Brokerages Set HEICO Co. (NYSE:HEI) PT at $270.70

Shares of HEICO Co. (NYSE:HEI) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $270.70.

Several research firms recently issued reports on HEI. UBS Group initiated coverage on HEICO in a report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target on the stock. Truist Financial raised their price objective on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Morgan Stanley raised their price target on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Stifel Nicolaus increased their target price on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, Robert W. Baird upped their price target on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th.

Insider Transactions at HEICO

In other news, insider Victor H. Mendelson purchased 726 shares of HEICO stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, with a total value of $190,894.44. Following the transaction, the insider now directly owns 1,234,950 shares in the company, valued at $324,717,753. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Victor H. Mendelson acquired 726 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the acquisition, the insider now directly owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Schriesheim sold 332 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The disclosure for this sale can be found here. Insiders bought 2,650 shares of company stock valued at $691,718 over the last three months. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Moody Lynn & Lieberson LLC lifted its holdings in HEICO by 1.8% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock valued at $1,095,000 after purchasing an additional 73 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of HEICO by 0.4% during the second quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock worth $5,109,000 after purchasing an additional 80 shares during the period. Avalon Capital Management lifted its holdings in HEICO by 3.5% during the 2nd quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock worth $808,000 after purchasing an additional 123 shares during the last quarter. Verity Asset Management Inc. grew its holdings in HEICO by 2.2% in the 1st quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company’s stock valued at $1,222,000 after buying an additional 139 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in HEICO by 12.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company’s stock worth $275,000 after buying an additional 164 shares during the period. Institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

HEICO stock opened at $244.75 on Tuesday. The business has a 50 day simple moving average of $257.46 and a 200 day simple moving average of $234.37. HEICO has a one year low of $156.47 and a one year high of $269.38. The company has a market capitalization of $33.92 billion, a PE ratio of 71.77, a price-to-earnings-growth ratio of 3.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47.

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

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.