Heico Corporation (NYSE:HEI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Heico Corporation (NYSE:HEI) have received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $357.0714.

Several brokerages have commented on HEI. Truist Financial lifted their price objective on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a report on Monday, December 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $375.00 price objective (up previously from $350.00) on shares of Heico in a research note on Monday, December 22nd. Stifel Nicolaus set a $370.00 target price on Heico and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $371.00 price target (up from $359.00) on shares of Heico in a research report on Monday, December 22nd.

Heico Stock Down 0.9%

Heico stock opened at $334.99 on Friday. The business’s 50-day simple moving average is $316.25 and its two-hundred day simple moving average is $316.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.51 and a current ratio of 2.83. The company has a market cap of $46.68 billion, a PE ratio of 68.23, a PEG ratio of 3.76 and a beta of 1.04. Heico has a fifty-two week low of $216.68 and a fifty-two week high of $340.11.

Heico (NYSE:HEI) last announced its quarterly earnings data on Thursday, December 18th. The aerospace company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.11. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $0.99 earnings per share. Equities analysts anticipate that Heico will post 4.2 EPS for the current year.

Heico Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, January 20th. Investors of record on Monday, January 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, January 5th. This represents a yield of 8.0%. Heico’s dividend payout ratio is 4.89%.

Insider Activity at Heico

In other news, Director Alan Schriesheim acquired 672 shares of the business’s stock in a transaction on Friday, October 10th. The stock was bought at an average price of $243.93 per share, with a total value of $163,920.96. Following the completion of the acquisition, the director owned 672 shares of the company’s stock, valued at approximately $163,920.96. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carol F. Fine bought 672 shares of the stock in a transaction dated Friday, October 10th. The shares were purchased at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the purchase, the director owned 672 shares in the company, valued at approximately $163,920.96. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 4,448 shares of company stock valued at $1,086,933 in the last quarter. 9.55% of the stock is currently owned by insiders.

Institutional Trading of Heico

Several institutional investors have recently bought and sold shares of HEI. Westside Investment Management Inc. raised its stake in shares of Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after buying an additional 43 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in Heico during the third quarter worth $29,000. Hazlett Burt & Watson Inc. acquired a new position in Heico during the third quarter worth $31,000. Ridgewood Investments LLC lifted its holdings in Heico by 36.5% during the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 35 shares in the last quarter. Finally, Banque Transatlantique SA grew its position in shares of Heico by 36.8% in the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 68 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.