Deutsche Bank Aktiengesellschaft Lowers HEICO (NYSE:HEI) Price Target to $266.00

HEICO (NYSE:HEI) had its target price cut by equities researchers at Deutsche Bank Aktiengesellschaft from $271.00 to $266.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 11.33% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus increased their price objective on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Benchmark reaffirmed a “buy” rating and set a $245.00 price target on shares of HEICO in a research report on Tuesday, August 27th. Robert W. Baird lifted their price objective on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. UBS Group started coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO presently has an average rating of “Moderate Buy” and an average target price of $270.20.

HEICO Trading Up 0.5 %

NYSE HEI opened at $238.94 on Thursday. The business’s fifty day moving average is $261.76 and its 200-day moving average is $247.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The stock has a market capitalization of $33.12 billion, a price-to-earnings ratio of 70.07, a PEG ratio of 3.14 and a beta of 1.24. HEICO has a one year low of $169.70 and a one year high of $283.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts predict that HEICO will post 3.64 EPS for the current year.

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 332 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laurans A. Mendelson acquired 725 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the transaction, the chief executive officer now directly owns 929,984 shares of the company’s stock, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,175 shares of company stock valued at $571,895. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of HEICO

Several large investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. raised its holdings in HEICO by 52.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,444 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 836 shares in the last quarter. RPS Advisory Solutions LLC bought a new position in HEICO in the second quarter worth about $239,000. Moody Lynn & Lieberson LLC lifted its holdings in HEICO by 63.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 4,113 shares of the aerospace company’s stock worth $920,000 after buying an additional 1,591 shares during the period. Calamos Wealth Management LLC boosted its position in HEICO by 14.7% during the 2nd quarter. Calamos Wealth Management LLC now owns 1,560 shares of the aerospace company’s stock valued at $349,000 after acquiring an additional 200 shares in the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of HEICO by 49.5% during the 2nd quarter. Calamos Advisors LLC now owns 8,163 shares of the aerospace company’s stock worth $1,825,000 after acquiring an additional 2,704 shares during the period. 27.12% of the stock is owned by 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.