Morgan Stanley Boosts HEICO (NYSE:HEI) Price Target to $265.00

HEICO (NYSE:HEI) had its target price lifted by analysts at Morgan Stanley from $245.00 to $265.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Morgan Stanley’s price objective indicates a potential upside of 1.58% from the stock’s current price.

Several other research analysts have also weighed in on HEI. Barclays initiated coverage on shares of HEICO in a research report on Monday, August 19th. They set an “equal weight” rating and a $250.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price objective on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Bank of America boosted their target price on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Robert W. Baird raised their price target on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $270.70.

HEICO Stock Down 1.5 %

HEI opened at $260.89 on Friday. The company has a market cap of $36.13 billion, a PE ratio of 82.04, a P/E/G ratio of 3.69 and a beta of 1.22. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $255.17 and a two-hundred day moving average price of $230.83. HEICO has a 52 week low of $155.42 and a 52 week high of $269.38.

HEICO (NYSE:HEI) last released its earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business’s revenue was up 37.3% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. As a group, research analysts anticipate that HEICO will post 3.66 EPS for the current year.

Insider Buying and Selling at HEICO

In other news, insider Eric A. Mendelson sold 20,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 148,891 shares in the company, valued at $27,707,126.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other HEICO news, insider Eric A. Mendelson sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 148,891 shares of the company’s stock, valued at approximately $27,707,126.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank J. Schwitter acquired 475 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the acquisition, the director now owns 1,730 shares in the company, valued at approximately $436,409.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On HEICO

Several large investors have recently made changes to their positions in HEI. Clear Harbor Asset Management LLC raised its position in HEICO by 0.4% in the second quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock valued at $5,109,000 after purchasing an additional 80 shares during the period. Avalon Capital Management lifted its position in shares of HEICO by 3.5% during the second quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock worth $808,000 after purchasing an additional 123 shares in the last quarter. Verity Asset Management Inc. boosted its stake in shares of HEICO by 2.2% in the first 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 period. Avantax Advisory Services Inc. grew its holdings in HEICO by 12.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 164 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its stake in 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 period. 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.