Heico Corporation (NYSE:HEI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Heico Corporation (NYSE:HEI) have received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $343.6154.

A number of equities research analysts recently weighed in on HEI shares. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Robert W. Baird upped their price objective on shares of Heico from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Jefferies Financial Group restated a “buy” rating on shares of Heico in a research note on Monday, August 18th. Royal Bank Of Canada set a $350.00 target price on shares of Heico in a report on Wednesday, August 27th. Finally, BNP Paribas Exane began coverage on shares of Heico in a report on Tuesday, November 18th. They issued a “neutral” rating and a $330.00 price target on the stock.

Heico Stock Performance

HEI opened at $308.00 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58. Heico has a 12-month low of $216.68 and a 12-month high of $338.92. The business has a 50 day moving average of $315.14 and a 200-day moving average of $313.14. The stock has a market cap of $42.87 billion, a price-to-earnings ratio of 67.40, a PEG ratio of 3.64 and a beta of 1.08.

Insider Buying and Selling

In other news, Director Adolfo Henriques bought 676 shares of the stock in a transaction dated Friday, October 10th. The shares were bought at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the purchase, the director owned 24,069 shares in the company, valued at approximately $5,871,151.17. This trade represents a 2.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Neitzel purchased 676 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the acquisition, the director owned 676 shares in the company, valued at $164,896.68. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 4,448 shares of company stock valued at $1,086,933 in the last ninety days. 9.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Heico

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of Heico by 45.7% in the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after purchasing an additional 241,559 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Heico by 0.6% during the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock worth $180,347,000 after buying an additional 3,166 shares during the last quarter. Congress Asset Management Co. lifted its position in shares of Heico by 366.0% during the 2nd quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company’s stock worth $101,174,000 after buying an additional 242,264 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its stake in Heico by 1.2% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company’s stock valued at $65,695,000 after buying an additional 2,331 shares in the last quarter. Finally, Munro Partners grew its position in Heico by 8.5% in the third quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock valued at $63,800,000 after acquiring an additional 15,560 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Heico Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.