Heico (NYSE:HEI) Upgraded by Rothschild & Co Redburn to “Strong-Buy” Rating

Rothschild & Co Redburn upgraded shares of Heico (NYSE:HEI) to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Citigroup decreased their price target on shares of Heico from $400.00 to $323.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Susquehanna started coverage on shares of Heico in a research report on Friday, January 23rd. They set a “neutral” rating and a $385.00 price objective for the company. Wells Fargo & Company started coverage on shares of Heico in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price objective for the company. Finally, BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Heico has an average rating of “Moderate Buy” and a consensus price target of $358.80.

Heico Trading Up 1.8%

HEI stock opened at $296.95 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The company’s 50-day simple moving average is $284.82 and its 200 day simple moving average is $312.13. Heico has a 52 week low of $256.11 and a 52 week high of $361.69. The company has a market capitalization of $41.43 billion, a PE ratio of 58.69, a price-to-earnings-growth ratio of 3.57 and a beta of 0.95.

Heico (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Heico’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Heico will post 5.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Heico

Several institutional investors and hedge funds have recently bought and sold shares of the company. IFC & Insurance Marketing Inc. bought a new position in shares of Heico in the fourth quarter worth about $26,000. Westside Investment Management Inc. lifted its holdings in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in shares of Heico in the third quarter worth about $29,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Heico in the third quarter worth about $31,000. Institutional investors own 27.12% of the company’s stock.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.