Heico (NYSE:HEI) had its target price increased by Robert W. Baird from $125.00 to $170.00 in a research note released on Tuesday, The Fly reports. Robert W. Baird currently has an outperform rating on the aerospace company’s stock.
Other equities research analysts have also issued reports about the company. Bank of America lowered Heico from a buy rating to an underperform rating and set a $105.00 price target for the company. in a research note on Thursday, July 11th. They noted that the move was a valuation call. Credit Suisse Group raised their price target on Heico from $127.00 to $133.00 and gave the stock an outperform rating in a research note on Thursday, May 30th. Cowen reissued a hold rating and set a $95.00 price target on shares of Heico in a research note on Wednesday, May 29th. UBS Group lifted their target price on Heico from $85.00 to $112.00 and gave the company a neutral rating in a research report on Tuesday, April 30th. Finally, SunTrust Banks lifted their target price on Heico to $128.00 and gave the company a buy rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $118.00.
Shares of HEI stock opened at $142.01 on Tuesday. Heico has a 52-week low of $71.47 and a 52-week high of $144.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.20 and a quick ratio of 1.56. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 78.46, a P/E/G ratio of 4.55 and a beta of 0.68. The business’s 50 day simple moving average is $136.88.
The company also recently announced a dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, June 28th. Heico’s dividend payout ratio (DPR) is presently 7.73%.
In other news, CEO Laurans A. Mendelson sold 100,000 shares of Heico stock in a transaction on Friday, May 31st. The stock was sold at an average price of $98.17, for a total value of $9,817,000.00. Following the transaction, the chief executive officer now directly owns 927,445 shares in the company, valued at approximately $91,047,275.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric A. Mendelson sold 39,000 shares of Heico stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $101.62, for a total value of $3,963,180.00. Following the completion of the transaction, the insider now owns 1,035,932 shares in the company, valued at $105,271,409.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,473 shares of company stock valued at $16,698,107. 9.23% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. grew its stake in Heico by 751.2% during the 4th quarter. Macquarie Group Ltd. now owns 349 shares of the aerospace company’s stock worth $27,000 after buying an additional 308 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in Heico during the 1st quarter worth $96,000. Brand Asset Management Group Inc. purchased a new position in Heico during the 1st quarter worth $124,000. Carlson Capital Management purchased a new position in Heico during the 1st quarter worth $201,000. Finally, Ibex Investors LLC purchased a new position in Heico during the 2nd quarter worth $229,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.
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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