Heico Corporation (NYSE:HEI) Receives $358.71 Consensus Target Price from Brokerages

Heico Corporation (NYSE:HEI) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $358.7143.

A number of analysts have recently commented on the company. Wells Fargo & Company started coverage on Heico in a report on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price objective for the company. Susquehanna assumed coverage on Heico in a report on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price objective on the stock. Truist Financial upgraded Heico to a “strong-buy” rating in a report on Friday, May 1st. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Finally, Weiss Ratings cut shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd.

Insider Buying and Selling at Heico

In related news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.86% of the company’s stock.

Institutional Investors Weigh In On Heico

Several hedge funds have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. purchased a new position in Heico in the 4th quarter worth approximately $26,000. Westside Investment Management Inc. lifted its position in shares of Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of Heico in the third quarter valued at $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Heico during the 3rd quarter valued at $31,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Stock Performance

NYSE HEI opened at $296.96 on Friday. The business’s 50-day moving average price is $289.51 and its 200 day moving average price is $313.06. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. Heico has a twelve month low of $256.11 and a twelve month high of $361.69. The company has a market capitalization of $41.43 billion, a PE ratio of 58.69, a price-to-earnings-growth ratio of 3.40 and a beta of 0.95.

Heico (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts predict that Heico will post 5.56 earnings per share for the current year.

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.