HEICO Co. (NYSE:HEI) Receives $270.20 Consensus Target Price from Brokerages

Shares of HEICO Co. (NYSE:HEI) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $270.20.

A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial raised their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th.

Hedge Funds Weigh In On HEICO

Institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in shares of HEICO during the 4th quarter valued at $26,000. Rakuten Securities Inc. bought a new stake in HEICO in the third quarter valued at $81,000. Berbice Capital Management LLC acquired a new position in shares of HEICO during the fourth quarter valued at about $95,000. Brooklyn Investment Group bought a new position in shares of HEICO during the 3rd quarter worth about $128,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of HEICO in the 3rd quarter valued at about $144,000. 27.12% of the stock is currently owned by institutional investors.

HEICO Stock Performance

Shares of HEICO stock opened at $227.28 on Thursday. The company’s 50 day moving average price is $239.57 and its two-hundred day moving average price is $250.14. The firm has a market capitalization of $31.55 billion, a P/E ratio of 62.10, a P/E/G ratio of 3.19 and a beta of 1.29. HEICO has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

HEICO (NYSE:HEI) last released its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $0.74 EPS. HEICO’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that HEICO will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s payout ratio is currently 6.01%.

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.