Heico (NYSE:HEI) Upgraded to “Buy” at Wall Street Zen

Heico (NYSE:HEI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts have also recently issued reports on the stock. Citigroup reissued a “buy” rating and set a $415.00 price target (up from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. Susquehanna began coverage on shares of Heico in a research report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $375.00 price target (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $375.00 price objective (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Heico currently has an average rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Trading Up 1.9%

HEI opened at $319.03 on Friday. Heico has a 52 week low of $229.07 and a 52 week high of $361.69. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $337.43 and a 200-day simple moving average of $322.79. The firm has a market cap of $44.46 billion, a P/E ratio of 63.05, a P/E/G ratio of 3.45 and a beta of 1.01.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. Heico had a return on equity of 16.93% and a net margin of 15.38%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $1.20 EPS. Heico’s revenue was up 14.4% on a year-over-year basis. On average, equities analysts expect that Heico will post 4.2 earnings per share for the current year.

Institutional Trading of Heico

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in Heico by 45.7% during the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock worth $248,476,000 after buying an additional 241,559 shares during the last quarter. Munro Partners purchased a new position in shares of Heico in the 2nd quarter valued at about $59,720,000. CI Investments Inc. raised its position in shares of Heico by 40.0% during the 4th quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock worth $53,080,000 after acquiring an additional 46,846 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Heico by 263.2% during the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock worth $19,521,000 after purchasing an additional 43,821 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Heico by 12.1% in the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock valued at $105,615,000 after purchasing an additional 35,288 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.