HEICO Co. (NYSE:HEI) Receives Consensus Rating of “Moderate Buy” from Analysts

HEICO Co. (NYSE:HEI) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $270.70.

A number of equities analysts have recently commented on the company. Stifel Nicolaus lifted their target price on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Royal Bank of Canada upped their target price on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Robert W. Baird upped their price objective on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Morgan Stanley raised their price target on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Truist Financial boosted their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

Insider Buying and Selling

In related news, Director Alan Schriesheim sold 332 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Alan Schriesheim sold 332 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank J. Schwitter bought 475 shares of HEICO stock in a transaction on 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 completion of the purchase, the director now directly owns 1,730 shares of the company’s stock, valued at $436,409.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 2,650 shares of company stock valued at $691,718 over the last 90 days. Insiders own 8.10% of the company’s stock.

Institutional Trading of HEICO

Institutional investors and hedge funds have recently bought and sold shares of the business. AGF Management Ltd. increased its position in shares of HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after acquiring an additional 362,625 shares during the period. Vantage Investment Partners LLC acquired a new position in shares of HEICO in the 2nd quarter valued at $26,993,000. Driehaus Capital Management LLC boosted its holdings in shares of HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after acquiring an additional 77,067 shares during the period. EULAV Asset Management grew its holdings in shares of HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock worth $67,250,000 after buying an additional 66,800 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in HEICO during the 2nd quarter worth $67,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

HEICO Price Performance

NYSE:HEI opened at $248.60 on Tuesday. The company has a market capitalization of $34.46 billion, a P/E ratio of 72.90, a P/E/G ratio of 2.98 and a beta of 1.23. The business’s 50-day moving average is $257.42 and its 200 day moving average is $235.33. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. HEICO has a 12 month low of $160.05 and a 12 month high of $269.38.

HEICO (NYSE:HEI) last posted its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $992.20 million for the quarter, compared to the consensus estimate of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business’s quarterly revenue was up 37.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. On average, equities research analysts forecast that HEICO will post 3.65 earnings per share 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.