Heico (NYSE:HEI) Stock Rating Reaffirmed by DZ Bank

Heico (NYSE:HEI)‘s stock had its “buy” rating reissued by research analysts at DZ Bank in a research report issued to clients and investors on Friday, Stock Target Advisor reports.

Several other analysts have also issued reports on the company. SunTrust Banks upped their target price on Heico from $128.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Bank of America lowered Heico from a “buy” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Thursday, July 11th. They noted that the move was a valuation call. Independent Research reissued a “neutral” rating and set a $73.00 price objective on shares of Heico in a research note on Friday. Credit Suisse Group increased their price objective on Heico from $133.00 to $163.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. They noted that the move was a valuation call. Finally, UBS Group lowered Heico from a “neutral” rating to a “sell” rating and increased their price objective for the company from $120.00 to $134.00 in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $110.08.

HEI traded up $0.26 during midday trading on Friday, hitting $121.69. The stock had a trading volume of 333,991 shares, compared to its average volume of 469,676. The company has a market cap of $16.38 billion, a P/E ratio of 67.23, a price-to-earnings-growth ratio of 3.44 and a beta of 0.57. The business has a fifty day moving average of $122.85 and a 200 day moving average of $126.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.44 and a current ratio of 2.98. Heico has a 1 year low of $71.47 and a 1 year high of $147.93.

Heico (NYSE:HEI) last issued its earnings results on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business had revenue of $532.32 million during the quarter, compared to analyst estimates of $510.67 million. Heico had a return on equity of 18.58% and a net margin of 15.55%. Heico’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts anticipate that Heico will post 2.31 earnings per share for the current year.

In other Heico news, Director Frank J. Schwitter bought 1,210 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average price of $94.82 per share, for a total transaction of $114,732.20. Following the completion of the acquisition, the director now directly owns 1,313 shares in the company, valued at $124,498.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric A. Mendelson bought 949 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average price of $120.70 per share, with a total value of $114,544.30. Following the acquisition, the insider now owns 1,198,939 shares of the company’s stock, valued at $144,711,937.30. The disclosure for this purchase can be found here. Corporate insiders own 9.23% of the company’s stock.

Several institutional investors have recently made changes to their positions in HEI. Griffin Asset Management Inc. bought a new position in shares of Heico during the second quarter valued at approximately $31,000. Doyle Wealth Management bought a new position in shares of Heico during the second quarter valued at approximately $171,000. Ibex Investors LLC bought a new position in shares of Heico during the second quarter valued at approximately $229,000. Fox Run Management L.L.C. bought a new position in shares of Heico during the third quarter valued at approximately $237,000. Finally, FineMark National Bank & Trust bought a new position in shares of Heico during the second quarter valued at approximately $239,000. Institutional investors own 25.56% of the company’s stock.

About Heico

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.

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