William Blair Reaffirms Outperform Rating for HEICO (NYSE:HEI)

HEICO (NYSE:HEI)‘s stock had its “outperform” rating reaffirmed by equities research analysts at William Blair in a research report issued to clients and investors on Tuesday,RTT News reports.

HEI has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Truist Financial lifted their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, KeyCorp assumed coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, HEICO presently has an average rating of “Moderate Buy” and an average target price of $271.40.

HEICO Stock Down 0.7 %

HEICO stock opened at $268.91 on Tuesday. The stock has a market capitalization of $37.36 billion, a price-to-earnings ratio of 73.47, a PEG ratio of 3.10 and a beta of 1.26. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $243.97 and a two-hundred day moving average of $251.70. HEICO has a twelve month low of $185.03 and a twelve month high of $283.60.

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. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, research analysts expect that HEICO will post 4.2 earnings per share for the current year.

Institutional Trading of HEICO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC lifted its holdings in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC purchased a new position in HEICO during the fourth quarter worth approximately $110,503,000. Freestone Grove Partners LP purchased a new position in HEICO during the fourth quarter worth approximately $71,030,000. Squarepoint Ops LLC grew its stake in shares of HEICO by 2,203.0% during the 4th quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company’s stock valued at $20,691,000 after buying an additional 83,251 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HEICO during the 4th quarter valued at $16,578,000. Hedge funds and other institutional investors 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.