Brokerages Set Heico Corporation (NYSE:HEI) Price Target at $364.43

Shares of Heico Corporation (NYSE:HEI) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $364.4286.

HEI has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Citigroup reiterated a “buy” rating and set a $415.00 target price (up previously from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Susquehanna initiated coverage on Heico in a research note on Friday, January 23rd. They set a “neutral” rating and a $385.00 target price for the company. BNP Paribas Exane set a $330.00 price target on Heico in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th.

Institutional Investors Weigh In On Heico

Several institutional investors have recently modified their holdings of HEI. American Century Companies Inc. grew its holdings in Heico by 45.7% in the third quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after purchasing an additional 241,559 shares during the last quarter. Munro Partners purchased a new stake in shares of Heico in the 2nd quarter worth about $59,720,000. CI Investments Inc. grew its stake in Heico by 40.0% in the 4th quarter. CI Investments Inc. now owns 164,036 shares of the aerospace company’s stock valued at $53,080,000 after acquiring an additional 46,846 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Heico by 263.2% during the third quarter. Balyasny Asset Management L.P. now owns 60,469 shares of the aerospace company’s stock worth $19,521,000 after acquiring an additional 43,821 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Heico by 12.1% during the fourth quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock worth $105,615,000 after acquiring an additional 35,288 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Stock Up 1.4%

Heico stock opened at $341.93 on Monday. The company has a market capitalization of $47.65 billion, a P/E ratio of 69.64, a PEG ratio of 3.72 and a beta of 1.01. Heico has a fifty-two week low of $216.68 and a fifty-two week high of $361.69. The stock has a 50-day simple moving average of $333.82 and a 200-day simple moving average of $321.82. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83.

Heico (NYSE:HEI) last posted its quarterly earnings data on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.11. Heico had a return on equity of 16.80% and a net margin of 15.39%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. Equities research analysts expect that Heico will post 4.2 earnings per share for the current year.

Heico Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were paid a $0.12 dividend. The ex-dividend date was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio (DPR) is 4.89%.

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.