Heico Corporation (NYSE:HEI) – Investment analysts at SunTrust Banks increased their FY2018 earnings estimates for Heico in a research note issued to investors on Monday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will post earnings of $2.50 per share for the year, up from their prior forecast of $2.37. SunTrust Banks has a “Buy” rating and a $96.00 price objective on the stock. SunTrust Banks also issued estimates for Heico’s FY2019 earnings at $2.76 EPS.

Several other equities research analysts also recently weighed in on HEI. Canaccord Genuity reissued a “buy” rating and issued a $91.00 target price (up previously from $80.00) on shares of Heico in a research report on Thursday, August 10th. Deutsche Bank downgraded shares of Heico from a “buy” rating to a “hold” rating and boosted their target price for the stock from $80.00 to $86.00 in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Heico from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded shares of Heico from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Jefferies Group reissued a “hold” rating and issued a $89.00 target price (up previously from $75.00) on shares of Heico in a research report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $92.78.

Heico (HEI) traded up $0.06 on Tuesday, hitting $88.85. 339,200 shares of the stock traded hands, compared to its average volume of 184,265. The company has a market cap of $7,498.76, a P/E ratio of 43.78, a P/E/G ratio of 4.03 and a beta of 0.73. Heico has a one year low of $59.94 and a one year high of $93.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.89 and a quick ratio of 1.39.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. boosted its holdings in shares of Heico by 1.5% in the 2nd quarter. Suntrust Banks Inc. now owns 12,918 shares of the aerospace company’s stock valued at $927,000 after buying an additional 194 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Heico by 24.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock valued at $182,000 after buying an additional 502 shares during the period. Virtu KCG Holdings LLC boosted its holdings in shares of Heico by 24.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock valued at $237,000 after buying an additional 639 shares during the period. Fortaleza Asset Management Inc. boosted its holdings in shares of Heico by 25.0% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 3,287 shares of the aerospace company’s stock valued at $236,000 after buying an additional 657 shares during the period. Finally, 1st Global Advisors Inc. boosted its holdings in shares of Heico by 24.8% in the 2nd quarter. 1st Global Advisors Inc. now owns 3,383 shares of the aerospace company’s stock valued at $243,000 after buying an additional 672 shares during the period. 26.97% of the stock is owned by institutional investors and hedge funds.

In other news, VP Thomas S. Irwin sold 20,000 shares of Heico stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $76.28, for a total value of $1,525,600.00. Following the completion of the transaction, the vice president now directly owns 31,110 shares of the company’s stock, valued at approximately $2,373,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark H. Hildebrandt purchased 1,316 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was acquired at an average cost of $76.13 per share, with a total value of $100,187.08. The disclosure for this purchase can be found here. 9.76% of the stock is currently owned by insiders.

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Heico Company Profile

HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.

Earnings History and Estimates for Heico (NYSE:HEI)

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