Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for HEICO (NYSE:HEI) Stock Price

HEICO (NYSE:HEI) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $271.00 to $266.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

HEI has been the subject of several other research reports. UBS Group began coverage on HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 target price for the company. Royal Bank of Canada upped their price objective on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Robert W. Baird upped their price target on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Truist Financial lifted their price objective on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Morgan Stanley upped their target price on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Trading Up 0.2 %

NYSE:HEI opened at $237.69 on Thursday. The stock has a fifty day simple moving average of $261.76 and a 200 day simple moving average of $247.67. The firm has a market capitalization of $32.94 billion, a price-to-earnings ratio of 69.70, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. HEICO has a 1-year low of $169.70 and a 1-year high of $283.60. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last announced its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts forecast that HEICO will post 3.64 earnings per share for the current year.

HEICO Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is 6.45%.

Insider Transactions at HEICO

In related news, insider Victor H. Mendelson purchased 726 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were bought at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the transaction, the insider now directly owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. This trade represents a 0.06 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Laurans A. Mendelson acquired 725 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were bought at an average cost of $262.94 per share, with a total value of $190,631.50. Following the transaction, the chief executive officer now directly owns 929,984 shares of the company’s stock, valued at $244,529,992.96. The trade was a 0.08 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,175 shares of company stock worth $571,895. Company insiders own 8.10% of the company’s stock.

Institutional Trading of HEICO

A number of institutional investors and hedge funds have recently modified their holdings of HEI. Andra AP fonden bought a new position in HEICO in the second quarter worth $45,000. Strategic Financial Concepts LLC acquired a new stake in shares of HEICO during the 2nd quarter valued at about $67,000. Rakuten Securities Inc. acquired a new position in HEICO in the third quarter worth about $81,000. Hantz Financial Services Inc. bought a new position in HEICO during the second quarter worth about $100,000. Finally, Brooklyn Investment Group acquired a new stake in HEICO during the third quarter valued at approximately $128,000. 27.12% of the stock is currently owned by institutional investors.

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.