HEICO (NYSE:HEI) Given New $280.00 Price Target at Barclays

HEICO (NYSE:HEI) had its price target increased by Barclays from $250.00 to $280.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the aerospace company’s stock.

Other analysts have also issued reports about the company. Truist Financial lowered their price objective on HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company boosted their target price on HEICO from $244.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group boosted their target price on HEICO from $264.00 to $306.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Finally, William Blair restated an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, HEICO currently has an average rating of “Moderate Buy” and a consensus target price of $275.82.

HEICO Stock Performance

Shares of NYSE:HEI opened at $300.42 on Monday. HEICO has a twelve month low of $216.68 and a twelve month high of $303.32. The firm has a market cap of $41.74 billion, a PE ratio of 82.08, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The business has a fifty day moving average of $261.42 and a 200-day moving average of $252.32.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, equities research analysts predict that HEICO will post 4.2 EPS for the current fiscal year.

Insider Transactions at HEICO

In other HEICO news, Director Julie Neitzel sold 700 shares of the company’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now directly owns 418 shares of the company’s stock, valued at approximately $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the company’s stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the sale, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HEICO

Institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its position in HEICO by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 10,800 shares of the aerospace company’s stock worth $2,568,000 after acquiring an additional 138 shares during the last quarter. Trust Point Inc. lifted its position in HEICO by 408.3% during the fourth quarter. Trust Point Inc. now owns 5,149 shares of the aerospace company’s stock worth $1,224,000 after acquiring an additional 4,136 shares during the last quarter. Longboard Asset Management LP acquired a new stake in HEICO during the fourth quarter worth approximately $242,000. Barrett & Company Inc. lifted its position in HEICO by 12.2% during the fourth quarter. Barrett & Company Inc. now owns 3,141 shares of the aerospace company’s stock worth $747,000 after acquiring an additional 341 shares during the last quarter. Finally, EULAV Asset Management lifted its position in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after acquiring an additional 51,500 shares during the last quarter. 27.12% of the stock is currently 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.