The stock of Heico Corp (NYSE:HEI) hit a new 52-week high and has $80.33 target or 5.00% above today’s $76.50 share price. The 8 months bullish chart indicates low risk for the $4.68B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $80.33 price target is reached, the company will be worth $234.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 40,657 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 stock of Heico Corp (NYSE:HEI) earned “Buy” rating by Canaccord Genuity on Monday, August 24. As per Thursday, August 27, the company rating was maintained by Canaccord Genuity. The firm earned “Sector Weight” rating on Friday, August 26 by KeyBanc Capital Markets. The stock has “Hold” rating given by Jefferies on Thursday, August 27. The firm has “Hold” rating given on Thursday, August 27 by Zacks. The firm has “Neutral” rating given on Tuesday, August 30 by Bank of America. The firm earned “Buy” rating on Tuesday, December 22 by Bank of America.
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 turned negative, 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.
Moreover, Ahl Prns Limited Liability Partnership has 0.02% invested in Heico Corp (NYSE:HEI) for 4,994 shares. Great West Life Assurance Can has 2,413 shares for 0% of their US portfolio. Wfg Advsrs Lp last reported 0% of its portfolio in the stock. Bahl & Gaynor Inc owns 23,333 shares or 0.02% of their US portfolio. Utah Retirement System accumulated 0.01% or 3,600 shares. Fincl Bank Of Montreal Can last reported 82,253 shares in the company. Moreover, Goldman Sachs Gp has 0% invested in Heico Corp (NYSE:HEI) for 75,758 shares. Parametric Associates Ltd Co, a Washington-based fund reported 81,486 shares. California Pub Employees Retirement has 0% invested in the company for 13,425 shares. The Texas-based Next has invested 0% in Heico Corp (NYSE:HEI). Invesco Ltd reported 104,551 shares or 0% of all its holdings. Wealthtrust reported 148 shares or 0.01% of all its holdings. Lpl Finance Ltd Liability holds 0.01% or 11,613 shares in its portfolio. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Heico Corp (NYSE:HEI). Ny State Common Retirement Fund holds 39,700 shares or 0% of its portfolio.
Insider Transactions: Since September 7, 2016, the stock had 11 insider purchases, and 2 selling transactions for $70,540 net activity. Neitzel Julie bought $121,007 worth of stock. $116,724 worth of Heico Corp (NYSE:HEI) was bought by HENRIQUES ADOLFO. On Thursday, September 8 the insider IRWIN THOMAS S sold $427,061. Schwitter Frank J also bought $118,951 worth of Heico Corp (NYSE:HEI) on Wednesday, September 7. MENDELSON LAURANS A had bought 2,044 shares worth $116,724. Another trade for 2,083 shares valued at $118,951 was made by SCHRIESHEIM ALAN on Wednesday, September 7. 2,044 shares with value of $116,724 were bought by MAYRHUBER WOLFGANG on Wednesday, September 7.
More notable 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 with their article: “Expectations Continue Rising at Heico Corp” published on February 26, 2016, Fool.com published: “Acquisitions Key to Heico Corp Flying High” on December 19, 2015. More interesting news about Heico Corp (NYSE:HEI) were released by: Streetinsider.com and their article: “Heico Corp. (HEI) to Acquire Robertson Fuel Systems for $255M” published on December 21, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Heico Corp says unit enters into license agreement with Northrop Gru…” with publication date: July 14, 2016.
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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