Heico Corp (NYSE:HEI) Receives Average Rating of “Hold” from Brokerages
Shares of Heico Corp (NYSE:HEI) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $104.88.
Several analysts have weighed in on HEI shares. SunTrust Banks cut Heico from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Canaccord Genuity raised their price target on Heico from $90.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Vertical Research cut Heico from a “buy” rating to a “hold” rating and lowered their price target for the company from $72.00 to $70.00 in a report on Monday, March 30th. Robert W. Baird lowered their price target on Heico from $170.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Finally, UBS Group lowered their price target on Heico from $110.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, April 17th.
Shares of HEI stock traded down $0.87 on Tuesday, hitting $99.88. 303,059 shares of the stock were exchanged, compared to its average volume of 638,156. The company has a current ratio of 4.39, a quick ratio of 2.60 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.46 billion, a PE ratio of 37.69, a P/E/G ratio of 7.96 and a beta of 1.12. Heico has a one year low of $52.01 and a one year high of $147.93. The firm’s 50 day moving average is $102.17 and its two-hundred day moving average is $102.58.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 0.2%. Heico’s dividend payout ratio (DPR) is currently 6.96%.
In other news, insider Eric A. Mendelson sold 100,000 shares of Heico stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $92.21, for a total value of $9,221,000.00. Following the sale, the insider now directly owns 1,198,939 shares in the company, valued at approximately $110,554,165.19. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank J. Schwitter sold 700 shares of Heico stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $85.08, for a total value of $59,556.00. Following the completion of the sale, the director now owns 613 shares in the company, valued at $52,154.04. The disclosure for this sale can be found here. Insiders sold a total of 209,813 shares of company stock worth $19,159,982 over the last ninety days. Insiders own 8.56% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its position in shares of Heico by 5.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 2,239 shares of the aerospace company’s stock valued at $256,000 after purchasing an additional 107 shares in the last quarter. Bell Bank boosted its position in shares of Heico by 1.3% during the fourth quarter. Bell Bank now owns 9,556 shares of the aerospace company’s stock valued at $1,091,000 after purchasing an additional 125 shares in the last quarter. Hengehold Capital Management LLC boosted its position in shares of Heico by 5.4% during the first quarter. Hengehold Capital Management LLC now owns 2,959 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 151 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Heico by 7.5% during the fourth quarter. IHT Wealth Management LLC now owns 2,315 shares of the aerospace company’s stock valued at $264,000 after purchasing an additional 161 shares in the last quarter. Finally, Symmetry Partners LLC raised its stake in Heico by 5.2% during the first quarter. Symmetry Partners LLC now owns 4,361 shares of the aerospace company’s stock valued at $325,000 after buying an additional 217 shares during the last quarter. Institutional investors own 26.50% of the company’s stock.
Heico Company Profile
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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