HEICO Co. (NYSE:HEI) Receives Average Rating of “Moderate Buy” from Brokerages

HEICO Co. (NYSE:HEI) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $270.70.

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Truist Financial raised their price objective 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. 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 research report on Friday, October 18th. Royal Bank of Canada raised their price target on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird upped their price objective on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th.

Insider Buying and Selling at HEICO

In related news, Director Alan Schriesheim bought 724 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, for a total transaction of $190,368.56. Following the purchase, the director now directly owns 174,878 shares in the company, valued at $45,982,421.32. This trade represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor H. Mendelson purchased 726 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was bought at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the transaction, the insider now directly owns 1,234,950 shares in the company, valued at approximately $324,717,753. The trade was a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 2,650 shares of company stock worth $691,718 over the last ninety days. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Several hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in HEICO by 3.6% in the 1st quarter. Advisors Asset Management Inc. now owns 15,926 shares of the aerospace company’s stock valued at $3,042,000 after acquiring an additional 548 shares in the last quarter. Quadrature Capital Ltd bought a new position in HEICO in the first quarter worth $2,796,000. Morse Asset Management Inc acquired a new stake in HEICO during the first quarter worth $1,136,000. Silvercrest Asset Management Group LLC increased its holdings in HEICO by 13.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 12,204 shares of the aerospace company’s stock valued at $2,331,000 after buying an additional 1,406 shares during the period. Finally, Virtu Financial LLC lifted its holdings in shares of HEICO by 148.8% during the 1st quarter. Virtu Financial LLC now owns 5,449 shares of the aerospace company’s stock worth $1,041,000 after acquiring an additional 3,259 shares during the period. Institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

NYSE HEI opened at $271.43 on Friday. The company has a 50 day simple moving average of $262.13 and a 200-day simple moving average of $242.61. HEICO has a 52-week low of $167.56 and a 52-week high of $283.60. The firm has a market capitalization of $37.62 billion, a price-to-earnings ratio of 79.60, a price-to-earnings-growth ratio of 3.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $992.20 million for the quarter, compared to analysts’ expectations of $995.34 million. HEICO’s revenue was up 37.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. Equities research analysts predict that HEICO will post 3.65 earnings per share for the current fiscal year.

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.