Heico (NYSE:HEI) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Heico (NYSE:HEI) to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus set a $370.00 target price on shares of Heico and gave the company a “buy” rating in a research note on Monday, December 22nd. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. UBS Group reissued a “neutral” rating and set a $371.00 price objective (up from $359.00) on shares of Heico in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research report on Monday, December 22nd. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $358.71.

Heico Price Performance

NYSE:HEI opened at $271.70 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. Heico has a one year low of $229.07 and a one year high of $361.69. The company has a fifty day moving average price of $312.76 and a 200 day moving average price of $318.84. The stock has a market cap of $37.91 billion, a P/E ratio of 53.70, a PEG ratio of 3.37 and a beta of 1.07.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors lifted its stake in Heico by 10.2% during the fourth quarter. World Investment Advisors now owns 1,760 shares of the aerospace company’s stock worth $570,000 after purchasing an additional 163 shares during the period. Bayban bought a new stake in shares of Heico in the 4th quarter valued at approximately $89,000. Alpine Global Management LLC acquired a new position in shares of Heico in the 4th quarter worth approximately $374,000. Birchwood Financial Partners Inc. acquired a new position in shares of Heico in the 4th quarter worth approximately $32,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Heico during the 4th quarter worth approximately $3,571,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.