Morgan Stanley downgraded shares of HEICO (NYSE:HEI – Get Rating) from an overweight rating to an equal weight rating in a research note published on Monday, Marketbeat Ratings reports. They currently have $172.00 price target on the aerospace company's stock, down from their prior price target of $182.00.
HEI has been the subject of several other reports. Credit Suisse Group assumed coverage on shares of HEICO in a research note on Tuesday, October 11th. They issued an outperform rating and a $185.00 price target for the company. Wolfe Research assumed coverage on shares of HEICO in a research note on Monday, October 10th. They issued a peer perform rating for the company. Robert W. Baird boosted their price target on shares of HEICO from $160.00 to $186.00 and gave the stock an outperform rating in a research note on Tuesday, August 16th. Royal Bank of Canada raised shares of HEICO from a sector perform rating to an outperform rating and upped their price objective for the company from $150.00 to $175.00 in a research note on Monday, October 24th. Finally, Jefferies Financial Group raised shares of HEICO from a hold rating to a buy rating and set a $180.00 price objective for the company in a research note on Monday, September 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $171.57.
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HEICO Stock Performance
NYSE HEI opened at $153.04 on Monday. HEICO has a 52-week low of $126.95 and a 52-week high of $165.79. 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 company has a market capitalization of $20.90 billion, a P/E ratio of 61.96, a P/E/G ratio of 4.17 and a beta of 1.14. The company has a fifty day moving average of $156.84 and a 200-day moving average of $150.07.
Insider Activity at HEICO
In other HEICO news, Director Alan Schriesheim sold 6,000 shares of the company's stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $144.98, for a total value of $869,880.00. Following the sale, the director now owns 95,452 shares in the company, valued at $13,838,630.96. The sale was disclosed in a filing with the SEC, which is available through
the SEC website. In related news, Director Frank J. Schwitter sold 435 shares of the stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $112.37, for a total transaction of $48,880.95. Following the transaction, the director now owns 900 shares in the company, valued at $101,133. The sale was disclosed in a legal filing with the SEC, which can be accessed through
the SEC website. Also, Director Alan Schriesheim sold 6,000 shares of the stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $144.98, for a total transaction of $869,880.00. Following the transaction, the director now owns 95,452 shares in the company, valued at approximately $13,838,630.96. The disclosure for this sale can be found
here. 8.27% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Carnegie Capital Asset Management LLC raised its position in HEICO by 2.1% in the second quarter. Carnegie Capital Asset Management LLC now owns 19,675 shares of the aerospace company's stock worth $2,743,000 after acquiring an additional 407 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of HEICO in the first quarter worth $276,000. Bradley Foster & Sargent Inc. CT grew its stake in HEICO by 59.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 2,150 shares of the aerospace company's stock valued at $282,000 after acquiring an additional 800 shares in the last quarter. BMS Financial Advisors LLC grew its stake in HEICO by 10.2% during the first quarter. BMS Financial Advisors LLC now owns 3,245 shares of the aerospace company's stock valued at $426,000 after acquiring an additional 301 shares in the last quarter. Finally, Krane Funds Advisors LLC purchased a new position in HEICO during the first quarter valued at $403,000. 27.39% of the stock is currently owned by institutional investors.
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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