Heico Corporation (NYSE:HEI) Given Average Rating of “Moderate Buy” by Analysts

Heico Corporation (NYSE:HEI) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $362.8462.

Several equities research analysts have weighed in on HEI shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 price target (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. Truist Financial raised their target price on Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Stifel Nicolaus set a $370.00 target price on Heico and gave the company a “buy” rating in a research report on Monday, December 22nd. Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, UBS Group reissued a “neutral” rating and issued a $371.00 price objective (up previously from $359.00) on shares of Heico in a research note on Monday, December 22nd.

Heico Price Performance

Shares of HEI opened at $347.75 on Thursday. The firm has a market cap of $48.46 billion, a PE ratio of 70.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.03. Heico has a 52-week low of $216.68 and a 52-week high of $361.69. The business’s 50 day moving average price is $325.78 and its two-hundred day moving average price is $320.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83.

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

Heico Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a yield of 7.0%. Heico’s dividend payout ratio (DPR) is presently 4.89%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of Heico by 45.7% during the third quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after buying an additional 241,559 shares during the last quarter. Two Sigma Investments LP lifted its position in Heico by 0.6% in the 3rd quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock valued at $180,347,000 after acquiring an additional 3,166 shares in the last quarter. Congress Asset Management Co. boosted its stake in Heico by 366.0% during the 2nd quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company’s stock valued at $101,174,000 after purchasing an additional 242,264 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. increased its holdings in Heico by 1.2% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company’s stock worth $65,695,000 after purchasing an additional 2,331 shares in the last quarter. Finally, Munro Partners raised its stake in shares of Heico by 8.5% in the third quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock worth $63,800,000 after purchasing an additional 15,560 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.