Heico (NYSE:HEI) Stock Rating Lowered 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 report issued on Sunday.

Other equities analysts have also issued reports about the company. Truist Financial raised their target price on Heico from $366.00 to $391.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the company a “buy” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th. Citigroup reiterated 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 target price (up from $355.00) on shares of Heico in a research 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $364.43.

Heico Price Performance

NYSE HEI opened at $303.45 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Heico has a 1 year low of $229.07 and a 1 year high of $361.69. The company has a market cap of $42.29 billion, a PE ratio of 59.97, a PEG ratio of 3.72 and a beta of 1.01. The stock’s 50-day moving average price is $335.50 and its two-hundred day moving average price is $323.13.

Heico (NYSE:HEI) last announced its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company posted $1.20 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts predict that Heico will post 4.2 EPS for the current year.

Institutional Investors Weigh In On Heico

A number of institutional investors and hedge funds have recently modified their holdings of HEI. IFC & Insurance Marketing Inc. acquired a new position in shares of Heico during the 4th quarter worth approximately $26,000. Westside Investment Management Inc. boosted its holdings in shares of Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Heico during the 3rd quarter worth approximately $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Heico in the third quarter valued at about $31,000. 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.