HEICO Co. (NYSE:HEI) Receives $182.00 Average PT from Brokerages

HEICO Co. (NYSE:HEI – Get Rating) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $187.50.

A number of equities analysts recently issued reports on HEI shares. Royal Bank of Canada upped their price objective on shares of HEICO from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. StockNews.com assumed coverage on HEICO in a report on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley upped their target price on HEICO from $172.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 1st. Bank of America lifted their price target on HEICO from $162.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Finally, Jefferies Financial Group raised their price objective on shares of HEICO from $180.00 to $205.00 and gave the company a “buy” rating in a report on Monday, February 27th.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $166.79, for a total transaction of $3,335,800.00. Following the completion of the transaction, the director now directly owns 114,261 shares in the company, valued at $19,057,592.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Alan Schriesheim sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $166.79, for a total transaction of $3,335,800.00. Following the completion of the transaction, the director now directly owns 114,261 shares in the company, valued at $19,057,592.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie Neitzel sold 250 shares of HEICO stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $133.61, for a total value of $33,402.50. Following the completion of the sale, the director now owns 155 shares of the company’s stock, valued at $20,709.55. The disclosure for this sale can be found here. Insiders sold 20,850 shares of company stock worth $3,452,393 over the last ninety days. 8.26% of the stock is owned by insiders.

Institutional Investors Weigh In On HEICO

A number of hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its holdings in HEICO by 0.8% in the first quarter. Rockefeller Capital Management L.P. now owns 125,828 shares of the aerospace company’s stock worth $21,520,000 after purchasing an additional 1,018 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in HEICO in the first quarter worth approximately $109,000. Select Equity Group L.P. bought a new stake in HEICO in the first quarter worth approximately $85,710,000. Balyasny Asset Management L.P. grew its stake in HEICO by 336.7% in the first quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company’s stock valued at $59,584,000 after acquiring an additional 268,584 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in HEICO in the first quarter valued at approximately $1,679,000. 27.08% of the stock is currently owned by institutional investors.

HEICO Trading Down 2.0 %

Shares of HEI opened at $160.07 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.37 and a current ratio of 2.91. HEICO has a 52-week low of $126.95 and a 52-week high of $180.59. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 58.63, a PEG ratio of 4.06 and a beta of 1.18. The business’s fifty day moving average is $169.42 and its 200-day moving average is $165.89.

HEICO (NYSE:HEI – Get Rating) last released its earnings results on Tuesday, May 23rd. The aerospace company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The firm had revenue of $687.84 million for the quarter, compared to analysts’ expectations of $654.32 million. HEICO had a return on equity of 14.38% and a net margin of 15.19%. During the same quarter in the previous year, the business posted $0.62 earnings per share. Equities analysts anticipate that HEICO will post 2.96 EPS for the current fiscal year.

About HEICO

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HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts.