Deutsche Bank Aktiengesellschaft Cuts HEICO (NYSE:HEI) Price Target to $266.00

HEICO (NYSE:HEI) had its target price decreased by Deutsche Bank Aktiengesellschaft from $271.00 to $266.00 in a report published on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the aerospace company’s stock.

Other analysts also recently issued research reports about the stock. Bank of America increased their target price on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. UBS Group began coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Morgan Stanley increased their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Benchmark restated a “buy” rating and set a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada increased their target price on HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, HEICO has an average rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Price Performance

HEICO stock opened at $238.94 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The company has a market cap of $33.12 billion, a price-to-earnings ratio of 70.07, a PEG ratio of 3.14 and a beta of 1.24. HEICO has a 1 year low of $169.70 and a 1 year high of $283.60. The firm has a 50 day moving average price of $261.25 and a 200 day moving average price of $247.78.

HEICO (NYSE:HEI) last released its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts predict that HEICO will post 3.64 earnings per share for the current year.

HEICO Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.11 per share. This represents a dividend yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s payout ratio is currently 6.01%.

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 332 shares of HEICO stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor H. Mendelson bought 726 shares of the company’s stock in a transaction on Friday, October 18th. The shares were acquired at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the acquisition, the insider now directly owns 1,234,950 shares of the company’s stock, valued at $324,717,753. This trade represents a 0.06 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 2,175 shares of company stock valued at $571,895 over the last ninety days. Corporate insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Institutional investors have recently modified their holdings of the business. AGF Management Ltd. boosted its stake in HEICO by 61.7% in the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock valued at $212,417,000 after acquiring an additional 362,625 shares during the period. Vantage Investment Partners LLC acquired a new position in HEICO during the 2nd quarter valued at approximately $26,993,000. Driehaus Capital Management LLC grew its stake in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after buying an additional 77,067 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in HEICO in the second quarter valued at $67,000. Finally, EULAV Asset Management boosted its holdings in shares of HEICO by 5.0% during the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after acquiring an additional 19,200 shares during the period. 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.