Heico Corporation (NYSE:HEI) – Investment analysts at SunTrust Banks lowered their FY2017 earnings per share (EPS) estimates for shares of Heico in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings per share of $2.10 for the year, down from their previous estimate of $2.14. SunTrust Banks currently has a “Buy” rating and a $96.00 price target on the stock. SunTrust Banks also issued estimates for Heico’s Q4 2017 earnings at $0.57 EPS.

Several other research analysts also recently commented on HEI. Canaccord Genuity reaffirmed a “buy” rating and issued a $91.00 price objective (up from $80.00) on shares of Heico in a report on Thursday, August 10th. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Tuesday. BidaskClub downgraded shares of Heico from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Jefferies Group reaffirmed a “hold” rating and issued a $89.00 price objective (up from $75.00) on shares of Heico in a report on Thursday, August 24th. Finally, Seaport Global Securities began coverage on shares of Heico in a report on Tuesday, September 12th. They issued a “neutral” rating and a $90.00 price objective for the company. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Heico presently has an average rating of “Buy” and a consensus price target of $92.78.

Shares of Heico (NYSE:HEI) opened at $88.85 on Wednesday. The stock has a market cap of $7,498.76, a P/E ratio of 43.78, a PEG ratio of 4.03 and a beta of 0.73. Heico has a one year low of $59.94 and a one year high of $93.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89.

In related news, VP Thomas S. Irwin sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $76.28, for a total value of $1,525,600.00. Following the completion of the transaction, the vice president now directly owns 31,110 shares of the company’s stock, valued at approximately $2,373,070.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark H. Hildebrandt purchased 1,316 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was purchased at an average cost of $76.13 per share, with a total value of $100,187.08. The disclosure for this purchase can be found here. 9.76% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new position in Heico in the 3rd quarter valued at $871,000. PEAK6 Investments L.P. bought a new position in Heico in the 3rd quarter valued at $289,000. King Luther Capital Management Corp boosted its holdings in Heico by 5.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,970 shares of the aerospace company’s stock valued at $1,344,000 after purchasing an additional 737 shares during the period. Invictus RG bought a new position in Heico in the 3rd quarter valued at $763,000. Finally, Virginia Retirement Systems ET AL bought a new position in Heico in the 3rd quarter valued at $763,000. 26.97% of the stock is owned by hedge funds and other institutional investors.

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About Heico

HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.

Earnings History and Estimates for Heico (NYSE:HEI)

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