HEICO (NYSE:HEI) Earns Neutral Rating from Analysts at UBS Group

Equities research analysts at UBS Group initiated coverage on shares of HEICO (NYSE:HEI) in a report released on Tuesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $277.00 price target on the aerospace company’s stock. UBS Group’s target price would suggest a potential upside of 4.43% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Barclays assumed coverage on shares of HEICO in a report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Benchmark restated a “buy” rating and set a $245.00 price objective on shares of HEICO in a research report on Tuesday, August 27th. Bank of America boosted their target price on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Truist Financial raised their price target on HEICO from $248.00 to $264.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.90.

HEICO Trading Up 0.9 %

Shares of HEI stock opened at $265.26 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The stock has a fifty day simple moving average of $254.06 and a two-hundred day simple moving average of $229.78. The firm has a market capitalization of $36.74 billion, a PE ratio of 83.41, a PEG ratio of 3.69 and a beta of 1.22. HEICO has a 52-week low of $155.42 and a 52-week high of $269.38.

HEICO (NYSE:HEI) last released its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue was up 37.3% on a year-over-year basis. On average, analysts predict that HEICO will post 3.66 EPS for the current fiscal year.

Insider Activity

In other news, insider Eric A. Mendelson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the transaction, the insider now owns 148,891 shares of the company’s stock, valued at approximately $27,707,126.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HEICO news, insider Eric A. Mendelson sold 20,000 shares of HEICO stock in a transaction on Friday, July 26th. The shares were sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the completion of the transaction, the insider now directly owns 148,891 shares of the company’s stock, valued at $27,707,126.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Schriesheim sold 332 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Several hedge funds and other institutional investors have recently modified their holdings of HEI. Virtu Financial LLC bought a new position in HEICO in the 4th quarter valued at $392,000. Nomura Holdings Inc. bought a new stake in shares of HEICO during the fourth quarter worth $897,000. Meyer Handelman Co. purchased a new stake in shares of HEICO during the first quarter valued at $1,072,000. Gateway Investment Advisers LLC grew its holdings in shares of HEICO by 3.3% in the first quarter. Gateway Investment Advisers LLC now owns 53,781 shares of the aerospace company’s stock worth $10,272,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in HEICO during the 1st quarter valued at about $307,000. 27.12% of the stock is currently 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.