HEICO Co. (NYSE:HEI) Receives $270.70 Average Target Price from Brokerages

HEICO Co. (NYSE:HEI) has received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Three 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 brokerages that have issued a report on the stock in the last year is $270.70.

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Truist Financial raised their price target on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Robert W. Baird raised their price target on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Bank of America increased their price objective on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th.

Insider Buying and Selling at HEICO

In other HEICO news, Director Frank J. Schwitter acquired 475 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $252.26 per share, with a total value of $119,823.50. Following the purchase, the director now directly owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. This trade represents a 37.85 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Schriesheim acquired 724 shares of the stock in a transaction dated Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, for a total transaction of $190,368.56. Following the purchase, the director now directly owns 174,878 shares in the company, valued at approximately $45,982,421.32. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,650 shares of company stock valued at $691,718. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

Hedge funds have recently made changes to their positions in the business. Andra AP fonden acquired a new position in shares of HEICO in the 2nd quarter worth approximately $45,000. Center for Financial Planning Inc. acquired a new position in shares of HEICO in the second quarter worth about $52,000. American National Bank acquired a new position in shares of HEICO in the second quarter worth about $66,000. Rakuten Securities Inc. acquired a new position in shares of HEICO in the third quarter worth about $81,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of HEICO in the second quarter worth about $73,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Trading Down 1.0 %

NYSE HEI opened at $276.36 on Friday. HEICO has a 12 month low of $167.56 and a 12 month high of $283.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The company has a market capitalization of $38.30 billion, a price-to-earnings ratio of 81.04, a price-to-earnings-growth ratio of 3.38 and a beta of 1.23. The company’s fifty day moving average price is $261.85 and its two-hundred day moving average price is $242.18.

HEICO (NYSE:HEI) last posted its quarterly 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. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $992.20 million for the quarter, compared to the consensus estimate of $995.34 million. During the same period last year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 37.3% on a year-over-year basis. As a group, research analysts predict 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.