Heico (NYSE:HEI) Raised to Buy at Wall Street Zen

by · The Markets Daily

Heico (NYSE:HEI – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently commented on HEI. UBS Group increased their price target on shares of Heico from $346.00 to $375.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Truist Financial upped their price objective on shares of Heico from $352.00 to $366.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. BNP Paribas Exane assumed coverage on shares of Heico in a research report on Tuesday, November 18th. They issued a “neutral” rating and a $330.00 target price on the stock. Royal Bank Of Canada set a $350.00 price target on shares of Heico in a research note on Wednesday, August 27th. Finally, Barclays raised their price objective on Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $345.29.

View Our Latest Stock Report on Heico

Heico Price Performance

HEI opened at $310.61 on Friday. The company has a current ratio of 3.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $43.24 billion, a P/E ratio of 67.97, a PEG ratio of 3.05 and a beta of 1.04. The stock has a 50-day moving average price of $313.87 and a 200-day moving average price of $315.21. Heico has a 12-month low of $216.68 and a 12-month high of $338.92.

Insiders Place Their Bets

In other news, Director Mark H. Hildebrandt acquired 400 shares of the stock in a transaction dated Tuesday, October 21st. The stock was purchased at an average cost of $248.76 per share, with a total value of $99,504.00. Following the completion of the purchase, the director owned 1,181 shares in the company, valued at approximately $293,785.56. The trade was a 51.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol F. Fine bought 672 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the purchase, the director directly owned 672 shares of the company’s stock, valued at $163,920.96. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 4,448 shares of company stock worth $1,086,933. 9.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Heico

Hedge funds have recently made changes to their positions in the business. Avalon Capital Management raised its holdings in shares of Heico by 0.9% during the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock valued at $1,278,000 after acquiring an additional 33 shares in the last quarter. Ridgewood Investments LLC increased its position in Heico by 36.5% during the 2nd quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 35 shares during the period. Simon Quick Advisors LLC increased its position in Heico by 5.8% during the 3rd quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock valued at $211,000 after purchasing an additional 36 shares during the period. Pekin Hardy Strauss Inc. raised its holdings in Heico by 4.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock worth $286,000 after purchasing an additional 37 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Company Profile

(Get Free Report)

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.

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