Heico (NYSE:HEI) Upgraded at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Heico (NYSE:HEI) from a neutral rating to an outperform rating in a research note released on Friday morning, Marketbeat Ratings reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Citigroup reissued a “buy” rating and issued a $415.00 price objective (up from $367.00) on shares of Heico in a research note on Tuesday, January 13th. Stifel Nicolaus set a $370.00 target price on Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Truist Financial boosted their price target on Heico from $366.00 to $391.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.43.

Heico Trading Up 1.9%

Shares of Heico stock opened at $319.03 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83. The stock has a market cap of $44.46 billion, a PE ratio of 63.05, a PEG ratio of 3.53 and a beta of 1.01. Heico has a 52-week low of $229.07 and a 52-week high of $361.69. The firm has a 50-day moving average of $337.43 and a 200-day moving average of $322.90.

Heico (NYSE:HEI) last announced its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.93%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. As a group, sell-side analysts forecast that Heico will post 4.2 EPS for the current year.

Heico Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio (DPR) is 4.74%.

Hedge Funds Weigh In On Heico

Several large investors have recently bought and sold shares of HEI. IFC & Insurance Marketing Inc. acquired a new stake in shares of Heico during the fourth quarter valued at about $26,000. Westside Investment Management Inc. raised its holdings in Heico by 100.0% in the 3rd 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. CBIZ Investment Advisory Services LLC raised its holdings in Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Heico during the 3rd quarter worth approximately $29,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Heico during the 3rd quarter worth approximately $31,000. 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.