Heico Corp. (NYSE:HEI) has received an average recommendation of “Hold” from the six research firms that are covering the company. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $74.25.
HEI has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Heico Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $75.00 price target (down from $82.00) on shares of Heico Corp. in a research report on Thursday, August 18th. Jefferies Group reaffirmed a “hold” rating and set a $72.00 price target on shares of Heico Corp. in a research report on Thursday, August 25th. Credit Suisse Group AG raised their price target on shares of Heico Corp. from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 25th. Finally, Bank of America Corp. lowered shares of Heico Corp. from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Tuesday, August 30th. They noted that the move was a valuation call.
A number of large investors have recently made changes to their positions in the company. Riverbridge Partners LLC increased its stake in shares of Heico Corp. by 9.1% in the second quarter. Riverbridge Partners LLC now owns 1,335,913 shares of the company’s stock worth $89,252,000 after buying an additional 111,369 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Heico Corp. by 1.4% in the second quarter. Brown Advisory Inc. now owns 637,781 shares of the company’s stock worth $42,611,000 after buying an additional 8,559 shares during the last quarter. Ardevora Asset Management LLP increased its stake in shares of Heico Corp. by 7.9% in the second quarter. Ardevora Asset Management LLP now owns 434,100 shares of the company’s stock worth $29,002,000 after buying an additional 31,600 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in Heico Corp. during the second quarter worth $22,317,000. Finally, Eagle Asset Management Inc. increased its stake in Heico Corp. by 100.3% in the second quarter. Eagle Asset Management Inc. now owns 199,673 shares of the company’s stock worth $13,340,000 after buying an additional 100,009 shares during the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.
Heico Corp. (NYSE:HEI) opened at 68.48 on Friday. Heico Corp. has a 52 week low of $47.86 and a 52 week high of $75.01. The firm has a 50 day moving average of $69.77 and a 200-day moving average of $65.75. The company has a market capitalization of $4.61 billion, a P/E ratio of 30.99 and a beta of 0.55.
Heico Corp. (NYSE:HEI) last released its quarterly earnings results on Wednesday, August 24th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Heico Corp. had a net margin of 11.19% and a return on equity of 15.99%. The business had revenue of $356.10 million for the quarter, compared to analyst estimates of $356.35 million. During the same period last year, the firm earned $0.51 earnings per share. Heico Corp.’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, analysts forecast that Heico Corp. will post $2.15 earnings per share for the current year.
About Heico Corp.
HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and manufactures other critical aircraft parts.
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