HEICO Co. (NYSE:HEI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of HEICO Co. (NYSE:HEI) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $270.20.

A number of research analysts have weighed in on HEI shares. Truist Financial boosted their target price on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. 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. Morgan Stanley boosted their price target on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. UBS Group initiated coverage on shares of HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th.

Insider Buying and Selling

In related news, CEO Laurans A. Mendelson purchased 725 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $262.94 per share, with a total value of $190,631.50. Following the acquisition, the chief executive officer now directly owns 929,984 shares of the company’s stock, valued at approximately $244,529,992.96. This represents a 0.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor H. Mendelson purchased 726 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was bought at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the acquisition, the insider now directly owns 1,234,950 shares in the company, valued at approximately $324,717,753. The trade was a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,175 shares of company stock valued at $571,895. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

A number of institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new stake in shares of HEICO in the 3rd quarter valued at $81,000. Brooklyn Investment Group purchased a new stake in shares of HEICO in the 3rd quarter valued at $128,000. Global Trust Asset Management LLC purchased a new stake in shares of HEICO in the 3rd quarter valued at $144,000. Arcadia Investment Management Corp MI purchased a new stake in shares of HEICO in the 3rd quarter valued at $157,000. Finally, Centaurus Financial Inc. boosted its stake in shares of HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock valued at $191,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

HEICO Stock Down 0.7 %

HEICO stock opened at $225.73 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The stock has a market cap of $31.34 billion, a PE ratio of 66.20, a price-to-earnings-growth ratio of 3.12 and a beta of 1.28. HEICO has a fifty-two week low of $169.78 and a fifty-two week high of $283.60. The firm’s 50-day simple moving average is $255.05 and its 200 day simple moving average is $248.81.

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

HEICO Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend is Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is presently 6.01%.

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.