HEICO (NYSE:HEI) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of HEICO (NYSE:HEI) in a research note released on Tuesday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $277.00 price target on the aerospace company’s stock.

A number of other research analysts also recently weighed in on the company. Bank of America raised their price target on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Benchmark reissued a “buy” rating and issued a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Truist Financial boosted their price objective on shares of HEICO from $248.00 to $264.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada upped their target price on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.70.

HEICO Stock Down 1.6 %

Shares of HEICO stock opened at $260.76 on Tuesday. The firm has a market cap of $36.11 billion, a PE ratio of 82.00, a P/E/G ratio of 3.69 and a beta of 1.22. The business’s 50 day simple moving average is $255.17 and its 200 day simple moving average is $230.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO has a 52-week low of $155.42 and a 52-week high of $269.38.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million for the quarter, compared to analyst estimates of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company’s revenue was up 37.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. On average, analysts predict that HEICO will post 3.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HEICO news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric A. Mendelson sold 20,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the transaction, the insider now owns 148,891 shares in the company, valued at approximately $27,707,126.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HEI. Clear Harbor Asset Management LLC lifted its holdings in shares of HEICO by 0.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock worth $5,109,000 after acquiring an additional 80 shares during the period. Avalon Capital Management boosted its holdings in shares of HEICO by 3.5% in the 2nd quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 123 shares in the last quarter. Verity Asset Management Inc. increased its stake in shares of HEICO by 2.2% in the 1st quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company’s stock valued at $1,222,000 after purchasing an additional 139 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of HEICO by 12.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company’s stock worth $275,000 after buying an additional 164 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its position in shares of HEICO by 14.7% during the 2nd quarter. Calamos Wealth Management LLC now owns 1,560 shares of the aerospace company’s stock worth $349,000 after buying an additional 200 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

About HEICO

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.