HEICO (NYSE:HEI) PT Raised to $271.00 at Deutsche Bank Aktiengesellschaft

HEICO (NYSE:HEI) had its target price upped by Deutsche Bank Aktiengesellschaft from $235.00 to $271.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities research analysts also recently weighed in on HEI. Morgan Stanley raised HEICO from an underweight rating to an equal weight rating and lifted their price objective for the company from $178.00 to $225.00 in a report on Tuesday, June 4th. Stifel Nicolaus lifted their price objective on HEICO from $250.00 to $280.00 and gave the company a buy rating in a report on Tuesday, August 27th. Barclays started coverage on HEICO in a report on Monday, August 19th. They set an equal weight rating and a $250.00 price objective for the company. Benchmark reissued a buy rating and set a $245.00 price objective on shares of HEICO in a report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their price objective on HEICO from $250.00 to $272.00 and gave the company an outperform rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $259.67.

HEICO Stock Down 1.0 %

HEI opened at $249.43 on Wednesday. HEICO has a fifty-two week low of $155.42 and a fifty-two week high of $259.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.57. The firm’s fifty day moving average price is $235.90 and its two-hundred day moving average price is $216.05. The company has a market capitalization of $34.55 billion, a P/E ratio of 78.44, a P/E/G ratio of 3.72 and a beta of 1.22.

HEICO (NYSE:HEI) last posted its quarterly 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. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm had revenue of $992.20 million for the quarter, compared to the consensus estimate of $995.34 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. The business’s revenue was up 37.3% compared to the same quarter last year. On average, analysts anticipate that HEICO will post 3.62 EPS for the current year.

HEICO Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were issued a $0.11 dividend. This represents a dividend yield of 0.1%. This is a boost from HEICO’s previous Semi-Annual dividend of $0.07. The ex-dividend date was Monday, July 1st. HEICO’s payout ratio is currently 6.92%.

Insider Activity at HEICO

In other HEICO news, Director Frank J. Schwitter purchased 475 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $252.26 per share, with a total value of $119,823.50. Following the completion of the acquisition, the director now directly owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Frank J. Schwitter acquired 475 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $252.26 per share, with a total value of $119,823.50. Following the acquisition, the director now owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the sale, the insider now directly owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The disclosure for this sale can be found here. Insiders sold 85,206 shares of company stock valued at $15,571,927 over the last ninety days. 8.10% of the stock is owned by insiders.

Institutional Trading of HEICO

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in HEICO during the 4th quarter worth about $897,000. Meyer Handelman Co. bought a new stake in shares of HEICO in the 1st quarter valued at about $1,072,000. Quadrature Capital Ltd bought a new stake in shares of HEICO in the 1st quarter valued at about $2,796,000. AGF Management Ltd. bought a new stake in shares of HEICO in the 4th quarter valued at about $2,899,000. Finally, Mediolanum International Funds Ltd bought a new stake in shares of HEICO in the 1st quarter valued at about $1,442,000. 27.12% of the stock is owned by institutional investors.

About HEICO

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.