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

Shares of HEICO Co. (NYSE:HEIGet Rating) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $165.00.

Several analysts have recently weighed in on HEI shares. Royal Bank of Canada boosted their target price on HEICO from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, August 31st. UBS Group reduced their target price on HEICO to $138.00 in a report on Wednesday, May 25th. StockNews.com downgraded HEICO from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Robert W. Baird boosted their target price on HEICO from $160.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Finally, Morgan Stanley boosted their price target on HEICO from $180.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, August 31st.

HEICO Stock Up 1.6 %

Shares of NYSE HEI opened at $154.49 on Thursday. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 62.55, a price-to-earnings-growth ratio of 4.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.12 and a quick ratio of 1.55. The business has a 50-day moving average of $151.58 and a two-hundred day moving average of $145.84. HEICO has a 1 year low of $124.65 and a 1 year high of $165.61.

HEICO (NYSE:HEIGet Rating) last announced its quarterly earnings results on Monday, August 29th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). HEICO had a return on equity of 14.26% and a net margin of 16.15%. The business had revenue of $569.53 million for the quarter, compared to analysts’ expectations of $555.44 million. During the same period last year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts forecast that HEICO will post 2.57 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a dividend of $0.09 per share. This represents a yield of 0.1%. The ex-dividend date was Thursday, June 30th. HEICO’s payout ratio is 7.29%.

Hedge Funds Weigh In On HEICO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wade G W & Inc. increased its position in HEICO by 1.8% during the 2nd quarter. Wade G W & Inc. now owns 3,915 shares of the aerospace company’s stock worth $513,000 after purchasing an additional 69 shares during the period. Wedbush Securities Inc. grew its holdings in shares of HEICO by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 2,967 shares of the aerospace company’s stock worth $456,000 after acquiring an additional 75 shares during the period. JJJ Advisors Inc. grew its holdings in shares of HEICO by 61.3% in the 1st quarter. JJJ Advisors Inc. now owns 321 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 122 shares during the period. Bradley Foster & Sargent Inc. CT grew its holdings in shares of HEICO by 1.0% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 12,150 shares of the aerospace company’s stock worth $1,752,000 after acquiring an additional 125 shares during the period. Finally, Crescent Grove Advisors LLC grew its holdings in shares of HEICO by 4.2% in the 1st quarter. Crescent Grove Advisors LLC now owns 3,127 shares of the aerospace company’s stock worth $480,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 27.39% of the company’s stock.

HEICO Company Profile

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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Analyst Recommendations for HEICO (NYSE:HEI)

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