Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company's stock had a trading volume of 159,715 shares. Navellier & Associates Inc now owns 58,671 shares of the aerospace company's stock worth $5,116,000 after buying an additional 3,333 shares during the last quarter.
Several hedge funds have recently made changes to their positions in the company. As of the end of the quarter Turner Investments LLC had bought 10,000 shares growing its stake by 285.7%. Advisors Asset Management Inc. boosted its position in Heico Corporation by 36.3% in the first quarter. It is positive, as 18 investors sold Heico Corp shares while 59 reduced holdings.
ILLEGAL ACTIVITY NOTICE: This story was originally published by Week Herald and is the sole property of of Week Herald. Riverbridge Partners LLC raised its stake in shares of Heico Corporation by 21.8% in the second quarter. Heico Corporation presently has an average rating of "Buy" and a consensus target price of $85.00.
Shares of Heico Corporation (NYSE HEI) traded up 0.37% during midday trading on Friday, hitting $85.94.
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Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued. Envestnet Asset Management Inc. bought a new position in Belden during the fourth quarter worth about $105,000.
Wall Street await Heico Corp (NYSE:HEI) to release earnings on August, 23. First Trust Advisors LP now owns 419,333 shares of the aerospace company's stock valued at $30,125,000 after buying an additional 125,544 shares in the last quarter. Bell Bank raised its stake in Heico Corporation by 4.4% in the first quarter. Equities analysts anticipate that Heico Corporation will post $2.09 earnings per share for the current fiscal year. The company has market cap of $6.65 billion. Riverbridge Partners LLC now owns 1,621,457 shares of the aerospace company's stock valued at $116,486,000 after buying an additional 290,014 shares in the last quarter. They issued an "equal weight" rating and a $87.00 target price on the stock. The business's quarterly revenue was up 5.2% compared to the same quarter a year ago. If you are accessing this story on another publication, it was stolen and reposted in violation of worldwide copyright & trademark laws. Finally, Jefferies Group LLC reissued a "hold" rating and set a $75.00 target price on shares of Heico Corporation in a research note on Monday, June 26th. The company's 50-day moving average price is $78.23 and its 200 day moving average price is $71.44. Analysts forecast earnings per share of $0.52, up exactly $0.02 or 4.00 % from 2014's $0.5 EPS.
Several equities research analysts have weighed in on HEI shares. Raymond James Financial Services Advisors Inc. now owns 9,749 shares of the aerospace company's stock worth $850,000 after buying an additional 234 shares during the last quarter. Heico Corporation had a net margin of 12.08% and a return on equity of 15.89%. The business had revenue of $368.70 million for the quarter, compared to analysts' expectations of $368.78 million.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th were paid a $0.08 dividend. Ardevora Asset Management LLP now owns 524,323 shares of the aerospace company's stock valued at $37,667,000 after buying an additional 129,823 shares in the last quarter. During the same quarter in the previous year, the business earned $0.57 earnings per share. The value of the total investment in Heico Corporation went from $28,730,000 to $34,550,000 a change of 20.3% for the reporting period. The ex-dividend date of this dividend was Friday, June 30th. This represents a yield of 0.22%. The correct version of this story can be accessed at https://sportsperspectives.com/2017/08/08/heico-corporation-hei-given-consensus-rating-of-buy-by-brokerages-updated-updated.html. Heico Corporation's dividend payout ratio (DPR) is 7.93%.
HEICO Corporation manufactures Federal Aviation Administration -approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. Finally, Canaccord Genuity increased their price target on Heico Corporation from $77.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, May 3rd. The Company is also a manufacturer of various types of electronic equipment for the aviation, defense, space, industrial, medical, telecommunications and electronics industries.