HEICO Co. (NYSE:HEI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

HEICO Co. (NYSE:HEI) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $271.40.

A number of brokerages have issued reports on HEI. Deutsche Bank Aktiengesellschaft decreased their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. William Blair restated an “outperform” rating on shares of HEICO in a research note on Tuesday. KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Finally, Truist Financial boosted their price objective 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.

HEICO Stock Down 0.1 %

HEI stock opened at $268.68 on Friday. HEICO has a fifty-two week low of $185.03 and a fifty-two week high of $283.60. The company’s 50 day moving average price is $244.64 and its 200 day moving average price is $251.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market capitalization of $37.33 billion, a price-to-earnings ratio of 73.41, a PEG ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. The business 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%. On average, equities research analysts anticipate that HEICO will post 4.2 EPS for the current fiscal year.

Institutional Investors Weigh In On HEICO

Several hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. raised its stake in HEICO by 8.9% during the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after acquiring an additional 60 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of HEICO in the third quarter valued at approximately $128,000. Cynosure Group LLC purchased a new stake in shares of HEICO during the third quarter worth approximately $358,000. Portland Investment Counsel Inc. acquired a new stake in shares of HEICO during the third quarter worth $211,000. Finally, Atom Investors LP purchased a new position in HEICO in the 3rd quarter valued at $1,129,000. 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.