HEICO (NYSE:HEI) Price Target Cut to $266.00 by Analysts at Deutsche Bank Aktiengesellschaft

HEICO (NYSE:HEI) had its price target cut by Deutsche Bank Aktiengesellschaft from $271.00 to $266.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other analysts have also issued research reports about the company. UBS Group initiated coverage on HEICO in a report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective for the company. Morgan Stanley lifted their price objective on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Bank of America increased their target price on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Stifel Nicolaus lifted their price target on shares of HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Truist Financial increased their price objective on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, HEICO has a consensus rating of “Moderate Buy” and an average price target of $270.20.

HEICO Price Performance

Shares of NYSE HEI opened at $238.94 on Thursday. The firm’s 50-day simple moving average is $261.25 and its 200 day simple moving average is $247.78. The stock has a market cap of $33.12 billion, a P/E ratio of 70.07, a P/E/G ratio of 3.14 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO has a fifty-two week low of $169.70 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Equities analysts expect that HEICO will post 3.64 EPS for the current year.

HEICO Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is 6.01%.

Insider Activity at HEICO

In other news, CEO Laurans A. Mendelson purchased 725 shares of HEICO stock in a transaction dated Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, for a total transaction of $190,631.50. Following the acquisition, the chief executive officer now directly owns 929,984 shares in the company, valued at $244,529,992.96. This represents a 0.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim acquired 724 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, for a total transaction of $190,368.56. Following the acquisition, the director now directly owns 174,878 shares of the company’s stock, valued at $45,982,421.32. The trade was a 0.42 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,175 shares of company stock valued at $571,895. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

Several hedge funds have recently bought and sold shares of HEI. Hennion & Walsh Asset Management Inc. increased its holdings in shares of HEICO by 52.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,444 shares of the aerospace company’s stock valued at $547,000 after acquiring an additional 836 shares during the last quarter. RPS Advisory Solutions LLC bought a new position in shares of HEICO in the second quarter valued at approximately $239,000. Moody Lynn & Lieberson LLC lifted its stake in shares of HEICO by 63.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 4,113 shares of the aerospace company’s stock worth $920,000 after buying an additional 1,591 shares during the last quarter. Calamos Wealth Management LLC boosted its holdings in shares of HEICO by 14.7% during the 2nd quarter. Calamos Wealth Management LLC now owns 1,560 shares of the aerospace company’s stock worth $349,000 after buying an additional 200 shares during the period. Finally, Calamos Advisors LLC grew its stake in HEICO by 49.5% in the 2nd quarter. Calamos Advisors LLC now owns 8,163 shares of the aerospace company’s stock valued at $1,825,000 after buying an additional 2,704 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

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.