HEICO Co. (NYSE:HEI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of HEICO Co. (NYSE:HEI) have received an average rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $204.50.

A number of analysts have weighed in on HEI shares. Stifel Nicolaus raised their price target on HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Thursday, January 25th. Morgan Stanley cut HEICO from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $184.00 to $174.00 in a research report on Wednesday, December 20th. Royal Bank of Canada lifted their target price on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Truist Financial lifted their target price on HEICO from $190.00 to $229.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th.

HEICO Trading Up 1.6 %

NYSE:HEI opened at $193.77 on Friday. The firm has a market cap of $26.81 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 3.08 and a beta of 1.16. The stock has a fifty day moving average price of $190.37 and a 200 day moving average price of $177.64. HEICO has a 12-month low of $153.63 and a 12-month high of $200.64. The company has a current ratio of 3.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company had revenue of $896.36 million for the quarter, compared to analysts’ expectations of $891.32 million. During the same period last year, the firm earned $0.67 earnings per share. HEICO’s quarterly revenue was up 44.4% on a year-over-year basis. Sell-side analysts anticipate that HEICO will post 3.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the sale, the director now owns 155,862 shares of the company’s stock, valued at approximately $29,953,559.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Several institutional investors have recently modified their holdings of HEI. Moody Lynn & Lieberson LLC raised its position in shares of HEICO by 2.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock worth $428,000 after purchasing an additional 60 shares during the last quarter. Essex LLC raised its holdings in HEICO by 5.4% in the 3rd quarter. Essex LLC now owns 1,265 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 65 shares during the last quarter. Janiczek Wealth Management LLC raised its holdings in HEICO by 18.3% in the 3rd quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 69 shares during the last quarter. Private Advisor Group LLC raised its holdings in HEICO by 0.7% in the 4th quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after acquiring an additional 81 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in HEICO by 13.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 729 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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.