Heico (NYSE:HEI) Earns Buy Rating from Analysts at Citigroup

Citigroup started coverage on shares of Heico (NYSE:HEI) in a research note issued to investors on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $367.00 target price on the aerospace company’s stock.

Several other research firms have also issued reports on HEI. BNP Paribas Exane began coverage on shares of Heico in a report on Tuesday, November 18th. They set a “neutral” rating and a $330.00 target price for the company. Robert W. Baird lifted their price objective on Heico from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Stifel Nicolaus set a $360.00 target price on Heico in a report on Tuesday, August 26th. Barclays raised their price target on Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Finally, UBS Group upped their price target on shares of Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $345.29.

Heico Stock Down 1.5%

Shares of Heico stock opened at $310.61 on Thursday. Heico has a 1 year low of $216.68 and a 1 year high of $338.92. The firm has a market cap of $43.24 billion, a price-to-earnings ratio of 67.97, a PEG ratio of 3.05 and a beta of 1.04. The company has a 50-day moving average of $313.87 and a 200 day moving average of $315.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51.

Insider Activity

In other Heico news, Director Thomas M. Culligan acquired 676 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the transaction, the director directly owned 11,030 shares of the company’s stock, valued at approximately $2,690,547.90. This represents a 6.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol F. Fine bought 672 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, with a total value of $163,920.96. Following the transaction, the director owned 672 shares in the company, valued at $163,920.96. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 4,448 shares of company stock valued at $1,086,933. Corporate insiders own 9.55% of the company’s stock.

Institutional Investors Weigh In On Heico

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEI. Caitong International Asset Management Co. Ltd raised its stake in Heico by 17,800.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after buying an additional 178 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Heico by 11.3% in the first quarter. American Century Companies Inc. now owns 312,615 shares of the aerospace company’s stock worth $83,528,000 after acquiring an additional 31,834 shares during the period. Cresset Asset Management LLC increased its position in Heico by 25.1% during the first quarter. Cresset Asset Management LLC now owns 6,929 shares of the aerospace company’s stock valued at $1,851,000 after acquiring an additional 1,390 shares during the last quarter. Corient IA LLC bought a new position in Heico in the first quarter valued at about $668,000. Finally, Aviso Financial Inc. purchased a new position in Heico in the first quarter worth about $2,144,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

About Heico

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.