Heico (HEI) Earns Neutral Rating from Analysts at Robert W. Baird
Robert W. Baird started coverage on shares of Heico (NYSE:HEI) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued a neutral rating and a $84.00 price objective on the aerospace company’s stock.
A number of other analysts also recently commented on the stock. Zacks Investment Research raised shares of Heico from a hold rating to a buy rating and set a $80.00 price objective on the stock in a report on Thursday, April 26th. ValuEngine raised shares of Heico from a hold rating to a buy rating in a report on Wednesday, July 18th. Finally, Canaccord Genuity decreased their price objective on shares of Heico from $105.00 to $84.00 and set a buy rating on the stock in a report on Friday, June 29th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $73.57.
HEI stock traded down $0.01 during trading on Wednesday, reaching $76.99. 123,958 shares of the company were exchanged, compared to its average volume of 270,725. The company has a market cap of $10.23 billion, a P/E ratio of 57.03, a P/E/G ratio of 3.45 and a beta of 0.62. Heico has a 52-week low of $51.39 and a 52-week high of $78.58. The company has a current ratio of 3.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 19th. Shareholders of record on Wednesday, July 11th were issued a $0.06 dividend. The ex-dividend date was Tuesday, July 10th. Heico’s dividend payout ratio (DPR) is presently 8.89%.
In other Heico news, Director Alan Schriesheim sold 5,347 shares of the company’s stock in a transaction dated Wednesday, July 11th. The shares were sold at an average price of $62.59, for a total value of $334,668.73. Following the sale, the director now owns 16,041 shares of the company’s stock, valued at $1,004,006.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurans A. Mendelson sold 30,000 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $76.21, for a total transaction of $2,286,300.00. Following the completion of the sale, the chief executive officer now directly owns 740,910 shares in the company, valued at approximately $56,464,751.10. The disclosure for this sale can be found here. Insiders sold 138,048 shares of company stock worth $10,439,596 in the last ninety days. Insiders own 9.88% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Chilton Investment Co. LLC lifted its holdings in shares of Heico by 29.5% in the second quarter. Chilton Investment Co. LLC now owns 603,108 shares of the aerospace company’s stock valued at $43,985,000 after purchasing an additional 137,304 shares in the last quarter. AGF Investments Inc. lifted its stake in shares of Heico by 25.0% during the second quarter. AGF Investments Inc. now owns 97,656 shares of the aerospace company’s stock valued at $7,122,000 after buying an additional 19,531 shares during the period. Citadel Advisors LLC lifted its stake in shares of Heico by 175.3% during the second quarter. Citadel Advisors LLC now owns 49,915 shares of the aerospace company’s stock valued at $3,640,000 after buying an additional 31,783 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Heico by 23.9% during the second quarter. Gamco Investors INC. ET AL now owns 128,432 shares of the aerospace company’s stock valued at $9,367,000 after buying an additional 24,778 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Heico by 25.0% during the second quarter. Gabelli Funds LLC now owns 11,718 shares of the aerospace company’s stock valued at $855,000 after buying an additional 2,343 shares during the period. 22.92% 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 for aerospace and industrial original equipment manufacturers, and the United States government.
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