HEICO (NYSE:HEI) Earns Sector Weight Rating from Analysts at KeyCorp

Stock analysts at KeyCorp assumed coverage on shares of HEICO (NYSE:HEI) in a report issued on Thursday,Briefing.com Automated Import reports. The firm set a “sector weight” rating on the aerospace company’s stock.

A number of other research firms have also recently weighed in on HEI. Bank of America upped their price target on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. UBS Group began coverage on shares of HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective on the stock. Morgan Stanley lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Truist Financial increased their price target on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Trading Down 0.5 %

NYSE HEI opened at $228.35 on Thursday. The firm has a market cap of $31.70 billion, a PE ratio of 62.39, a P/E/G ratio of 3.08 and a beta of 1.28. HEICO has a one year low of $169.78 and a one year high of $283.60. The firm’s fifty day moving average is $253.46 and its two-hundred day moving average is $248.87. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. Analysts expect that HEICO will post 4.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Victor H. Mendelson acquired 726 shares of the business’s stock in a transaction on Friday, October 18th. The shares were purchased at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the purchase, the insider now directly owns 1,234,950 shares of the company’s stock, valued at $324,717,753. This represents a 0.06 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laurans A. Mendelson acquired 725 shares of HEICO stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the purchase, the chief executive officer now directly owns 929,984 shares of the company’s stock, valued at $244,529,992.96. The trade was a 0.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,175 shares of company stock worth $571,895 over the last quarter. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HEICO

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Driehaus Capital Management LLC boosted its position in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after purchasing an additional 77,067 shares during the period. EULAV Asset Management lifted its stake in HEICO by 5.0% in the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after buying an additional 19,200 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of HEICO during the third quarter valued at $4,502,000. Quantbot Technologies LP grew its position in shares of HEICO by 424.1% during the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock worth $4,916,000 after acquiring an additional 15,214 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its holdings in shares of HEICO by 734.2% in the 3rd quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company’s stock worth $4,430,000 after acquiring an additional 14,911 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.