Brokerages Set Heico Corporation (NYSE:HEI) Price Target at $371.63

Heico Corporation (NYSE:HEI) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $371.6250.

Several research firms recently weighed in on HEI. Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Citigroup restated a “buy” rating and issued a $403.00 price objective (up from $323.00) on shares of Heico in a research report on Monday, June 1st. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Susquehanna boosted their price objective on Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Wells Fargo & Company set a $350.00 price objective on Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st.

Insider Activity

In related news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The disclosure for this sale is available in the SEC filing. 4.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Heico

A number of hedge funds have recently made changes to their positions in the company. GM Advisory Group LLC lifted its position in shares of Heico by 1.2% in the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock worth $966,000 after buying an additional 36 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its position in shares of Heico by 4.4% in the third quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock worth $286,000 after buying an additional 37 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in shares of Heico by 4.0% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock worth $339,000 after buying an additional 40 shares in the last quarter. DSM Capital Partners LLC lifted its position in shares of Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock worth $221,000 after buying an additional 41 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in shares of Heico by 3.8% in the fourth quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company’s stock worth $382,000 after buying an additional 43 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Price Performance

NYSE HEI opened at $342.37 on Friday. The company has a market capitalization of $47.82 billion, a PE ratio of 61.14, a price-to-earnings-growth ratio of 3.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The business’s fifty day moving average is $306.89 and its 200 day moving average is $314.16. Heico has a fifty-two week low of $256.11 and a fifty-two week high of $361.69.

Heico (NYSE:HEI) last released its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.33. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.Heico’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. Sell-side analysts predict that Heico will post 5.78 earnings per share for the current year.

Heico Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.13 dividend. This represents a dividend yield of 8.0%. The ex-dividend date is Wednesday, July 1st. Heico’s payout ratio is presently 4.29%.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.