Heico Corporation (NYSE:HEI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Heico Corporation (NYSE:HEI) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $346.0909.

HEI has been the subject of several recent research reports. Wall Street Zen upgraded Heico from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a report on Wednesday. Morgan Stanley upped their price target on shares of Heico from $305.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Barclays lifted their price objective on shares of Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Finally, Truist Financial boosted their price objective on shares of Heico from $352.00 to $366.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th.

Heico Price Performance

Shares of HEI stock opened at $323.33 on Friday. The company has a market capitalization of $45.01 billion, a P/E ratio of 70.75, a P/E/G ratio of 3.64 and a beta of 1.08. The company’s 50-day simple moving average is $316.83 and its two-hundred day simple moving average is $305.97. Heico has a one year low of $216.68 and a one year high of $338.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51.

Heico (NYSE:HEI) last announced its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. Heico had a return on equity of 16.29% and a net margin of 14.96%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. Heico’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities analysts anticipate that Heico will post 4.2 EPS for the current year.

Insider Activity at Heico

In other Heico news, Director Julie Neitzel purchased 676 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was bought at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the purchase, the director owned 676 shares in the company, valued at $164,896.68. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adolfo Henriques purchased 676 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were acquired at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the purchase, the director directly owned 24,069 shares of the company’s stock, valued at approximately $5,871,151.17. The trade was a 2.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 4,448 shares of company stock worth $1,086,933 over the last ninety days. Corporate insiders own 9.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HEI. Baker Avenue Asset Management LP acquired a new stake in Heico during the 1st quarter worth about $345,000. Freedom Day Solutions LLC acquired a new stake in Heico during the first quarter worth about $2,653,000. Global Trust Asset Management LLC lifted its holdings in Heico by 145.2% in the second quarter. Global Trust Asset Management LLC now owns 4,610 shares of the aerospace company’s stock valued at $1,512,000 after acquiring an additional 2,730 shares during the period. Entropy Technologies LP acquired a new position in Heico in the first quarter valued at approximately $1,796,000. Finally, Eos Management L.P. boosted its position in Heico by 117.0% in the 1st quarter. Eos Management L.P. now owns 15,534 shares of the aerospace company’s stock worth $4,151,000 after purchasing an additional 8,376 shares in 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.