Heico (NYSE:HEI) Rating Reiterated by UBS Group

Heico (NYSE:HEI)‘s stock had its “buy” rating reaffirmed by analysts at UBS Group in a report released on Friday, Stock Target Advisor reports. They currently have a $73.00 price objective on the aerospace company’s stock. UBS Group’s price objective suggests a potential downside of 40.01% from the company’s previous close.

Other analysts also recently issued research reports about the company. Canaccord Genuity upped their target price on Heico from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. ValuEngine upgraded Heico from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Barclays restated a “neutral” rating and issued a $72.00 target price on shares of Heico in a research note on Thursday, October 17th. SunTrust Banks upped their target price on Heico from $128.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $76.00 target price on shares of Heico in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $110.08.

Shares of HEI traded up $0.26 during mid-day trading on Friday, reaching $121.69. The company had a trading volume of 333,991 shares, compared to its average volume of 469,676. Heico has a 52-week low of $71.47 and a 52-week high of $147.93. The company has a quick ratio of 1.44, a current ratio of 2.98 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $16.38 billion, a P/E ratio of 67.23, a PEG ratio of 3.44 and a beta of 0.57. The stock has a 50 day moving average of $122.85 and a two-hundred day moving average of $126.18.

Heico (NYSE:HEI) last issued its earnings results on Tuesday, August 27th. The aerospace company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Heico had a return on equity of 18.58% and a net margin of 15.55%. The firm had revenue of $532.32 million for the quarter, compared to the consensus estimate of $510.67 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts expect that Heico will post 2.31 earnings per share for the current year.

In other Heico news, Director Frank J. Schwitter purchased 1,210 shares of the stock in a transaction on Monday, October 28th. The shares were bought 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 owns 1,313 shares of the company’s stock, valued at approximately $124,498.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric A. Mendelson purchased 949 shares of the stock in a transaction on Tuesday, October 29th. The shares were acquired at an average price of $120.70 per share, for a total transaction of $114,544.30. Following the transaction, the insider now directly owns 1,198,939 shares of the company’s stock, valued at approximately $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 business. Riverbridge Partners LLC raised its holdings in shares of Heico by 1.8% during the third quarter. Riverbridge Partners LLC now owns 983,038 shares of the aerospace company’s stock valued at $122,762,000 after acquiring an additional 17,386 shares during the last quarter. EULAV Asset Management raised its holdings in shares of Heico by 0.4% during the second quarter. EULAV Asset Management now owns 416,799 shares of the aerospace company’s stock valued at $55,772,000 after acquiring an additional 1,800 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Heico by 10,711.5% during the second quarter. Thoroughbred Financial Services LLC now owns 329,858 shares of the aerospace company’s stock valued at $32,986,000 after acquiring an additional 326,807 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Heico by 49.7% during the second quarter. First Trust Advisors LP now owns 231,181 shares of the aerospace company’s stock valued at $30,934,000 after acquiring an additional 76,797 shares during the last quarter. Finally, AXA acquired a new position in shares of Heico during the second quarter valued at approximately $24,835,000. Institutional investors own 25.56% 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.

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Analyst Recommendations for Heico (NYSE:HEI)

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