HEICO Co. (NYSE:HEI – Get Rating) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,730,000 shares, a decrease of 9.9% from the August 15th total of 1,920,000 shares. Currently, 4.7% of the company's stock are sold short. Based on an average trading volume of 305,100 shares, the short-interest ratio is presently 5.7 days.
Analysts Set New Price Targets
HEI has been the topic of a number of research reports. StockNews.com lowered shares of HEICO from a "buy" rating to a "hold" rating in a research note on Wednesday, July 27th. Morgan Stanley increased their price objective on shares of HEICO from $180.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, August 31st. Truist Financial dropped their price target on HEICO from $182.00 to $165.00 and set a "buy" rating for the company in a research report on Tuesday, July 19th. UBS Group decreased their price objective on HEICO to $138.00 in a report on Wednesday, May 25th. Finally, Jefferies Financial Group upgraded HEICO from a "hold" rating to a "buy" rating and set a $180.00 price objective on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, HEICO currently has an average rating of "Moderate Buy" and a consensus price target of $167.14.
Get HEICO alerts:HEICO Stock Up 1.0 %
NYSE:HEI traded up $1.57 during trading hours on Wednesday, hitting $153.63. The company's stock had a trading volume of 598 shares, compared to its average volume of 326,223. The stock has a fifty day moving average of $153.04 and a 200-day moving average of $145.92. The stock has a market capitalization of $20.98 billion, a P/E ratio of 61.56, a price-to-earnings-growth ratio of 4.79 and a beta of 1.17. HEICO has a 52-week low of $125.94 and a 52-week high of $165.61. The company has a current ratio of 3.12, a quick ratio of 1.55 and a debt-to-equity ratio of 0.10.
HEICO (NYSE:HEI – Get Rating) last issued its quarterly earnings data on Monday, August 29th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). HEICO had a return on equity of 14.26% and a net margin of 16.15%. The firm had revenue of $569.53 million for the quarter, compared to analysts' expectations of $555.44 million. During the same period in the previous year, the business posted $0.56 EPS. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts forecast that HEICO will post 2.56 earnings per share for the current year.Institutional Investors Weigh In On HEICO
A number of hedge funds have recently added to or reduced their stakes in the company. Capital World Investors lifted its position in HEICO by 15.1% in the fourth quarter. Capital World Investors now owns 3,481,181 shares of the aerospace company's stock valued at $502,056,000 after purchasing an additional 456,514 shares during the period. Lazard Asset Management LLC lifted its position in HEICO by 17.5% in the second quarter. Lazard Asset Management LLC now owns 1,338,171 shares of the aerospace company's stock valued at $175,460,000 after purchasing an additional 199,232 shares during the period. Baird Financial Group Inc. lifted its position in HEICO by 1.7% in the second quarter. Baird Financial Group Inc. now owns 505,845 shares of the aerospace company's stock valued at $66,327,000 after purchasing an additional 8,234 shares during the period. Jennison Associates LLC lifted its position in shares of HEICO by 1.4% during the 1st quarter. Jennison Associates LLC now owns 382,336 shares of the aerospace company's stock valued at $58,704,000 after acquiring an additional 5,157 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of HEICO by 6.2% during the 2nd quarter. Federated Hermes Inc. now owns 346,613 shares of the aerospace company's stock valued at $45,448,000 after acquiring an additional 20,223 shares during the period. Institutional investors and hedge funds own 27.39% of the company's stock.
About HEICO
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on HEICO (HEI)
- 3 Defensive Stocks With 60-Year Dividend Hike Streaks
- General Mills: Superior Returns With Less Volatility
- 3 Airline Stocks Stuck in a Holding Pattern
- Roku Stock is Down but Not Out
- If You're Hungry for Value, Take a Bite on Ruth's Hospitality Grp
Receive News & Ratings for HEICO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HEICO and related companies with MarketBeat.com's FREE daily email newsletter.