HEICO (NYSE:HEI) Upgraded to “Buy” by Jefferies Financial Group

Jefferies Financial Group upgraded shares of HEICO (NYSE:HEIGet Rating) from a hold rating to a buy rating in a research report sent to investors on Monday morning, The Fly reports. They currently have $180.00 target price on the aerospace company’s stock.

HEI has been the topic of a number of other reports. Robert W. Baird upped their price target on shares of HEICO from $160.00 to $186.00 and gave the stock an outperform rating in a report on Tuesday, August 16th. StockNews.com lowered shares of HEICO from a buy rating to a hold rating in a research report 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 research report on Wednesday, August 31st. UBS Group decreased their price objective on shares of HEICO to $138.00 in a research report on Wednesday, May 25th. Finally, Royal Bank of Canada raised their price target on shares of HEICO from $145.00 to $150.00 and gave the stock a sector perform rating in a research report on Wednesday, August 31st. 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 a consensus rating of Moderate Buy and a consensus price target of $167.14.

HEICO Price Performance

HEI stock opened at $154.32 on Monday. HEICO has a one year low of $124.75 and a one year high of $165.61. The company’s fifty day moving average price is $152.68 and its 200-day moving average price is $145.87. 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 $21.08 billion, a PE ratio of 62.48, a price-to-earnings-growth ratio of 4.61 and a beta of 1.17.

HEICO (NYSE:HEIGet Rating) last released its quarterly earnings results on Monday, August 29th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). The business had revenue of $569.53 million for the quarter, compared to analysts’ expectations of $555.44 million. HEICO had a net margin of 16.15% and a return on equity of 14.26%. HEICO’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. On average, equities analysts anticipate that HEICO will post 2.56 EPS for the current fiscal year.

Hedge Funds Weigh In On HEICO

Institutional investors have recently bought and sold shares of the company. JJJ Advisors Inc. grew its position in HEICO by 61.3% in the 1st quarter. JJJ Advisors Inc. now owns 321 shares of the aerospace company’s stock valued at $50,000 after acquiring an additional 122 shares in the last quarter. Standard Family Office LLC acquired a new position in shares of HEICO during the first quarter worth about $101,000. Benjamin Edwards Inc. grew its position in shares of HEICO by 8,366.7% during the first quarter. Benjamin Edwards Inc. now owns 762 shares of the aerospace company’s stock worth $117,000 after buying an additional 753 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of HEICO during the first quarter worth about $121,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of HEICO during the first quarter worth about $147,000. 27.39% of the stock is owned by institutional investors and hedge funds.

HEICO Company Profile

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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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