The stock of Heico Corp (NYSE:HEI) hit a new 52-week high and has $91.90 target or 22.00% above today’s $75.33 share price. The 8 months bullish chart indicates low risk for the $4.62 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $91.90 price target is reached, the company will be worth $1.02B 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 77,355 shares traded hands. Heico Corp (NYSE:HEI) has risen 21.94% since April 15, 2016 and is uptrending. It has outperformed by 17.31% 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. Jefferies maintained Heico Corp (NYSE:HEI) on Thursday, August 27 with “Hold” rating. The firm has “Neutral” rating by Bank of America given on Tuesday, August 30. The company was maintained on Thursday, August 27 by Canaccord Genuity. Bank of America upgraded the shares of HEI in a report on Tuesday, December 22 to “Buy” rating. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 24. Zacks downgraded Heico Corp (NYSE:HEI) on Thursday, August 27 to “Hold” rating. 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 1.2 in 2016 Q2. Its down 0.07, from 1.27 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.
Teachers Advisors Inc holds 0.02% of its portfolio in Heico Corp (NYSE:HEI) for 134,005 shares. Swiss Bancorporation, a Switzerland-based fund reported 33,075 shares. Stone Run Cap Limited Liability Corporation holds 44,350 shares or 1.93% of its portfolio. Ahl Prtnrs Limited Liability Partnership reported 4,994 shares or 0.02% of all its holdings. Moreover, State Street has 0% invested in Heico Corp (NYSE:HEI) for 340,775 shares. Moreover, State Board Of Administration Of Florida Retirement Sys has 0.01% invested in Heico Corp (NYSE:HEI) for 52,728 shares. The Florida-based Finemark Fincl Bank Trust has invested 0.01% in Heico Corp (NYSE:HEI). Nationwide Fund Advsr reported 16,410 shares or 0% of all its holdings. Pacad Inv Limited, a British Columbia – Canada-based fund reported 1,800 shares. Nicholas Incorporated Wi reported 66,145 shares or 0.09% of all its holdings. Asset owns 21,177 shares or 0.02% of their US portfolio. Bluestein R H & accumulated 5,000 shares or 0.03% of the stock. Virginia Retirement System Et Al has invested 0.02% of its portfolio in Heico Corp (NYSE:HEI). Wells Fargo & Mn has 0.01% invested in the company for 282,963 shares. Baillie Gifford & Co holds 0.02% of its portfolio in Heico Corp (NYSE:HEI) for 183,590 shares.
Insider Transactions: Since September 7, 2016, the stock had 11 buys, and 2 insider sales for $70,540 net activity. $121,007 worth of Heico Corp (NYSE:HEI) was bought by Neitzel Julie on Wednesday, September 7. The insider CULLIGAN THOMAS M bought 2,075 shares worth $118,495. MENDELSON VICTOR H also bought $116,724 worth of Heico Corp (NYSE:HEI) on Wednesday, September 7. HENRIQUES ADOLFO also bought $116,724 worth of Heico Corp (NYSE:HEI) shares. Shares for $118,951 were bought by SCHRIESHEIM ALAN. $116,724 worth of Heico Corp (NYSE:HEI) shares were bought by MAYRHUBER WOLFGANG. 13,900 Heico Corp (NYSE:HEI) shares with value of $939,779 were sold by IRWIN THOMAS S.
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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