HEICO Co. (NYSE:HEI) Receives $270.20 Average Price Target from Analysts

HEICO Co. (NYSE:HEI) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $270.20.

A number of analysts have issued reports on HEI shares. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Morgan Stanley raised their target price on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. UBS Group started coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their target price on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Truist Financial raised their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

Hedge Funds Weigh In On HEICO

A number of hedge funds and other institutional investors have recently bought and sold shares of HEI. Gunderson Capital Management Inc. boosted its holdings in HEICO by 15.5% during the 3rd quarter. Gunderson Capital Management Inc. now owns 13,571 shares of the aerospace company’s stock valued at $3,549,000 after acquiring an additional 1,818 shares during the period. USA Financial Formulas purchased a new position in HEICO during the 3rd quarter valued at about $326,000. Private Advisory Group LLC purchased a new position in HEICO during the 3rd quarter valued at about $257,000. CX Institutional purchased a new position in HEICO during the 3rd quarter valued at about $228,000. Finally, Carderock Capital Management Inc. boosted its holdings in HEICO by 2.7% during the 3rd quarter. Carderock Capital Management Inc. now owns 37,261 shares of the aerospace company’s stock valued at $9,743,000 after acquiring an additional 969 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

HEICO Trading Down 0.4 %

Shares of HEI stock opened at $233.84 on Thursday. The stock’s fifty day moving average is $241.14 and its two-hundred day moving average is $250.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market capitalization of $32.46 billion, a P/E ratio of 63.89, a PEG ratio of 3.19 and a beta of 1.29. HEICO has a fifty-two week low of $182.47 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Research analysts expect that HEICO will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

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

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.