HEICO Co. (NYSE:HEI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of HEICO Co. (NYSE:HEI) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $226.00.

HEI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Stifel Nicolaus boosted their price objective on HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Robert W. Baird lifted their price target on HEICO from $223.00 to $243.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Morgan Stanley upgraded shares of HEICO from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $178.00 to $225.00 in a research report on Tuesday. Finally, Truist Financial restated a “buy” rating and issued a $240.00 price objective (up previously from $229.00) on shares of HEICO in a research report on Thursday, May 30th.

Insider Activity

In related news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now directly owns 1,255 shares of the company’s stock, valued at $243,093.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the transaction, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Schwitter sold 400 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HEICO

Several institutional investors and hedge funds have recently made changes to their positions in HEI. Zeno Equity Partners LLP bought a new position in HEICO during the fourth quarter worth about $25,000. NBC Securities Inc. bought a new position in shares of HEICO during the 3rd quarter valued at about $42,000. Psagot Value Holdings Ltd. Israel acquired a new position in shares of HEICO in the 4th quarter valued at approximately $70,000. Beaumont Financial Advisors LLC bought a new stake in HEICO during the 4th quarter worth approximately $200,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in HEICO during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Performance

Shares of NYSE:HEI opened at $227.58 on Friday. The stock has a market capitalization of $31.49 billion, a price-to-earnings ratio of 71.59, a price-to-earnings-growth ratio of 3.34 and a beta of 1.21. The business’s fifty day moving average price is $205.02 and its two-hundred day moving average price is $190.54. HEICO has a fifty-two week low of $155.42 and a fifty-two week high of $229.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57.

HEICO (NYSE:HEI) last announced its earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $955.40 million during the quarter, compared to analysts’ expectations of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. As a group, analysts predict that HEICO will post 3.52 EPS for the current fiscal year.

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.