Analysts Set HEICO Co. (NYSE:HEI) Target Price at $270.20

HEICO Co. (NYSE:HEI) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $270.20.

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Truist Financial upped their price target on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group started coverage on HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective on the stock. KeyCorp began coverage on HEICO in a research report on Thursday. They issued a “sector weight” rating for the company. Finally, Morgan Stanley raised their target price on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th.

HEICO Stock Up 0.5 %

Shares of HEI opened at $236.87 on Friday. The firm has a market cap of $32.88 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 3.08 and a beta of 1.28. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $252.65 and its two-hundred day moving average is $249.07. HEICO has a fifty-two week low of $171.14 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. Analysts forecast that HEICO will post 4.21 earnings per share for the current year.

HEICO Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s dividend payout ratio is currently 6.01%.

Hedge Funds Weigh In On HEICO

Several large investors have recently added to or reduced their stakes in HEI. EULAV Asset Management raised its holdings in shares of HEICO by 5.0% during the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after purchasing an additional 19,200 shares during the period. Two Sigma Advisers LP raised its stake in HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after acquiring an additional 13,100 shares during the period. Driehaus Capital Management LLC lifted its holdings in HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after acquiring an additional 77,067 shares during the last quarter. Vantage Investment Partners LLC boosted its stake in HEICO by 1.4% in the third quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock valued at $32,013,000 after acquiring an additional 1,717 shares during the period. Finally, Marsico Capital Management LLC grew its holdings in shares of HEICO by 19.3% during the second quarter. Marsico Capital Management LLC now owns 114,236 shares of the aerospace company’s stock valued at $25,544,000 after purchasing an additional 18,465 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

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.