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

Shares of HEICO Co. (NYSE:HEI) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $270.20.

HEI has been the topic of a number of research reports. Royal Bank of Canada upped their price target on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Stifel Nicolaus raised their price target on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Morgan Stanley boosted their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Robert W. Baird raised their price objective on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Benchmark reissued a “buy” rating and issued a $245.00 target price on shares of HEICO in a research report on Tuesday, August 27th.

HEICO Trading Up 0.5 %

Shares of NYSE HEI opened at $238.94 on Wednesday. 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 one year low of $169.70 and a one year high of $283.60. The business has a 50-day moving average price of $261.76 and a two-hundred day moving average price of $247.67. The firm has a market capitalization of $33.12 billion, a PE ratio of 70.07, a PEG ratio of 3.14 and a beta of 1.24.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. As a group, analysts predict that HEICO will post 3.64 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s dividend payout ratio is 6.45%.

Insider Activity

In other news, CEO Laurans A. Mendelson acquired 725 shares of the stock in a transaction dated Friday, October 18th. The shares were acquired at an average cost of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the transaction, the chief executive officer now owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alan Schriesheim bought 724 shares of HEICO stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, with a total value of $190,368.56. Following the completion of the transaction, the director now owns 174,878 shares of the company’s stock, valued at $45,982,421.32. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,175 shares of company stock valued at $571,895. 8.10% of the stock is owned by insiders.

Hedge Funds Weigh In On HEICO

A number of hedge funds have recently made changes to their positions in the business. Morse Asset Management Inc increased its stake in HEICO by 0.6% in the third quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock valued at $1,623,000 after acquiring an additional 38 shares during the period. Centaurus Financial Inc. boosted its stake in shares of HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after purchasing an additional 60 shares in the last quarter. Moody Lynn & Lieberson LLC grew its holdings in shares of HEICO by 1.8% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock worth $1,095,000 after purchasing an additional 73 shares during the last quarter. MGB Wealth Management LLC increased its position in shares of HEICO by 3.6% during the 3rd quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock worth $758,000 after purchasing an additional 100 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of HEICO by 6.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.