Heico (NYSE:HEI) Hits New 1-Year High at $133.81

Heico Corp (NYSE:HEI)’s share price reached a new 52-week high on Friday . The stock traded as high as $133.81 and last traded at $133.81, with a volume of 1141035 shares changing hands. The stock had previously closed at $131.55.

Several research firms have recently weighed in on HEI. Zacks Investment Research raised Heico from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a report on Friday, May 24th. Robert W. Baird raised Heico from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $95.00 to $125.00 in a report on Thursday, May 23rd. Canaccord Genuity reissued a “buy” rating and issued a $110.00 target price (up from $105.00) on shares of Heico in a report on Monday, May 20th. UBS Group boosted their target price on Heico from $85.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Finally, Credit Suisse Group boosted their target price on Heico from $127.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $114.44.

The business’s 50 day moving average is $117.95. The company has a quick ratio of 1.56, a current ratio of 3.20 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $17.91 billion, a PE ratio of 73.93, a PEG ratio of 4.47 and a beta of 0.67.

Heico (NYSE:HEI) last posted its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.11. The firm had revenue of $515.60 million during the quarter, compared to the consensus estimate of $480.17 million. Heico had a return on equity of 18.31% and a net margin of 15.36%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. On average, equities research analysts predict that Heico Corp will post 2.22 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, June 28th. Heico’s dividend payout ratio is presently 7.73%.

In other Heico news, Director Alan Schriesheim sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.86, for a total transaction of $686,880.00. Following the transaction, the director now owns 1,700 shares in the company, valued at approximately $145,962. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark H. Hildebrandt bought 963 shares of the company’s stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $103.34 per share, for a total transaction of $99,516.42. The disclosure for this purchase can be found here. Insiders have sold a total of 175,473 shares of company stock worth $17,384,987 in the last quarter. 9.23% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HEI. Nordea Investment Management AB raised its position in shares of Heico by 1.4% in the 1st quarter. Nordea Investment Management AB now owns 52,744 shares of the aerospace company’s stock worth $5,003,000 after buying an additional 739 shares during the period. Advisory Services Network LLC raised its position in shares of Heico by 30.8% in the 1st quarter. Advisory Services Network LLC now owns 13,219 shares of the aerospace company’s stock worth $1,254,000 after buying an additional 3,110 shares during the period. TCW Group Inc. raised its position in shares of Heico by 4.7% in the 1st quarter. TCW Group Inc. now owns 81,422 shares of the aerospace company’s stock worth $7,725,000 after buying an additional 3,633 shares during the period. Federated Investors Inc. PA raised its position in shares of Heico by 7.8% in the 1st quarter. Federated Investors Inc. PA now owns 829,546 shares of the aerospace company’s stock worth $78,699,000 after buying an additional 59,748 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Heico by 381.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,263 shares of the aerospace company’s stock worth $310,000 after buying an additional 2,585 shares during the period. Institutional investors own 24.90% of the company’s stock.

Heico Company Profile (NYSE:HEI)

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.

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