Heico (NYSE:HEI) Receives “Buy” Rating from DZ Bank

DZ Bank reissued their buy rating on shares of Heico (NYSE:HEI) in a research report sent to investors on Friday, November 8th, Stock Target Advisor reports.

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HEI has been the subject of several other reports. Bank of America lowered Heico from a buy rating to an underperform rating and set a $105.00 target price for the company. in a report on Thursday, July 11th. They noted that the move was a valuation call. Robert W. Baird increased their price objective on Heico from $125.00 to $170.00 and gave the company an outperform rating in a report on Tuesday, August 13th. ValuEngine raised Heico from a sell rating to a hold rating in a report on Friday, November 1st. Credit Suisse Group increased their price objective on Heico from $133.00 to $163.00 and gave the company an outperform rating in a report on Thursday, August 29th. They noted that the move was a valuation call. Finally, UBS Group lowered Heico from a neutral rating to a sell rating and increased their price objective for the company from $120.00 to $134.00 in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $110.08.

Shares of HEI stock traded up $0.93 during trading on Friday, hitting $129.44. The company’s stock had a trading volume of 339,783 shares, compared to its average volume of 400,700. The company has a market cap of $17.24 billion, a PE ratio of 71.51, a P/E/G ratio of 3.61 and a beta of 0.57. The company has a current ratio of 2.98, a quick ratio of 1.44 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $122.51 and a 200-day moving average of $126.86. Heico has a 52 week low of $71.47 and a 52 week high of $147.93.

Heico (NYSE:HEI) last released its earnings results on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $532.32 million during the quarter, compared to analyst estimates of $510.67 million. Heico had a return on equity of 18.58% and a net margin of 15.55%. Heico’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. As a group, research analysts predict that Heico will post 2.33 EPS for the current year.

In related news, Director Frank J. Schwitter bought 1,210 shares of the company’s stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $94.82 per share, for a total transaction of $114,732.20. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $124,498.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric A. Mendelson bought 949 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of $120.70 per share, for a total transaction of $114,544.30. Following the transaction, the insider now owns 1,198,939 shares of the company’s stock, valued at $144,711,937.30. The disclosure for this purchase can be found here. Corporate insiders own 9.23% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Griffin Asset Management Inc. purchased a new stake in shares of Heico in the second quarter worth $31,000. Doyle Wealth Management purchased a new stake in shares of Heico in the second quarter worth $171,000. Ibex Investors LLC purchased a new stake in shares of Heico in the second quarter worth $229,000. Fox Run Management L.L.C. purchased a new stake in shares of Heico in the third quarter worth $237,000. Finally, FineMark National Bank & Trust purchased a new stake in shares of Heico in the second quarter worth $239,000. Institutional investors own 25.49% 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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

Further Reading: Stock Symbols and CUSIP Explained

Analyst Recommendations for Heico (NYSE:HEI)

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