Heico (NYSE:HEI) Stock Rating Upgraded by Wall Street Zen

Heico (NYSE:HEI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts have also recently issued reports on HEI. Stifel Nicolaus set a $370.00 target price on shares of Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. Susquehanna started coverage on shares of Heico in a research note on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target on the stock. Truist Financial upped their price objective on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. UBS Group reiterated a “neutral” rating and issued a $371.00 price objective (up from $359.00) on shares of Heico in a report on Monday, December 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $375.00 target price (up from $350.00) on shares of Heico in a report on Monday, December 22nd. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $364.43.

Heico Trading Up 1.9%

HEI stock opened at $319.03 on Friday. Heico has a 12-month low of $229.07 and a 12-month high of $361.69. The business’s 50-day moving average is $337.43 and its 200 day moving average is $322.79. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The stock has a market cap of $44.46 billion, a price-to-earnings ratio of 63.05, a PEG ratio of 3.45 and a beta of 1.01.

Heico (NYSE:HEI) last released its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Heico had a return on equity of 16.93% and a net margin of 15.38%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share. On average, sell-side analysts anticipate that Heico will post 4.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Heico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in shares of Heico by 45.7% during the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock worth $248,476,000 after purchasing an additional 241,559 shares during the period. Munro Partners purchased a new stake in Heico in the 2nd quarter valued at about $59,720,000. CI Investments Inc. lifted its position in Heico by 40.0% in 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 during the last quarter. 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 worth $19,521,000 after buying an additional 43,821 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Heico by 12.1% during the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock worth $105,615,000 after buying an additional 35,288 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

About Heico

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.