter. American Century Companies Inc. boosted its stake in Heico by 45.7% during the third quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after buying an additional 241,559 shares in the last quarter. Munro Partners boosted its stake in Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after buying an additional 87,265 shares in the last quarter. CI Investments Inc. boosted its stake in Heico by 40.0% during the fourth quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock valued at $53,080,000 after buying an additional 46,846 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Heico by 263.2% during the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock valued at $19,521,000 after buying an additional 43,821 shares in 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.
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