HEICO Co. (NYSE:HEI) Receives $270.20 Average Price Target from Analysts

Shares of HEICO Co. (NYSE:HEI) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $271.40.

HEI has been the topic of several research analyst reports. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Truist Financial raised their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th.

Institutional Trading of HEICO

Institutional investors have recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in shares of HEICO during the 4th quarter valued at approximately $26,000. Banque Transatlantique SA acquired a new stake in HEICO in the 4th quarter valued at approximately $44,000. Rakuten Securities Inc. acquired a new stake in HEICO in the 3rd quarter valued at approximately $81,000. Berbice Capital Management LLC acquired a new stake in HEICO in the 4th quarter valued at approximately $95,000. Finally, Brooklyn Investment Group acquired a new stake in HEICO in the 3rd quarter valued at approximately $128,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

NYSE:HEI opened at $263.17 on Monday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO has a 52 week low of $182.47 and a 52 week high of $283.60. The stock has a market capitalization of $36.54 billion, a PE ratio of 71.90, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The stock’s 50-day moving average price is $236.41 and its 200-day moving average price is $250.79.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. As a group, equities analysts expect that HEICO will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.11 per share. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s payout ratio is presently 5.45%.

HEICO Company Profile

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.