UBS Group reissued their buy rating on shares of Heico (NYSE:HEI) in a report released on Friday morning, Stock Target Advisor reports. UBS Group currently has a $73.00 target price on the aerospace company’s stock.
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HEI has been the topic of several other research reports. Bank of America cut shares of Heico from a buy rating to an underperform rating and set a $105.00 price objective on the stock. in a research report on Thursday, July 11th. They noted that the move was a valuation call. Canaccord Genuity raised their price objective on shares of Heico from $130.00 to $160.00 and gave the company a buy rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. restated a buy rating and set a $76.00 price objective on shares of Heico in a research report on Tuesday, October 22nd. DZ Bank restated a buy rating on shares of Heico in a research report on Friday. Finally, Barclays restated a neutral rating and set a $72.00 price objective on shares of Heico in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $110.08.
Shares of Heico stock traded up $0.26 on Friday, hitting $121.69. 333,991 shares of the company traded hands, compared to its average volume of 469,676. The firm’s 50-day simple moving average is $122.85 and its 200 day simple moving average is $126.18. The company has a current ratio of 2.98, a quick ratio of 1.44 and a debt-to-equity ratio of 0.39. The company has a market cap of $16.38 billion, a P/E ratio of 67.23, a P/E/G ratio of 3.44 and a beta of 0.57. Heico has a 12-month low of $71.47 and a 12-month high of $147.93.
Heico (NYSE:HEI) last posted its quarterly earnings data on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The firm had revenue of $532.32 million for the quarter, compared to analysts’ expectations of $510.67 million. Heico had a net margin of 15.55% and a return on equity of 18.58%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. Analysts predict 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 Heico stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $94.82 per share, with a total value of $114,732.20. Following the acquisition, the director now owns 1,313 shares in the company, valued at $124,498.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric A. Mendelson bought 949 shares of Heico stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average cost of $120.70 per share, for a total transaction of $114,544.30. Following the acquisition, the insider now owns 1,198,939 shares in the company, valued at approximately $144,711,937.30. The disclosure for this purchase can be found here. 9.23% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC grew its holdings in shares of Heico by 1.8% during the 3rd quarter. Riverbridge Partners LLC now owns 983,038 shares of the aerospace company’s stock valued at $122,762,000 after purchasing an additional 17,386 shares during the last quarter. EULAV Asset Management grew its holdings in Heico by 0.4% in the 2nd quarter. EULAV Asset Management now owns 416,799 shares of the aerospace company’s stock worth $55,772,000 after acquiring an additional 1,800 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in Heico by 10,711.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 329,858 shares of the aerospace company’s stock worth $32,986,000 after acquiring an additional 326,807 shares during the last quarter. First Trust Advisors LP grew its holdings in Heico by 49.7% in the 2nd quarter. First Trust Advisors LP now owns 231,181 shares of the aerospace company’s stock worth $30,934,000 after acquiring an additional 76,797 shares during the last quarter. Finally, AXA bought a new stake in Heico in the 2nd quarter worth $24,835,000. 25.56% of the stock is currently owned by institutional investors.
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.