Shares of Heico Corp (NYSE:HEI) have been given an average rating of “Buy” by the nine research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $88.69.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research reiterated a “hold” rating on shares of Heico in a report on Tuesday, November 13th. UBS Group upped their price objective on Heico from $83.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 30th. Jefferies Financial Group boosted their target price on Heico to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. SunTrust Banks boosted their target price on Heico to $97.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Finally, Canaccord Genuity boosted their target price on Heico from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th.
Shares of HEI traded down $1.00 during midday trading on Monday, reaching $81.11. The stock had a trading volume of 560,122 shares, compared to its average volume of 299,686. Heico has a 12-month low of $57.29 and a 12-month high of $94.12. The company has a current ratio of 2.86, a quick ratio of 1.32 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $10.91 billion, a P/E ratio of 60.08, a PEG ratio of 3.39 and a beta of 0.88.
In related news, insider Victor H. Mendelson bought 1,311 shares of the stock in a transaction dated Tuesday, October 9th. The stock was bought at an average price of $88.21 per share, with a total value of $115,643.31. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan Schriesheim sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $76.44, for a total value of $305,760.00. Following the transaction, the director now directly owns 28,700 shares of the company’s stock, valued at approximately $2,193,828. The disclosure for this sale can be found here. Insiders own 9.88% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Heico by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,368,528 shares of the aerospace company’s stock worth $846,674,000 after acquiring an additional 287,080 shares in the last quarter. Standard Life Aberdeen plc grew its stake in shares of Heico by 63.2% in the 2nd quarter. Standard Life Aberdeen plc now owns 584,212 shares of the aerospace company’s stock worth $42,610,000 after buying an additional 226,270 shares during the last quarter. Chilton Investment Co. LLC grew its stake in shares of Heico by 29.5% in the 2nd quarter. Chilton Investment Co. LLC now owns 603,108 shares of the aerospace company’s stock worth $43,985,000 after buying an additional 137,304 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Heico by 26.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 491,419 shares of the aerospace company’s stock worth $35,839,000 after buying an additional 101,939 shares during the last quarter. Finally, Navellier & Associates Inc grew its stake in shares of Heico by 124.1% in the 2nd quarter. Navellier & Associates Inc now owns 128,714 shares of the aerospace company’s stock worth $9,387,000 after buying an additional 71,284 shares during the last quarter. 31.26% of the stock is owned by institutional investors and hedge funds.
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 for aerospace and industrial original equipment manufacturers, and the United States government.
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