Heico (NYSE:HEI) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Heico (NYSE:HEI – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Other equities analysts have also issued research reports about the company. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research note on Friday. Truist Financial upped their target price on Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Susquehanna initiated coverage on shares of Heico in a research report on Friday, January 23rd. They set a “neutral” rating and a $385.00 price target for the company. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the company a “buy” rating in a research note on Monday, December 22nd. Finally, Citigroup reiterated a “buy” rating and issued a $415.00 price objective (up from $367.00) on shares of Heico in a research note on Tuesday, January 13th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $364.43.

View Our Latest Research Report on HEI

Heico Stock Performance

Shares of Heico stock opened at $328.88 on Friday. The company has a 50 day moving average price of $337.32 and a 200 day moving average price of $323.03. The firm has a market capitalization of $45.83 billion, a P/E ratio of 65.00, a PEG ratio of 3.53 and a beta of 1.01. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. Heico has a 52 week low of $229.07 and a 52 week high of $361.69.

Heico (NYSE:HEI – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.93%. The business 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 business posted $1.20 EPS. Heico’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts expect that Heico will post 4.2 EPS for the current year.

Heico Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a yield of 7.0%. Heico’s dividend payout ratio is 4.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. acquired a new stake in shares of Heico during the 4th quarter valued at about $26,000. Westside Investment Management Inc. boosted its position in Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Heico by 1,000.0% in 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 period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Heico in the third quarter valued at approximately $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Heico during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

About Heico

(Get Free Report)

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.

Read More