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 research report issued to clients and investors on Saturday.

A number of other equities analysts also recently commented on HEI. Truist Financial upgraded Heico to a “strong-buy” rating in a report on Friday, May 1st. Wells Fargo & Company set a $350.00 price objective on Heico and gave the stock an “equal weight” rating in a report on Monday. Citigroup restated a “buy” rating and issued a $403.00 price objective (up from $323.00) on shares of Heico in a report on Monday. Rothschild & Co Redburn set a $360.00 price objective on Heico and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Susquehanna increased their price objective on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.63.

Heico Trading Down 0.4%

NYSE:HEI opened at $331.57 on Friday. The stock’s 50 day moving average price is $291.99 and its 200 day moving average price is $311.91. Heico has a 52 week low of $256.11 and a 52 week high of $361.69. The company has a market capitalization of $46.26 billion, a P/E ratio of 59.21, a P/E/G ratio of 3.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.41 and a current ratio of 2.92.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. On average, research analysts forecast that Heico will post 5.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Heico news, Director Julie Neitzel sold 676 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Heico

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. acquired a new position in Heico during the fourth quarter valued at approximately $26,000. Westside Investment Management Inc. grew its holdings in Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in Heico during the fourth quarter valued at approximately $32,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Heico in the fourth quarter worth $37,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.