Exclusive: Could Heico Corp Go Down After Reaching All-Time High?

Exclusive: Could Heico Corp Go Down After Reaching All Time High?

The stock of Heico Corp (NYSE:HEI) reached all time high today, Nov, 22 and still has $79.78 target or 4.00% above today’s $76.71 share price. This indicates more upside for the $4.70 billion company. This technical setup was reported by Barchart.com. If the $79.78 PT is reached, the company will be worth $188.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 60,547 shares traded hands. Heico Corp (NYSE:HEI) has risen 25.42% since April 20, 2016 and is uptrending. It has outperformed by 20.86% the S&P500.

Heico Corp (NYSE:HEI) Ratings Coverage

Out of 4 analysts covering Heico Corporation (NYSE:HEI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Heico Corporation has been the topic of 9 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, August 27 by Jefferies. Zacks downgraded the stock to “Hold” rating in Thursday, August 27 report. Canaccord Genuity maintained Heico Corp (NYSE:HEI) rating on Thursday, August 27. Canaccord Genuity has “Buy” rating and $65 price target. The firm earned “Neutral” rating on Tuesday, August 30 by Bank of America. The company was maintained on Monday, August 24 by Canaccord Genuity. The stock has “Buy” rating given by Bank of America on Tuesday, December 22. The stock of Heico Corp (NYSE:HEI) earned “Sector Weight” rating by KeyBanc Capital Markets on Friday, August 26.

According to Zacks Investment Research, “Heico Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. HEICO’s customers include a majority of the world’s airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to telecommunications, electronics and medical equipment manufacturers.”

Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.03, from 1.2 in 2016Q1. The ratio dropped, as 15 funds sold all Heico Corp shares owned while 54 reduced positions. 30 funds bought stakes while 53 increased positions. They now own 18.67 million shares or 2.72% less from 19.19 million shares in 2016Q1.
Suntrust Banks holds 0% or 8,564 shares in its portfolio. The Michigan-based Bluestein R H & has invested 0.03% in Heico Corp (NYSE:HEI). Moreover, Westpac Corporation has 0% invested in Heico Corp (NYSE:HEI) for 94,800 shares. Gabelli Funds Ltd Company has 0% invested in the company for 6,000 shares. Fdx Advisors accumulated 0.03% or 8,826 shares. D E Shaw And Communications last reported 0% of its portfolio in the stock. Citigroup accumulated 15,146 shares or 0% of the stock. The Texas-based Avalon Advsr Ltd Co has invested 0.08% in Heico Corp (NYSE:HEI). Bnp Paribas Arbitrage holds 0% or 1,254 shares in its portfolio. Bancshares Of Montreal Can, a Ontario – Canada-based fund reported 82,253 shares. Ny State Common Retirement Fund holds 39,700 shares or 0% of its portfolio. Veritable L P reported 4,969 shares or 0.01% of all its holdings. Blair William Company Il accumulated 204,474 shares or 0.13% of the stock. Palisade Management Ltd Limited Liability Company Nj has 79,416 shares for 0.19% of their US portfolio. Jpmorgan Chase &, a New York-based fund reported 736,201 shares.

Insider Transactions: Since September 7, 2016, the stock had 11 insider buys, and 2 selling transactions for $70,540 net activity. HIGGINBOTTOM SAMUEL L had bought 2,076 shares worth $118,552 on Wednesday, September 7. MAYRHUBER WOLFGANG had bought 2,044 shares worth $116,724. Schwitter Frank J also bought $118,951 worth of Heico Corp (NYSE:HEI) on Wednesday, September 7. Hildebrandt Mark H bought $116,724 worth of stock or 2,044 shares. MENDELSON VICTOR H had bought 2,044 shares worth $116,724 on Wednesday, September 7. MENDELSON LAURANS A bought $116,724 worth of stock or 2,044 shares. $427,061 worth of Heico Corp (NYSE:HEI) was sold by IRWIN THOMAS S on Thursday, September 8.

More important recent Heico Corp (NYSE:HEI) news were published by: Fool.com which released: “Acquisitions Drove Heico Corp.’s Growth in Q3” on August 25, 2016, also Fool.com published article titled: “Expectations Continue Rising at Heico Corp”, Fool.com published: “Acquisitions Key to Heico Corp Flying High” on December 19, 2015. More interesting news about Heico Corp (NYSE:HEI) was released by: Streetinsider.com and their article: “Heico Corp. (HEI) to Acquire Robertson Fuel Systems for $255M” with publication date: December 21, 2015.

HEI Company Profile

HEICO Corporation, incorporated on January 27, 1993, is an aerospace and electronics company. The Firm provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and makes other critical aircraft parts. It operates through two operating divisions: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The Firm offers products for applications, such as aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. The Company’s Electronic Technologies Group creates and makes electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other complex equipment. The Company’s clients include airlines, overhaul shops, satellite manufacturers, commercial and defense equipment producers, medical equipment manufacturers, government agencies, telecommunications equipment suppliers and others.

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