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

HEICO Co. (NYSE:HEI) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $206.00.

Several equities analysts have recently weighed in on the company. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price target on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus boosted their price target on HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday.

HEICO Stock Performance

NYSE HEI opened at $212.67 on Tuesday. 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 has a twelve month low of $153.63 and a twelve month high of $213.63. The stock has a 50-day moving average of $194.06 and a 200 day moving average of $182.35. The stock has a market capitalization of $29.43 billion, a price-to-earnings ratio of 69.50, a PEG ratio of 3.46 and a beta of 1.11.

HEICO (NYSE:HEI) last announced its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The business had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. During the same quarter last year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. Sell-side analysts anticipate that HEICO 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 stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the transaction, the director now owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of HEICO by 148.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,820 shares of the aerospace company’s stock worth $619,000 after purchasing an additional 2,285 shares during the period. Advisor Partners II LLC lifted its position in shares of HEICO by 11.9% during the third quarter. Advisor Partners II LLC now owns 1,337 shares of the aerospace company’s stock worth $216,000 after purchasing an additional 142 shares in the last quarter. Inspire Investing LLC grew its position in shares of HEICO by 10.3% in the 3rd quarter. Inspire Investing LLC now owns 6,023 shares of the aerospace company’s stock worth $975,000 after acquiring an additional 563 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in HEICO by 1.5% in the third quarter. Duncker Streett & Co. Inc. now owns 39,914 shares of the aerospace company’s stock valued at $6,463,000 after acquiring an additional 579 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its position in HEICO by 9.6% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 47,607 shares of the aerospace company’s stock valued at $7,709,000 after purchasing an additional 4,167 shares during the last quarter. Hedge funds and other institutional investors 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.