Heico (NYSE:HEI) had its price target upped by SunTrust Banks to $96.00 in a research note issued on Monday. The brokerage currently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ price objective suggests a potential upside of 8.05% from the company’s previous close. SunTrust Banks also issued estimates for Heico’s Q4 2017 earnings at $0.57 EPS, FY2017 earnings at $2.10 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.76 EPS.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Heico from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Canaccord Genuity upped their price objective on shares of Heico from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. BidaskClub downgraded shares of Heico from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Seaport Global Securities assumed coverage on shares of Heico in a report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 price objective on the stock. Finally, Deutsche Bank downgraded shares of Heico from a “buy” rating to a “hold” rating and upped their price objective for the stock from $80.00 to $86.00 in a report on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Heico presently has a consensus rating of “Buy” and an average target price of $92.78.
Heico (NYSE:HEI) opened at $88.85 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89. Heico has a 1-year low of $59.94 and a 1-year high of $93.00. The firm has a market cap of $7,498.76, a price-to-earnings ratio of 43.78, a price-to-earnings-growth ratio of 4.03 and a beta of 0.73.
In other news, Director Mark H. Hildebrandt bought 1,316 shares of the stock in a transaction dated Thursday, October 5th. The stock was bought at an average price of $76.13 per share, for a total transaction of $100,187.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas S. Irwin sold 20,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $76.28, for a total transaction of $1,525,600.00. Following the completion of the sale, the vice president now owns 31,110 shares of the company’s stock, valued at approximately $2,373,070.80. The disclosure for this sale can be found here. Corporate insiders own 9.76% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HEI. D.A. Davidson & CO. grew its position in Heico by 24.7% during the second quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock valued at $182,000 after buying an additional 502 shares during the period. Ironwood Investment Counsel LLC bought a new position in Heico during the third quarter valued at about $201,000. RKL Wealth Management LLC bought a new position in Heico during the third quarter valued at about $201,000. Comerica Bank bought a new position in Heico during the second quarter valued at about $209,000. Finally, Fortaleza Asset Management Inc. grew its position in Heico by 25.0% during the second quarter. Fortaleza Asset Management Inc. now owns 3,287 shares of the aerospace company’s stock valued at $236,000 after buying an additional 657 shares during the period. Institutional investors own 26.97% of the company’s stock.
Heico Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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