HEICO (NYSE:HEI) PT Raised to $282.00

HEICO (NYSE:HEI) had its target price boosted by Truist Financial from $264.00 to $282.00 in a research report sent to investors on Friday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the aerospace company’s stock.

A number of other research firms have also recently weighed in on HEI. Barclays initiated coverage on HEICO in a report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price target for the company. Stifel Nicolaus upped their price target 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 price target on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Bank of America upped their price target on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Robert W. Baird upped their price target on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.70.

HEICO Stock Up 0.1 %

HEI opened at $261.10 on Friday. The firm has a 50 day moving average price of $255.17 and a 200 day moving average price of $231.13. The company has a market cap of $36.16 billion, a PE ratio of 82.11, a price-to-earnings-growth ratio of 3.69 and a beta of 1.22. HEICO has a 1 year low of $155.42 and a 1 year high of $269.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30.

HEICO (NYSE:HEI) last posted its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $992.20 million during 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 company’s revenue was up 37.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Sell-side analysts expect that HEICO will post 3.66 earnings per share for the current year.

Insider Activity at HEICO

In related news, insider Victor H. Mendelson bought 726 shares of the company’s stock in a transaction on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, with a total value of $190,894.44. Following the completion of the transaction, the insider now directly owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other HEICO news, Director Alan Schriesheim sold 332 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Victor H. Mendelson bought 726 shares of the company’s stock in a transaction on Friday, October 18th. The stock was bought at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the transaction, the insider now directly owns 1,234,950 shares of the company’s stock, valued at $324,717,753. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 2,650 shares of company stock valued at $691,718. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HEI. Nomura Holdings Inc. acquired a new position in shares of HEICO in the 4th quarter valued at $897,000. Meyer Handelman Co. acquired a new stake in shares of HEICO during the 1st quarter valued at about $1,072,000. Gateway Investment Advisers LLC lifted its holdings in shares of HEICO by 3.3% during the 1st quarter. Gateway Investment Advisers LLC now owns 53,781 shares of the aerospace company’s stock valued at $10,272,000 after buying an additional 1,713 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of HEICO during the 1st quarter valued at about $307,000. Finally, Avalon Capital Management lifted its holdings in shares of HEICO by 103.3% during the 1st quarter. Avalon Capital Management now owns 3,490 shares of the aerospace company’s stock valued at $667,000 after buying an additional 1,773 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

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.