HEICO (NYSE:HEI) Given New $294.00 Price Target at Truist Financial

HEICO (NYSE:HEI) had its price target boosted by Truist Financial from $282.00 to $294.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Stock Up 1.2 %

HEI stock opened at $268.61 on Wednesday. The firm has a market cap of $37.29 billion, a PE ratio of 73.39, a PEG ratio of 3.10 and a beta of 1.26. HEICO has a 1 year low of $182.47 and a 1 year high of $283.60. The company has a fifty day simple moving average of $234.94 and a 200 day simple moving average of $250.28. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last posted its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. Sell-side analysts anticipate that HEICO will post 4.2 EPS for the current fiscal year.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s payout ratio is currently 5.45%.

Institutional Trading of HEICO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Compass Financial Services Inc acquired a new position in shares of HEICO during the fourth quarter valued at about $26,000. Banque Transatlantique SA bought a new position in HEICO during the fourth quarter valued at about $44,000. Rakuten Securities Inc. acquired a new position in HEICO in the 3rd quarter valued at approximately $81,000. Berbice Capital Management LLC bought a new stake in shares of HEICO in the 4th quarter worth approximately $95,000. Finally, Brooklyn Investment Group acquired a new stake in shares of HEICO during the 3rd quarter worth approximately $128,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.