Heico (NYSE:HEI) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Heico (NYSE:HEI) in a research report report published on Wednesday morning,Benzinga reports. The brokerage issued an equal weight rating and a $290.00 price objective on the aerospace company’s stock.

HEI has been the subject of several other reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $375.00 price target (up from $355.00) on shares of Heico in a research report on Monday, December 22nd. Susquehanna assumed coverage on shares of Heico in a research note on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price objective on the stock. UBS Group restated 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. BNP Paribas Exane raised Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. 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, December 22nd. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $365.29.

Heico Stock Performance

NYSE:HEI opened at $275.74 on Wednesday. The stock’s 50-day moving average is $314.11 and its 200-day moving average is $319.17. Heico has a 1-year low of $229.07 and a 1-year high of $361.69. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The stock has a market cap of $38.47 billion, a P/E ratio of 54.49, a price-to-earnings-growth ratio of 3.36 and a beta of 1.07.

Heico (NYSE:HEI) last issued its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts anticipate that Heico will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Heico

Large investors have recently modified their holdings of the company. World Investment Advisors boosted its position in Heico by 10.2% during the fourth quarter. World Investment Advisors now owns 1,760 shares of the aerospace company’s stock valued at $570,000 after acquiring an additional 163 shares during the last quarter. Bayban bought a new position in shares of Heico in the 4th quarter worth about $89,000. Alpine Global Management LLC acquired a new position in shares of Heico in the 4th quarter valued at about $374,000. Birchwood Financial Partners Inc. bought a new stake in shares of Heico during the 4th quarter valued at about $32,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Heico during the 4th quarter valued at about $3,571,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.