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, 14 and still has $94.54 target or 27.00% above today’s $74.44 share price. This indicates more upside for the $4.68 billion company. This technical setup was reported by Barchart.com. If the $94.54 PT is reached, the company will be worth $1.26B 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 135,509 shares traded hands or 5.12% up from the average. Heico Corp (NYSE:HEI) has risen 22.87% since April 12, 2016 and is uptrending. It has outperformed by 17.88% 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 has “Sector Weight” rating given by KeyBanc Capital Markets on Friday, August 26. The firm earned “Buy” rating on Tuesday, December 22 by Bank of America. The stock has “Buy” rating given by Canaccord Genuity on Monday, August 24. Jefferies maintained Heico Corp (NYSE:HEI) on Thursday, August 27 with “Hold” rating. Zacks downgraded the stock to “Hold” rating in Thursday, August 27 report. The firm has “Buy” rating given on Thursday, August 27 by Canaccord Genuity. The stock has “Neutral” rating given by Bank of America on Tuesday, August 30.

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 1.2 in Q2 2016. Its down 0.07, from 1.27 in 2016Q1. The ratio dived, 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.
Westpac, a Australia-based fund reported 94,800 shares. Stone Run Ltd Company holds 1.93% or 44,350 shares in its portfolio. Mgmt holds 0% of its portfolio in Heico Corp (NYSE:HEI) for 134 shares. Kj Harrison has invested 0.44% of its portfolio in Heico Corp (NYSE:HEI). Blackrock Grp Limited accumulated 0% or 44,342 shares. 1St Glob Advisors Inc, a Texas-based fund reported 10,629 shares. State Board Of Administration Of Florida Retirement Systems holds 52,728 shares or 0.01% of its portfolio. Menta Lc has 0.04% invested in the company for 4,163 shares. Moreover, Citadel Advsr Limited has 0.01% invested in Heico Corp (NYSE:HEI) for 185,910 shares. Virginia Retirement Sys Et Al has invested 0.02% of its portfolio in Heico Corp (NYSE:HEI). Moreover, American Century Companies has 0% invested in Heico Corp (NYSE:HEI) for 12,732 shares. Advisors Asset Management reported 21,177 shares or 0.02% of all its holdings. Jane Street Group Limited Liability Company holds 4,397 shares or 0% of its portfolio. Argentus Capital Ltd Liability Corporation owns 201 shares or 0.01% of their US portfolio. Moreover, Eagle Asset Mgmt Inc has 0.09% invested in Heico Corp (NYSE:HEI) for 199,673 shares.

Insider Transactions: Since September 7, 2016, the stock had 11 insider purchases, and 2 insider sales for $70,540 net activity. Another trade for 2,044 shares valued at $116,724 was bought by HENRIQUES ADOLFO. 2,044 shares were bought by MENDELSON ERIC A, worth $116,724 on Wednesday, September 7. $116,724 worth of Heico Corp (NYSE:HEI) shares were bought by MENDELSON LAURANS A. 2,076 shares with value of $118,552 were bought by HIGGINBOTTOM SAMUEL L on Wednesday, September 7. Shares for $116,724 were bought by MAYRHUBER WOLFGANG on Wednesday, September 7. 2,119 shares were bought by Neitzel Julie, worth $121,007. $939,779 worth of shares were sold by IRWIN THOMAS S on Wednesday, October 19.

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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