Heico Corporation (NYSE:HEI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Heico Corporation (NYSE:HEI) has received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $364.4286.

Several equities research analysts have issued reports on HEI shares. Susquehanna assumed coverage on Heico in a report on Friday, January 23rd. They set a “neutral” rating and a $385.00 price objective on the stock. BNP Paribas Exane set a $330.00 price target on shares of Heico in a research note on Tuesday, November 18th. Stifel Nicolaus set a $370.00 price target on shares of Heico and gave the company a “buy” rating in a report on Monday, December 22nd. Citigroup reissued a “buy” rating and set a $415.00 price objective (up from $367.00) on shares of Heico in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 target price (up previously from $350.00) on shares of Heico in a research report on Monday, December 22nd.

Heico Stock Performance

Shares of HEI stock opened at $332.77 on Monday. Heico has a 12 month low of $216.68 and a 12 month high of $361.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.83 and a quick ratio of 1.28. The firm has a market capitalization of $46.37 billion, a P/E ratio of 67.77, a P/E/G ratio of 3.67 and a beta of 1.01. The company’s fifty day moving average price is $332.16 and its two-hundred day moving average price is $321.55.

Heico (NYSE:HEI) last announced its earnings results 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 return on equity of 16.80% and a net margin of 15.39%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. On average, research analysts anticipate that Heico will post 4.2 earnings per share for the current fiscal year.

Heico Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were issued a dividend of $0.12 per share. This represents a yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio (DPR) is currently 4.89%.

Institutional Investors Weigh In On Heico

Several institutional investors and hedge funds have recently made changes to their positions in the company. CPC Advisors LLC bought a new stake in shares of Heico in the 3rd quarter worth $2,318,000. Vinva Investment Management Ltd raised its position in Heico by 849.8% in the second quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock worth $4,698,000 after acquiring an additional 12,815 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Heico in the 2nd quarter valued at about $1,086,000. Lombard Odier Asset Management USA Corp boosted its position in shares of Heico by 54.8% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock valued at $3,011,000 after purchasing an additional 3,249 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Heico in the 3rd quarter worth approximately $1,745,000. 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.