Shares of Heico Corp (NYSE:HEI) have received an average rating of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $81.26.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Heico from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group raised Heico from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. SunTrust Banks increased their price target on Heico to $76.80 and gave the company a “buy” rating in a research note on Monday, December 4th. Canaccord Genuity reissued a “buy” rating and issued a $88.00 price target (up previously from $76.00) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Stephens set a $84.00 price target on Heico and gave the company a “hold” rating in a research note on Friday, January 19th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Heico in the 4th quarter valued at $118,000. Ironwood Investment Counsel LLC bought a new stake in shares of Heico in the 3rd quarter valued at $201,000. RKL Wealth Management LLC bought a new stake in shares of Heico in the 3rd quarter valued at $201,000. Virtu KCG Holdings LLC increased its position in shares of Heico by 24.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock valued at $237,000 after buying an additional 639 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its position in shares of Heico by 24.8% in the 2nd quarter. 1st Global Advisors Inc. now owns 3,383 shares of the aerospace company’s stock valued at $243,000 after buying an additional 672 shares in the last quarter. Institutional investors and hedge funds own 21.12% of the company’s stock.
Heico (NYSE:HEI) last posted its quarterly earnings data on Monday, December 18th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.04. Heico had a return on equity of 15.70% and a net margin of 12.20%. The firm had revenue of $421.22 million for the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. analysts forecast that Heico will post 2.03 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were given a $0.056 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, January 2nd. Heico’s dividend payout ratio is currently 6.43%.
Heico Company Profile
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.
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