HEICO (NYSE:HEI) Hits New 52-Week High at $203.68

HEICO Co. (NYSE:HEI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $203.68 and last traded at $203.68, with a volume of 53936 shares changing hands. The stock had previously closed at $199.41.

Analysts Set New Price Targets

A number of analysts have issued reports on HEI shares. Royal Bank of Canada boosted their price objective on shares of HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Stifel Nicolaus boosted their price objective on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Bank of America upgraded shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

HEICO Stock Down 0.1 %

The firm’s 50-day moving average price is $192.26 and its 200 day moving average price is $180.16. The company has a market capitalization of $28.32 billion, a price-to-earnings ratio of 66.90, a PEG ratio of 3.26 and a beta of 1.16. The company has a current ratio of 3.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $896.36 million during the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, sell-side analysts forecast that HEICO Co. will post 3.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan Schriesheim sold 26,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the transaction, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HEICO

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its position in HEICO by 8.3% in the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after acquiring an additional 43,509 shares during the period. Wolverine Asset Management LLC increased its position in HEICO by 114.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 15,000 shares of the aerospace company’s stock valued at $2,429,000 after acquiring an additional 8,000 shares during the period. Azimuth Capital Investment Management LLC bought a new stake in shares of HEICO in the 3rd quarter valued at $6,908,000. Dynamo Internacional Gestao DE Recursos LTDA. boosted its stake in shares of HEICO by 27.3% in the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock valued at $13,072,000 after purchasing an additional 17,323 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of HEICO in the 3rd quarter valued at $705,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.