Stephens Analysts Give Heico (HEI) a $104.00 Price Target
Several other brokerages have also recently weighed in on HEI. Canaccord Genuity boosted their price objective on Heico from $92.00 to $95.00 and gave the stock a buy rating in a report on Tuesday, October 24th. Zacks Investment Research cut Heico from a buy rating to a hold rating in a report on Tuesday, October 31st. SunTrust Banks boosted their price objective on Heico to $96.00 and gave the stock a buy rating in a report on Monday, December 4th. Finally, Seaport Global Securities assumed coverage on Heico in a report on Tuesday, September 12th. They set a neutral rating and a $90.00 price objective for the company. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $97.56.
Heico (NYSE HEI) opened at $96.89 on Monday. The stock has a market capitalization of $8,209.03, a price-to-earnings ratio of 45.68, a price-to-earnings-growth ratio of 4.39 and a beta of 0.73. Heico has a twelve month low of $60.00 and a twelve month high of $101.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a dividend yield of 0.15%. Heico’s payout ratio is currently 7.43%.
In related news, Director Mark H. Hildebrandt bought 1,316 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was bought at an average cost of $76.13 per share, for a total transaction of $100,187.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.76% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ironwood Investment Counsel LLC acquired a new position in shares of Heico in the 3rd quarter valued at approximately $201,000. RKL Wealth Management LLC bought a new stake in shares of Heico during the 3rd quarter worth approximately $201,000. D.A. Davidson & CO. raised its stake in shares of Heico by 24.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 502 shares in the last quarter. Comerica Bank bought a new stake in shares of Heico during the 2nd quarter worth approximately $209,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of Heico during the 3rd quarter worth approximately $289,000. Institutional investors and hedge funds own 26.93% of the company’s stock.
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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.
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