Heico (NYSE:HEI) Raised to “Hold” at BNP Paribas

Heico (NYSE:HEI) was upgraded by equities researchers at BNP Paribas to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on HEI. Weiss Ratings reissued a “buy (b)” rating on shares of Heico in a research report on Monday. UBS Group lifted their price target on Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Zacks Research upgraded shares of Heico to a “hold” rating in a research report on Monday, August 11th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Heico in a research report on Monday, August 18th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $343.62.

Heico Stock Down 0.8%

Shares of NYSE HEI opened at $307.36 on Tuesday. Heico has a 1 year low of $216.68 and a 1 year high of $338.92. The company has a market capitalization of $42.79 billion, a price-to-earnings ratio of 67.26, a price-to-earnings-growth ratio of 3.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The business has a 50-day moving average of $316.92 and a two-hundred day moving average of $310.21.

Heico (NYSE:HEI) last posted its earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.14. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. On average, analysts forecast that Heico will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Heico

In other news, Director Adolfo Henriques acquired 676 shares of Heico stock in a transaction that occurred on Friday, October 10th. The stock was purchased at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the transaction, the director directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas M. Culligan bought 676 shares of the company’s stock in a transaction on Friday, October 10th. The shares were acquired at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the transaction, the director directly owned 11,030 shares in the company, valued at $2,690,547.90. This trade represents a 6.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 4,448 shares of company stock valued at $1,086,933. Insiders own 9.55% of the company’s stock.

Institutional Investors Weigh In On Heico

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ridgewood Investments LLC lifted its stake in shares of Heico by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Costello Asset Management INC acquired a new stake in shares of Heico during the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. lifted its position in shares of Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 43 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Heico during the 3rd quarter worth approximately $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Heico in the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds 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.