HEICO Co. (NYSE:HEI – Get Rating)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $148.58, but opened at $151.57. HEICO shares last traded at $151.37, with a volume of 2,392 shares traded.
Wall Street Analyst Weigh In
HEI has been the subject of several analyst reports. StockNews.com lowered shares of HEICO from a "buy" rating to a "hold" rating in a research report on Wednesday, July 27th. Morgan Stanley raised their price target on HEICO from $180.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 31st. Robert W. Baird lifted their price target on HEICO from $160.00 to $186.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 16th. UBS Group dropped their price objective on HEICO to $138.00 in a research note on Wednesday, May 25th. Finally, Royal Bank of Canada lifted their target price on shares of HEICO from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 31st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $167.14.
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HEICO Trading Down 1.5 %
The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.55 and a current ratio of 3.12. The stock has a market capitalization of $20.77 billion, a P/E ratio of 61.56, a price-to-earnings-growth ratio of 4.61 and a beta of 1.17. The stock has a 50-day moving average price of $153.04 and a two-hundred day moving average price of $145.92.
HEICO (NYSE:HEI – Get Rating) last released its quarterly earnings results on Monday, August 29th. The aerospace company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). HEICO had a net
margin of 16.15% and a return on equity of 14.26%. The company had revenue of $569.53 million during the quarter, compared to the consensus estimate of $555.44 million. During the same quarter last year, the firm earned $0.56 EPS. The business's revenue was up 20.7% on a year-over-year basis. On average, research analysts forecast that HEICO Co. will post 2.56 EPS for the current fiscal year.
Hedge Funds Weigh In On HEICO
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wade G W & Inc. boosted its position in HEICO by 1.8% during the 2nd quarter. Wade G W & Inc. now owns 3,915 shares of the aerospace company's stock valued at $513,000 after acquiring an additional 69 shares in the last quarter. Wedbush Securities Inc. lifted its position in HEICO by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 2,967 shares of the aerospace company's stock valued at $456,000 after acquiring an additional 75 shares during the period. JJJ Advisors Inc. grew its holdings in HEICO by 61.3% in the first quarter. JJJ Advisors Inc. now owns 321 shares of the aerospace company's stock worth $50,000 after purchasing an additional 122 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of HEICO by 1.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 12,150 shares of the aerospace company's stock valued at $1,752,000 after purchasing an additional 125 shares during the last quarter. Finally, Crescent Grove Advisors LLC lifted its holdings in shares of HEICO by 4.2% during the first quarter. Crescent Grove Advisors LLC now owns 3,127 shares of the aerospace company's stock valued at $480,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 27.39% of the company's stock.
About HEICO
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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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- Get a free copy of the StockNews.com research report on HEICO (HEI)
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