Dernières nouvelles pour Heico (NYSE:HEI) Stock

Heico

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other categories. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is persistently acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.

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HEICO Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>) recently signed a contract to acquire Marway Power Solutions, Inc. The acquiree provides the design and construction of power distribution solutions for mission-critical systems used in defense, aerospace, communications, test and measurement, and industrial applications on land, sea and air.
Per the deal, HEI bought 92.5% of Marway for cash. HEICO indicated that the transaction would be accretive to its earnings within one year of the buyout.
<h2>How Will the Buyout Benefit HEICO?</h2>
Marway&#39;s acquisition is expected to strengthen HEICO&#39;s footprint in the aerospace and defense industry, particularly in power distribution solutions for mission-critical systems. It develops and produces power distribution solutions in both standard rackmount and customized enclosures. Marway provides a variety of products, including transformers, switchgear and customized solutions adapted to specific sectors like defense, which are consistent with HEI&#39;s value-creating approach.
The aforementioned factors will provide HEICO Corporation with an opportunity to expand its customer base, enhance its product offerings and increase its market share in power distribution solutions for mission-critical systems business area.
<h2>What&#39;s Driving Acquisitions Among Aerospace Defense Players?</h2>
The military industry has seen a notable rise in mergers and acquisitions due to several factors, like the growing emphasis on cost-reduction initiatives, diversifying the portfolio to tackle competition and achieving economies of scale, along with operational efficiency to attain long-term goals. These transactions are becoming more significant, allowing businesses to grow as they see fit by expanding their operations, gaining access to new skills, developing technologies and producing higher-quality goods and services, as well as capturing larger market shares.
HEICO&#39;s latest decision to acquire Marway Power Solutions also seems to have been motivated by the aforementioned factors.
Some other defense companies have recently indulged in acquisition deals to expand their operations and widen product offerings.
In August 2024, Lockheed Martin Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) agreed to acquire a manufacturer of satellite products, Terran Orbital, for $450 million, which serves the aerospace and defense industry. Through this acquisition, LMT will be able to expand its customer base, enhance its product offerings and increase its market share in the satellite-based solutions business area.
Lockheed Martin has a long-term (three to five years) earnings growth rate of 4.7%. It delivered an average earnings surprise of 7.46% in the last four quarters.
In May 2024, TransDigm Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdg#NYSE">TDG</a>) agreed to acquire Raptor Scientific for $655 million, a manufacturer of complex test and measurement solutions serving the aerospace and defense end markets. Through this acquisition, TDG should be able to provide a wider range of products and gain a larger market share in the highly engineered aviation components industry.
TransDigm Group has a long-term earnings growth rate of 20.7%. The Zacks Consensus Estimate for its fiscal 2024 sales calls for an improvement of 19.9% from the prior-year figure.
In April 2024, Curtiss-Wright Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) completed the acquisition of WSC, Inc. for $34 million. The buyout is expected to expand Curtiss-Wright&#39;s portfolio of advanced commercial nuclear technologies utilized in the modernization of existing power plants and the design of new power plants, such as Advanced Small Modular Reactors.
Curtiss-Wright boasts a four-quarter earnings surprise of 11.52%, on average. The Zacks Consensus Estimate for CW&#39;s 2024 sales implies an improvement of 7.1% from the prior-year figure.
<h2>HEICO Stock Price Movement</h2>
In the past three months, shares of HEICO have risen 15% compared with the industry&#39;s growth of 12.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/26/79974.jpg?v=980363033" />
Image Source: Zacks Investment Research
<h2>HEI&#39;s Zacks Rank</h2>
HEI currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2344612/heico-buys-marway-power-widens-power-distribution-solution-capacity?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2344612">To read this article on Zacks.com click here.</a>

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HEICO Buys Marway Power, Widens Power Distribution Solution Capacity

Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) ("HEI" or the "Company") today announced that it has priced its previously announced public offering of 54,054,054 shares of its common stock at a price of $9.25 per share. The offering is expected to close on September 25, 2024, subject to customary closing conditions.
The Company has granted the underwriters of the offering an option to purchase up to an additional 8,108,108 shares of common stock at the public offering price less underwriting discounts and commissions.
HEI intends to use the net proceeds from the offering to fund its contribution to the expected Maui wildfire tort litigation settlement and for general corporate purposes.

Hawaiian Electric Industries Raised $500M Via Secondary Stock Offering Of 54M Shares At $9.25/Share

B of A Securities analyst Ronald Epstein maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $250 to $285.

Price Target

B of A Securities Maintains Buy on Heico, Raises Price Target to $285

Deutsche Bank analyst Scott Deuschle maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $235 to $271.

Deutsche Bank Maintains Buy on Heico, Raises Price Target to $271

HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) reported upbeat earnings for its third quarter, after the <a href="https://www.benzinga.com/quote/HEI/earnings">closing bell on Monday.</a>
The company reported quarterly earnings of 97 cents per share which beat the analyst consensus estimate of 92 cents per share. The company reported quarterly sales of $992.246 million which missed the analyst consensus estimate of $994.784 million.
Laurans A. Mendelson, HEICO&#8217;s Chairman and CEO, commented said, "We are very pleased to report strong record quarterly consolidated net sales driven by record quarterly operating results at the Flight Support Group, as well as strong contributions from our fiscal 2023 and 2024 acquisitions. These results reflect outstanding 15% organic net sales growth in the Flight Support Group principally arising from increased demand across all of its product lines and increased demand for the Electronic Technology Group&#8217;s defense, space and aerospace products."
HEICO shares gained 1.1% to trade at $250.12 on Wednesday.
These analysts made changes to their price targets on HEICO following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f614b80bd9910001a77aec/peter-arment">Baird analyst Peter Arment </a>maintained Heico with an Outperform and raised the price target from $243 to $280.</li>
<li>RBC Capital analyst Ken Herbert maintained the stock with an Outperform and boosted the price target from $250 to $272.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5935519e85b07a0001c0bc51/michael-ciarmoli">Truist Securities analyst Michael Ciarmoli </a>maintained Heico with a Buy and raised the price target from $248 to $264.</li>
</ul>
Considering buying HEI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-1024x503.png" alt="" class="wp-image-518587" style="width:594px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286.png 1327w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

HEICO Analysts Boost Their Forecasts After Q3 Earnings

Truist Securities analyst Michael Ciarmoli maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $248 to $264.

Truist Securities Maintains Buy on Heico, Raises Price Target to $264

RBC Capital analyst Ken Herbert maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Outperform and raises the price target from $250 to $272.

RBC Capital Maintains Outperform on Heico, Raises Price Target to $272

Baird analyst Peter Arment maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Outperform and raises the price target from $243 to $280.

Baird Maintains Outperform on Heico, Raises Price Target to $280

Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) has outperformed the market over the past 15 years by 12.08% on an annualized basis producing an average annual return of 24.28%. Currently, Heico has a market capitalization of $33.91 billion. 
Buying $100 In HEI: If an investor had bought $100 of HEI stock 15 years ago, it would be worth $2,577.95 today based on a price of $244.84 for HEI at the time of writing.
<h3>Heico's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724776212_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Heico Stock In The Last 15 Years

Benchmark analyst Josh Sullivan reiterates Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and maintains $245 price target.

Reiteration

Benchmark Reiterates Buy on Heico, Maintains $245 Price Target

Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.92 by 5.43 percent. The company reported quarterly sales of $992.246 million which missed the analyst consensus estimate of $994.784 million by 0.26 percent. This is a 37.26 percent increase over sales of $722.902 million the same period last year.

Earnings Beats

Earnings Misses

Heico Q3 2024 GAAP EPS $0.97 Beats $0.92 Estimate, Sales $992.246M Miss $994.784M Estimate

U.S. stocks could continue to push higher as traders factor in a boost from Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/equities/24/08/40547129/nvidia-earnings-round-the-corner-top-investors-in-jensen-huangs-company-set-to-benefit-if-q2-app">quarterly results. </a>The index futures were modestly higher in early trading. The durable goods orders report that is scheduled to be released ahead of the market could be sifted by traders to confirm their hopes for a soft landing. They might also look forward to a speech by a Fed official later in the day.
A key inflation measure that the Federal Reserve considers to be important is imminent, and traders may choose to remain cautious ahead of the data. Despite Nvidia&#8217;s strong gains, the FOMO fear could drive traders toward the stock as they seek to partake in the potential post-earnings gain.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.21%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.16%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.04%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.61%</td>
</tr>
</tbody>
</table>
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In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.20% to $563.25, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.25% to $481.21, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week: 
Wall Street extended its winning run to two straight weeks, as weak economic data and dovish Fed comments that nearly cemented the fate of a September rate cut brought buyers into the market. That said, the market witnessed intermittent volatility, primarily a result of profit-taking following the recent strong gains.
Fed Chair Jerome Powell dispelled doubts that lingered among some quarters by stating at his Jackson Hole address that the central bank may be ready for rate cuts.
The S&amp;P 500 and the Dow Industrials ended at their highest levels since mid-July and traded just shy of their all-time highs. Small-caps outperformed last week, with the Russell 2,000 Index posting a weekly gain of 3.59% and ending at its highest level in about three weeks.
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<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.40%</td>
<td>17,877.79</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.45%</td>
<td>5,634.61</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.27%</td>
<td>41,175.08</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+3.59%</td>
<td>2,218.70</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Following Powell&#8217;s Jackson Hole address, fund manager Louis Navellier said, &#8220;It looks like we&#8217;re going to have at least three rate cuts this year, which will be on September 18th, on November 7th two days after the election, and on December 18th.&nbsp;&#8220;The Fed is&nbsp;going to get closer to market rates, and that is&nbsp;very positive,&#8221; he added.
The fund managers listed the following as key catalysts that could be supportive of further gains: 
<ul>
<li>Nvidia&#8217;s earnings are due Wednesday, Aug. 28, with Navellier calling for phenomenal guidance from the company</li>
<li>The price consumption expenditure reading of the personal income and spending report, due Aug. 30; the fund manager expects it to be highly favorable.</li>
<li>Pre-holiday optimism ahead of Labor Day and some consolidation after the event</li>
<li>Sept. 10 presidential debate</li>
<li>Sept. 15 quarterly tax filing deadline; Navellier attributed the recent market softness to people selling stocks to pay tax.</li>
<li>Sept. 18 Fed rate cut and accompanying dovish statement as well as a new dot-plot which will likely show Fed officials&#8217; forecast for rate cuts for the rest of the year and the next</li>
</ul>
Carson Group&#8217;s Ryan Detrick said on Friday, that the advancing volume outdid declining volume by 11 times on the New York Stock Exchange. This was the most since Oct. 17, 2022, the lows of the bear market, he said, adding that since 1979, there were 47 times when advancing volume was 10 times more than declining volume.
&#8220;Higher a [year] later 85% of time and up nearly 13% on [average],&#8221; Detrick said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Friday saw nearly 11x amount of advancing volume to declining volume at NYSE. Most since 10/17/22 &#8211; the lows of bear market. I found 47 other times it was 10x (since &#39;79 using <a href="https://twitter.com/NDR_Research?ref_src=twsrc%5Etfw">@NDR_Research</a> data). Higher a yr later 85% of time and up nearly 13% on avg. This. Is. Not. Bearish <a href="https://t.co/vF05VGRXns">pic.twitter.com/vF05VGRXns</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1827729696097730983?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Upcoming Economic Data
The July personal income and spending report that also comprises the Fed&#8217;s favorite inflation gauge &#8211; the core rate of personal consumption expenditure, the weekly jobless claims report and a few Fed speeches are among the key Main Street catalysts due this week.
Traders may also keep an eye on the preliminary second-quarter GDP data, the July durables goods orders report, two separate consumer confidence readings and the results of a regional manufacturing survey. A handful of housing market data also are due for the week.
On Monday, the Commerce Department will release the durable goods orders report at 8:30 a.m. EDT. Economists, on average, expect durable goods orders growth of 4% month-over-month, reversing June&#8217;s 6.7% drop. Core durable goods orders, which strip off the volatile transportation orders, may have remained unchanged in July following a 0.4% increase in June.
The Treasury is set to auction three and six-month notes at 11:30 a.m. EDT.
San Francisco Fed President Mary Daly is scheduled to do a TV&nbsp;interview at 2 p.m. EDT. 
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Nvidia rose about a percent in premarket trading ahead of the company&#8217;s results.</li>
<li>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) jumped over 5% following the company&#8217;s CEO Xiaopeng He boosting his stake in the company.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), a holding company of Pinduoduo, is <a href="https://www.benzinga.com/calendars/earnings">scheduled to report its financial results </a>before the market opens, while HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) will report after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures are advanced over 1%, with the WTI-grade crude oil trading above $75-a-barrel level, and gold futures rose modestly. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased and yet traded firmly above the $63.5K level. The yield on the 10-year Treasury note fell 2.3 basis points to 3.784%.
Most Asian markets advanced on Monday, as Wall Street&#8217;s stellar performance last week amid rate-cut hopes catalyzed a rally in the region. The Japanese market pulled back, dragged by the yen&#8217;s strength. South Korea&#8217;s Kospi also ended lower for the day.
European stocks showed tentativeness in early trading. 
Read Next:
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NVDA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

XPEV

Nasdaq, S&P 500 Futures Climb As Hopes Of Positive Nvidia Earnings And Rate Cuts Drive Sentiment Higher: Fund Manager Says Flurry Of Catalysts Could Keep Rally's Momentum Going

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled higher on Friday, following comments from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium.
Powell <a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40529209/jerome-powell-time-has-come-for-interest-rate-cuts-cooling-in-labor-market-unmistakable">signaled a forthcoming shift in interest rates</a>, stating, "The time has come for policy to adjust." His remarks suggest the Fed is on the cusp of easing interest rates, yet Powell emphasized the importance of data-driven decisions, carefully avoiding any commitment to specific timing or the magnitude of those cuts.
Tech stocks moved higher with investors expecting a lower interest-rate environment to benefit the group. Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) jumped over 4.5% each on Friday.
Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares jumped 12.5% on Friday as the company upbeat earnings for the second quarter. Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) posted stronger-than-expected earnings for its second quarter, after the closing bell on Thursday.
On the economic data front, the total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc. reported
All sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and real estate stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 462 points to 41,175.08 on Friday. The S&amp;P 500 rose 1.15% to 5,634.61, while the Nasdaq Composite climbed 1.47% to close at 17,877.79 during Friday's session.
Investors are awaiting earnings results from HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>), Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>), and Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 52.9, the index remained in the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 48.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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</ul>

ROST

TCOM

TSLA

WDAY

S&P 500, Dow Jump After Jerome Powell Signals Rate Cuts: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading slightly lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) to report quarterly earnings at $2.73 per share on revenue of $14.02 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PDD shares gained 0.5% to $140.59 in after-hours trading.</li>
<li>Analysts are expecting Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) to post a quarterly loss at 56 cents per share on revenue of $337.12 million. The company will release earnings before the markets open. Daqo New Energy shares fell 1.3% to $15.01 in after-hours trading.</li>
<li>MIRA Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) announced it achieved 100% reversal of neuropathic pain with oral Ketamin-2 in a rat study. MIRA Pharmaceuticals shares climbed 47% to $2.72 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) is projected to report quarterly earnings at 92 cents per share on revenue of $995.67 million. Heico shares fell 0.7% to $245.03 in the after-hours trading session.</li>
<li>Analysts expect Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) to post quarterly earnings at 74 cents per share on revenue of $1.79 billion. Trip.com shares gained 1% to $42.59 in the after-hours trading session.</li>
</ul>
Check This Out:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre">Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a></li>
</ul>
Image generated using artificial intelligence tools

MIRA

Heico, PDD Holdings And 3 Stocks To Watch Heading Into Monday

HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) is set to release earnings results for its third quarter, after the <a href="https://www.benzinga.com/quote/HEI/earnings">closing bell on Monday, Aug. 26.</a>
Analysts expect the Hollywood, Florida-based company to report quarterly earnings at 92 cents per share, up from 74 cents per share in the year-ago period. HEICO projects to report quarterly revenue of $995.67 million for the quarter, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
On June 20, HEICO raised its cash dividend from 10 cents to 11 cents per share.
HEICO shares rose 0.6% to close at $246.07 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">analysts </a><a href="https://www.benzinga.com/quote/HEI/analyst-ratings">have </a><a href="https://www.benzinga.com/quote/TJX/analyst-ratings">rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5ae1f1fb1fe0110001f9176e/david-strauss">Barclays analyst David Strauss</a> initiated coverage on the stock with an Equal-Weight rating and a price target of $250 on Aug. 19. This analyst has an accuracy rate of 71%.</li>
<li>Truist Securities analyst Michael Ciarmoli maintained a Buy rating and raised the price target from $240 to $248 on July 17. This analyst has an accuracy rate of 79%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e331a5064ed0001730315/ronald-epstein">B of A Securities analyst Ronald Epstein</a> maintained a Buy rating and raised the price target from $220 to $250 on June 24. This analyst has an accuracy rate of 63%.</li>
<li>Benchmark analyst Josh Sulivan maintained a Buy rating and boosted the price target from $185 to $245 on June 14. This analyst gas an accuracy rate of 85%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b579dbb85e930001267b39/kristine-liwag">Morgan Stanley analyst Kristine Liwag</a> upgraded the stock from Underweight to Equal-Weight and boosted the price target from $178 to $225 on June 4. This analyst has an accuracy rate of 70%.</li>
</ul>
Considering buying HEI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="510" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23010144/image-211-1024x510.png" alt="" class="wp-image-509879" style="width:626px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23010144/image-211-1024x510.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23010144/image-211-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23010144/image-211-768x383.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23010144/image-211.png 1317w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:<a href="https://www.benzinga.com/news/24/08/40506295/top-2-consumer-stocks-that-could-sink-your-portfolio-in-august"> </a>
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<li><a href="https://www.benzinga.com/news/24/08/40506295/top-2-consumer-stocks-that-could-sink-your-portfolio-in-august">Top 2 Consumer Stocks That Could Sink Your Portfolio In August</a></li>
</ul>

HEICO Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Barclays analyst David Strauss initiates coverage on Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Equal-Weight rating and announces Price Target of $250.

Initiation

Barclays Initiates Coverage On Heico with Equal-Weight Rating, Announces Price Target of $250

As of Aug 15, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the<a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Heico Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>)</h3>
<ul>
<li>On Aug. 26 after the NYSE closing, HEICO will release its financial results for the third quarter ended July 31. The company's stock gained around 5% over the past month and has a <a href="https://www.benzinga.com/quote/HEI">52-week high of $242.98</a>.</li>
<li>RSI Value: 71.40&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>HEI Price Action: Shares of Heico gained 0.8% to close at $236.89 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Civeo Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>)</h3>
<ul>
<li>On Aug. 13, Civeo announced amendment and extension to its credit agreement, upsizing total revolving credit facility capacity from $200 million to $245 million. The company's stock gained around 16% over the past month and <a href="https://www.benzinga.com/quote/CVEO">has a 52-week high</a> of $28.25.</li>
<li>RSI Value: 75.08</li>
<li>CVEO Price Action: Shares of Civeo fell 0.4% to close at $27.65 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Axon Enterprise Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>)</h3>
<ul>
<li>On Aug. 6, Axon Enterprise reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. The company's stock gained around 20% over the past month and has a <a href="https://www.benzinga.com/quote/AXON">52-week high</a> of $375.95.</li>
<li>RSI Value: 74.75</li>
<li>AXON Price Action: Shares of Axon Enterprise gained 0.4% to close at $370.57 on Wednesday.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan">Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
</ul>

Short Ideas

AXON

CVEO

Top 3 Industrials Stocks That May Implode In Q3

WIIM

Heico shares are trading higher after Berkshire Hathaway added a stake in the company.

In pre-market trading, shares of Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) and Heico Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) are experiencing a significant surge. This comes after Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) announced an increase in its holdings in these companies.
What Happened: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, Ulta Beauty Inc. and Heico Corp saw pre-market gains of 16.39% and 3.85% respectively. Other companies, such as Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), also saw minor pre-market increases. Chubb Limited&#8217;s shares rose by 0.41%, while Occidental Petroleum Corporation&#8217;s shares increased by 0.97%. 
The company has boosted its holdings in Chubb to 27,033,784 shares and Occidental Petroleum to 255,281,524 shares. Additionally, it has made new, smaller investments in aerospace parts manufacturer Heico Corp with 1,044,242 shares and cosmetics retailer Ulta Beauty Inc with 690,106 shares.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40385566/mark-cuban-gets-an-assurance-out-of-chuck-schumer-will-pass-sensible-and-long-lasting-cryp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Gets An Assurance Out Of Chuck Schumer: Will Pass &#8216;Sensible And Long-Lasting&#8217; Crypto Law By Year-End</a>
Why It Matters: The surge in these stocks comes after Berkshire Hathaway, led by renowned investor Warren Buffett, <a href="https://www.benzinga.com/markets/equities/24/08/40385824/warren-buffett-still-holds-400m-apple-shares-reveals-new-investments-in-ulta-beauty-and-heico-el">disclosed significant stock sales</a> in the second quarter, including a substantial reduction in its Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) holdings. Despite selling over 389 million Apple shares, Berkshire Hathaway still retains 400 million Apple shares. The exact number of shares sold was only clarified recently. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40385886/trump-era-white-house-official-anthony-scaramucci-says-industry-leaders-want-bipartisan-co?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Era White House Official Anthony Scaramucci Says Industry Leaders Want Bipartisan Commitment On Crypto Regulation: &#8216;We Don&#8217;t Want To Fight Any Side&#8217;</a></li>
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Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

AAPL

ULTA

These 4 Stocks Are Soaring In Premarket As Warren Buffett's Berkshire Hathaway Takes A Stake

Warren Buffett, the legendary investor, has disclosed significant stock sales by Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) in the second quarter, including a substantial reduction in its Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) holdings.
What Happened: Buffett&#8217;s company sold over 389 million Apple shares in the second quarter, according to the company&#8217;s latest U.S. Securities and Exchange Commission filing on Wednesday. Despite the sale, Berkshire Hathaway still holds 400 million Apple shares.
The news that Buffett had sold a significant portion of Apple shares was revealed in Berkshire&#8217;s earnings report earlier this month, but the precise number of shares sold only became clear on Wednesday.
Besides Apple, Berkshire Hathaway also trimmed its investments in Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>). Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Floor &amp; Decor Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>), T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), and Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>). 
The company has boosted its holdings in Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) to 27,033,784 shares and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) to 255,281,524 shares. Additionally, it has made new, smaller investments in aerospace parts manufacturer Heico Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with 1,044,242 shares and cosmetics retailer Ulta Beauty Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) with 690,106 shares.
Tesla Inc.&#8216;s CEO Elon Musk commented on Berkshire Hathaway&#8217;s substantial $277 billion cash reserves, predicting changes as T-bill returns decline following the revelation of the conglomerate&#8217;s stake sales. Musk said, &#8220;$277B cash reserves is wild. That will change as the T-bill return drops.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$277B cash reserves is wild. That will change as the T-bill return drops.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1823865610570490270?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40329069/cathie-wood-seizing-low-valuation-opportunity-among-magnificent-7-ark-invest-snaps-up-2-4m-in-al?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Seizing Low-Valuation Opportunity Among Magnificent 7? Ark Invest Snaps Up $2.4M In Alphabet Shares</a>
Why It Matters: Buffett&#8217;s investment decisions have always been closely watched due to his remarkable track record. This recent move comes at a time when Berkshire Hathaway&#8217;s stock is up over 20% year-to-date, despite <a href="https://www.benzinga.com/general/education/24/08/40317667/berkshire-hathaway-stock-up-19-so-far-in-2024-how-it-stacks-up-against-warren-buffetts-averages">trailing the broader stock markets</a> for much of the year due to its large holding in Apple.
Earlier in August, Buffett&#8217;s decision to sell nearly half of Berkshire&#8217;s Apple stock was seen by Elon Musk as an <a href="https://www.benzinga.com/news/24/08/40152088/elon-musk-says-warren-buffett-is-clearly-expecting-a-correction-after-berkshire-sold-nearly-half-of">indication of an impending market correction</a>. 
Global market volatility has also tested Buffett&#8217;s investments. Despite a significant initial plunge, Berkshire&#8217;s $20 billion investment in Japanese trading giants recovered most of its losses. The <a href="https://www.benzinga.com/markets/asia/24/08/40306868/global-market-turmoil-tests-warren-buffetts-japanese-investments-despite-initial-30-plunge-berkshire">global market turmoil</a> triggered by Japan&#8217;s rate hike had a limited impact on these investments.
Buffett&#8217;s recent stock sales have also contributed to Berkshire&#8217;s cash <a href="https://www.benzinga.com/markets/equities/24/08/40146436/warren-buffetts-berkshire-hathaway-q2-operating-profit-climbs-over-15-cash-hoard-swells-to-277b-">reserves swelling to a record $277 billion</a>. This increase in cash reserves comes despite a 15.5% year-over-year fall in the company&#8217;s second-quarter net earnings, largely due to a decline in investment gains amid volatile market conditions.
Price Action: Berkshire Hathaway Inc.&#8217;s Class A stock closed at $657,122.00 on Wednesday, marking a gain of 1.24%. Year-to-date, it has risen by 19.52%. Meanwhile, Berkshire Hathaway Inc.&#8217;s Class B stock finished at $438.47 on the same day, up by 1.40%. In after-hours trading, it increased 0.14%. Year-to-date, the stock has appreciated 20.97%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40304983/nvidias-earnings-set-for-drop-the-mic-moment-as-investors-anticipate-massive-ai-demand-forecast-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Earnings Set For &#8216;Drop The Mic&#8217; Moment As Investors Anticipate &#8216;Massive&#8217; AI Demand Forecast From CEO Jensen Huang, Says Tech Bull</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

SNOW

TMUS

Warren Buffett Still Holds 400M Apple Shares, Reveals New Investments In Ulta Beauty And Heico — Elon Musk Calls Berkshire Hathaway's $277B Cash Reserves 'Wild'

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Buffett made new additions to Berkshire Hathaway's vast portfolio by purchasing shares in two companies.

Warren Buffett Adds New Stocks To Berkshire Hathaway's Portfolio

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Analyst Ronald Epstein of Bank of America Securities reiterated a Buy rating on HEICO (HEI – Research Report), boosting the price target to $285.00...

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In a report released today, Sheila Kahyaoglu from Jefferies maintained a Buy rating on HEICO (HEI – Research Report), with a price target of $300.0...

Jefferies Keeps Their Buy Rating on HEICO (HEI)

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Press Releases

HEICO Corporation Announces Regular Quarterly Conference Call

HEICO Corporation Reports Record Net Sales (Up 39%), Operating Income (Up 33%) and Net Income (Up 17%) for the Second Quarter of Fiscal 2024

Dividends

HEICO Corporation Increases Cash Dividend by 10%

HEICO Corporation Acquires Leading Provider of Proprietary Aircraft Cockpit Emergency Egress and Aerial Delivery Solutions

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City

HEICO Corporation Reports Record Net Sales (Up 37%), Operating Income (Up 45%) and Net Income (Up 34%) for the Third Quarter of Fiscal 2024

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024

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