Truist Financial Issues Positive Forecast for HEICO (NYSE:HEI) Stock Price

HEICO (NYSE:HEI) had its target price upped by analysts at Truist Financial from $282.00 to $294.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price objective would indicate a potential upside of 10.36% from the company’s current price.

A number of other brokerages have also commented on HEI. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.40.

HEICO Trading Up 0.3 %

HEI traded up $0.92 during trading on Wednesday, reaching $266.40. The company had a trading volume of 164,422 shares, compared to its average volume of 598,997. 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 has a 12-month low of $182.47 and a 12-month high of $283.60. The company has a market cap of $36.98 billion, a price-to-earnings ratio of 72.82, a PEG ratio of 3.10 and a beta of 1.29. The firm’s 50-day simple moving average is $234.94 and its 200 day simple moving average is $250.28.

HEICO (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. Equities research analysts anticipate that HEICO will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On HEICO

A number of large investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc boosted its holdings in shares of HEICO by 0.6% during the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock worth $1,623,000 after buying an additional 38 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in HEICO by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company’s stock valued at $231,000 after acquiring an additional 46 shares during the period. Moran Wealth Management LLC grew its position in shares of HEICO by 1.9% in the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock valued at $639,000 after purchasing an additional 51 shares during the last quarter. United Capital Financial Advisors LLC increased its stake in shares of HEICO by 5.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company’s stock worth $248,000 after purchasing an additional 56 shares during the period. Finally, Centaurus Financial Inc. lifted its position in shares of HEICO by 8.9% during the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

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.