Heico (NYSE:HEI) Lowered to Hold Rating by Wall Street Zen

Heico (NYSE:HEI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

HEI has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $375.00 price objective (up previously from $355.00) on shares of Heico in a report on Monday. Bank of America boosted their price target on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, September 5th. BNP Paribas Exane began coverage on shares of Heico in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $330.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Heico in a report on Monday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $375.00 target price (up from $350.00) on shares of Heico in a report on Monday. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Heico presently has an average rating of “Moderate Buy” and an average target price of $357.07.

Heico Trading Down 0.9%

NYSE HEI opened at $334.99 on Friday. Heico has a 12 month low of $216.68 and a 12 month high of $340.11. The company has a current ratio of 2.83, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average price is $316.25 and its 200-day moving average price is $316.67. The stock has a market cap of $46.68 billion, a P/E ratio of 68.23, a P/E/G ratio of 3.79 and a beta of 1.04.

Heico (NYSE:HEI) last posted its earnings results on Thursday, December 18th. The aerospace company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. As a group, equities analysts forecast that Heico will post 4.2 EPS for the current fiscal year.

Insider Activity

In other Heico news, Director Thomas M. Culligan purchased 676 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the acquisition, the director directly owned 11,030 shares in the company, valued at $2,690,547.90. The trade was a 6.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark H. Hildebrandt acquired 400 shares of the stock in a transaction dated Tuesday, October 21st. The stock was acquired at an average price of $248.76 per share, for a total transaction of $99,504.00. Following the completion of the transaction, the director directly owned 1,181 shares of the company’s stock, valued at approximately $293,785.56. This represents a 51.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 4,448 shares of company stock worth $1,086,933. 9.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Heico

Several large investors have recently made changes to their positions in HEI. Westside Investment Management Inc. boosted its stake in Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after buying an additional 43 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in shares of Heico during the 3rd quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Heico in the third quarter valued at $31,000. Ridgewood Investments LLC increased its position in Heico by 36.5% in the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 35 shares during the last quarter. Finally, Banque Transatlantique SA raised its stake in Heico by 36.8% during the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 68 shares in the last quarter. 27.12% of the stock is 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.