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

HEICO Co. (NYSE:HEI) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $263.56.

A number of brokerages have recently issued reports on HEI. Stifel Nicolaus boosted their price objective on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Benchmark reissued a “buy” rating and issued a $245.00 target price on shares of HEICO in a report on Tuesday, August 27th. Barclays initiated coverage on HEICO in a report on Monday, August 19th. They set an “equal weight” rating and a $250.00 price objective on the stock. Truist Financial lifted their price target on HEICO from $248.00 to $264.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Bank of America lifted their price target on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th.

HEICO Price Performance

HEI stock opened at $258.36 on Friday. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $251.15 and its two-hundred day moving average price is $227.48. The stock has a market capitalization of $35.81 billion, a price-to-earnings ratio of 75.76, a PEG ratio of 3.69 and a beta of 1.22. HEICO has a 12-month low of $155.42 and a 12-month high of $269.38.

HEICO (NYSE:HEI) last announced its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $995.34 million. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 37.3% on a year-over-year basis. As a group, equities analysts predict that HEICO will post 3.66 earnings per share for the current year.

Insider Transactions at HEICO

In other HEICO news, Director Frank J. Schwitter acquired 475 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $252.26 per share, with a total value of $119,823.50. Following the transaction, the director now owns 1,730 shares in the company, valued at $436,409.80. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HEICO news, insider Eric A. Mendelson sold 53,510 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total transaction of $9,739,890.20. Following the sale, the insider now directly owns 168,891 shares in the company, valued at approximately $30,741,539.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank J. Schwitter purchased 475 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the acquisition, the director now owns 1,730 shares in the company, valued at approximately $436,409.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 73,842 shares of company stock worth $13,528,631. 8.10% of the stock is currently owned by insiders.

Institutional Trading of HEICO

Several institutional investors have recently made changes to their positions in HEI. AGF Management Ltd. lifted its stake in HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after purchasing an additional 362,625 shares during the last quarter. Capital World Investors boosted its position in shares of HEICO by 10.5% during the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock valued at $586,036,000 after purchasing an additional 311,304 shares in the last quarter. Vantage Investment Partners LLC acquired a new position in HEICO in the second quarter worth approximately $26,993,000. Driehaus Capital Management LLC raised its position in shares of HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after purchasing an additional 77,067 shares during the period. Finally, EULAV Asset Management lifted its stake in HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after buying an additional 66,800 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.