HEICO (NYSE:HEI) Now Covered by UBS Group

Equities researchers at UBS Group initiated coverage on shares of HEICO (NYSE:HEI) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $277.00 price target on the aerospace company’s stock. UBS Group’s price target points to a potential upside of 4.43% from the stock’s current price.

HEI has been the topic of several other research reports. Bank of America upped their price target on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Truist Financial increased their target price on HEICO from $248.00 to $264.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft lifted their price target on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Benchmark reissued a “buy” rating and set a $245.00 price objective on shares of HEICO in a research report on Tuesday, August 27th. Finally, Robert W. Baird lifted their target price on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.90.

HEICO Stock Performance

Shares of HEICO stock opened at $265.26 on Tuesday. HEICO has a 12 month low of $155.42 and a 12 month high of $269.38. The firm has a market capitalization of $36.74 billion, a P/E ratio of 83.41, a P/E/G ratio of 3.69 and a beta of 1.22. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $254.06 and a two-hundred day simple moving average of $229.78.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. HEICO’s revenue was up 37.3% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. On average, equities analysts forecast that HEICO will post 3.66 earnings per share for the current fiscal year.

Insider Activity at HEICO

In related news, Director Frank J. Schwitter bought 475 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $252.26 per share, with a total value of $119,823.50. Following the transaction, the director now owns 1,730 shares in the company, valued at approximately $436,409.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Frank J. Schwitter purchased 475 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the purchase, the director now directly owns 1,730 shares in the company, valued at approximately $436,409.80. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eric A. Mendelson sold 20,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $186.09, for a total value of $3,721,800.00. Following the sale, the insider now owns 148,891 shares of the company’s stock, valued at approximately $27,707,126.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Hedge Funds Weigh In On HEICO

A number of institutional investors and hedge funds have recently made changes to their positions in HEI. Virtu Financial LLC bought a new position in HEICO in the fourth quarter worth approximately $392,000. Nomura Holdings Inc. purchased a new stake in shares of HEICO in the 4th quarter worth $897,000. Meyer Handelman Co. bought a new position in HEICO in the 1st quarter worth $1,072,000. Gateway Investment Advisers LLC lifted its position in HEICO by 3.3% during the first quarter. Gateway Investment Advisers LLC now owns 53,781 shares of the aerospace company’s stock valued at $10,272,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in HEICO during the first quarter valued at about $307,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.