Heico Corp (NYSE:HEI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $89.31 and last traded at $89.45, with a volume of 285797 shares. The stock had previously closed at $88.09.
Several equities analysts have issued reports on HEI shares. Stephens set a $84.00 price target on shares of Heico and gave the stock a “hold” rating in a report on Friday, January 19th. SunTrust Banks lifted their price objective on shares of Heico to $76.80 and gave the stock a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of Heico from a “hold” rating to a “buy” rating and set a $79.20 price objective for the company in a research note on Tuesday, December 5th. Jefferies Group upgraded shares of Heico from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $87.20 price objective (up from $78.40) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.96.
The company has a debt-to-equity ratio of 0.50, a current ratio of 2.89 and a quick ratio of 1.29. The firm has a market cap of $9,146.57, a P/E ratio of 45.31, a P/E/G ratio of 3.28 and a beta of 0.70.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Verity Asset Management Inc. lifted its position in Heico by 25.2% during the fourth quarter. Verity Asset Management Inc. now owns 3,441 shares of the aerospace company’s stock valued at $276,000 after purchasing an additional 693 shares during the period. King Luther Capital Management Corp lifted its position in Heico by 5.2% during the third quarter. King Luther Capital Management Corp now owns 14,970 shares of the aerospace company’s stock valued at $1,344,000 after purchasing an additional 737 shares during the period. EFG Asset Management Americas Corp. lifted its position in Heico by 21.3% during the fourth quarter. EFG Asset Management Americas Corp. now owns 6,794 shares of the aerospace company’s stock valued at $641,000 after purchasing an additional 1,192 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in Heico during the fourth quarter valued at $118,000. Finally, Captrust Financial Advisors acquired a new position in Heico during the fourth quarter valued at $129,000. Institutional investors own 21.83% 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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