Truist Financial Cuts HEICO (NYSE:HEI) Price Target to $277.00

HEICO (NYSE:HEI) had its target price trimmed by Truist Financial from $294.00 to $277.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Other analysts also recently issued research reports about the stock. KeyCorp began coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. William Blair restated an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Wells Fargo & Company initiated coverage on HEICO in a research note on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.36.

HEICO Stock Performance

Shares of HEI opened at $244.58 on Thursday. The company’s 50 day simple moving average is $250.19 and its 200-day simple moving average is $250.66. HEICO has a 12-month low of $197.98 and a 12-month high of $283.60. The firm has a market cap of $33.98 billion, a PE ratio of 66.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. As a group, equities analysts predict that HEICO will post 4.2 EPS for the current year.

Institutional Investors Weigh In On HEICO

A number of large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in shares of HEICO by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company’s stock worth $231,000 after buying an additional 46 shares in the last quarter. Moran Wealth Management LLC grew its position in HEICO by 1.9% in the 4th quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock worth $639,000 after purchasing an additional 51 shares during the last quarter. United Capital Financial Advisors LLC increased its position in HEICO by 5.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company’s stock valued at $248,000 after acquiring an additional 56 shares during the period. Moody Lynn & Lieberson LLC raised its stake in shares of HEICO by 1.6% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock valued at $1,011,000 after purchasing an additional 65 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in shares of HEICO by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company’s stock worth $667,000 after buying an additional 67 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

About HEICO

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.