During August, the overall quantity of short interest was reported to have decreased substantially, as stated by HEICO Co. (NYSE: HEI). There were 1,730,000 shares available for a short sale as of August 31st, a decline of 9.9% from the 1,920,000 shares that were available for a short sale the day before. As a result, 4.7% of the company’s shares are currently being sold on the short market. The current short-interest ratio is 5.7 days, which can be deduced from the fact that an average daily trading volume of 305,100 shares is taking place. In other words, trade volume drives the current short-interest ratio.
Over the past few weeks, several research professionals have provided their perspectives on HEI stocks. In a research note issued on August 31st, Morgan Stanley assigned the company an “overweight” rating and increased its price objective on HEICO shares from $180.00 to $182.00.
The report was also available to the public. On August 31st, Royal Bank of Canada released a research report in which they increased their price objective on HEICO shares from $145.00 to $150.00 and gave the business a rating of “sector perform.” The price objective that the UBS Group has placed on HEICO shares has been reduced to $138.00, as stated in a report that was made public on May 24th. In a report made public on Monday, Jefferies Financial Group has raised its recommendation for HEICO from “hold” to “buy.” In a report published on July 27th, StockNews.com changed their recommendation for HEICO from “buy” to “hold,” indicating that they now believe the stock should be held rather than purchased. There have been three equity research professionals who have given the stock a recommendation to buy. In contrast, there have been two analysts who have given the stock a recommendation to hold. According to Bloomberg.com, the firm is currently classified as having an average recommendation of “Moderate Buy,” and the consensus price objective for the company is set at $165.00. In addition, the price target for the company has been set at $165.00. In the most recent few months, numerous institutional investors, such as hedge funds, have either boosted or lowered the number of the company’s shares that they are now holding in their portfolios.
AdvisorShares Investments LLC increased its holdings of HEICO shares by 9.2 percent during the first three months of the year. AdvisorShares Investments LLC now has 9,835 shares of the aerospace company’s stock, worth a combined total of $1,510,000. This is after the company made an additional purchase of 832 shares during the most recent quarter. The number of HEICO shares held in the investment portfolio of Motley Fool Asset Management LLC increased by 3,963.3% during the first quarter of the fiscal year. After the conclusion of the most recent fiscal quarter, Motley Fool Asset Management LLC increased its holdings in the stock of the aerospace firm by purchasing an additional 2,378 shares, bringing the total number of shares that it currently possesses to 2,438 with a value of $374,000. During the last three months of 2018, JustInvest LLC purchased an additional interest in HEICO that was estimated to be worth approximately $1,006,000. Through the first three months of the year, Hyman Charles D. increased the proportion of HEICO shares it owned by 17.9%.
As a result of acquiring 14,365 additional shares over the period in question, Hyman Charles D now has a total of 94,656 shares of stock in the aerospace firm. The current market price of these shares is $14,533,000. Hyman’s stock portfolio is worth this amount. During the first three months of 2018, Duncker Streett & Co., Inc. increased the amount of HEICO shares it owned by 5.1%, bringing us to our next point. Duncker Street & Co., Inc. now holds a total of 45,073 shares of the aerospace firm’s stock, which is presently valued at $6,921,000 after purchasing an extra 2,192 shares during the time in question. It brings the total number of shares owned by the company to 45,073. To the extent of 27.39% of the company’s shares, hedge funds and other institutional investors are the owners of these shares. When the market opened on Monday, the price of NYSE: HEI was $148.58. The debt-to-equity ratio is currently at zero. The current ratio has been calculated as 3.12. The quick ratio has been calculated as 1.55, and the quick ratio currently sits at 0.10. During the course of the last year, HEICO reached an all-time high of $165.61, while the company hit an all-time low of $124.65. The company now has a moving average of $152.25 for the past 50 days, and the moving average for the past 200 days is $145.63.
The market capitalization of the firm is currently sitting at $20.29 billion. It has a price-to-earnings ratio of 60.15, a price-to-earnings-growth ratio of 4.61, and a beta of 1.17. On August 29th, the most recent quarterly earnings report for HEICO (NYSE: HEI) was made public for investors to view. The aerospace business concluded the quarter with earnings per share of $0.60, which was $0.06 less than the average analyst expectation of $0.66 for the division. The return on equity for HEICO came in at 14.26%, while the net margin for the company was 16.15%. The actual amount of revenue created during the period was $569.53 million, which is more than the median expectation of $555.44 million for the revenue that should have been generated. Compared to the prior year’s results for the same quarter, the company posted earnings of $0.56 per share.
The company’s revenue experienced a growth of 20.7% as compared to the previous fiscal year. The consensus among people who have thought about the matter is that HEICO will achieve earnings of 2.56 cents per share this year. Analysts agree with this prediction.
The Aerospace, Defense, and Electronics industries are all served domestically as well as globally by the subsidiaries of HEICO Corporation. These companies are responsible for the product development, production, and sales operations that the firm carries out. For example, the Flight Support Group business makes all of the company’s replacement parts, specialty parts, thermal insulation blankets and parts, renewable and reusable insulation systems, and replacement parts for jet engines and aircraft components.