Truist Financial Issues Positive Forecast for HEICO (NYSE:HEI) Stock Price

HEICO (NYSE:HEI) had its price target upped by stock analysts at Truist Financial from $282.00 to $294.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price objective suggests a potential upside of 11.58% from the stock’s previous close.

A number of other research analysts also recently issued reports on HEI. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. KeyCorp initiated coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $271.40.

HEICO Trading Down 1.9 %

HEI stock opened at $263.50 on Wednesday. The company has a market capitalization of $36.58 billion, a PE ratio of 71.99, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. HEICO has a one year low of $182.47 and a one year high of $283.60. The company’s 50 day moving average price is $235.51 and its two-hundred day moving average price is $250.41. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI) last issued its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. As a group, analysts predict that HEICO will post 4.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HEICO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in HEICO in the 4th quarter worth approximately $26,000. Banque Transatlantique SA purchased a new stake in HEICO in the fourth quarter worth $44,000. Rakuten Securities Inc. purchased a new stake in HEICO in the third quarter worth $81,000. Berbice Capital Management LLC purchased a new stake in HEICO in the fourth quarter worth $95,000. Finally, Brooklyn Investment Group purchased a new position in shares of HEICO during the third quarter valued at $128,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.