HEICO (NYSE:HEI) Hits New 12-Month High at $203.68

HEICO Co. (NYSE:HEI) hit a new 52-week high on Tuesday . The stock traded as high as $203.68 and last traded at $203.68, with a volume of 53936 shares traded. The stock had previously closed at $199.41.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HEI shares. Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Thursday, January 25th. Stifel Nicolaus increased their price objective on HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada upped their target price on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, HEICO has an average rating of “Moderate Buy” and a consensus target price of $204.50.

HEICO Stock Up 3.0 %

The company has a market cap of $28.41 billion, a PE ratio of 65.18, a P/E/G ratio of 3.22 and a beta of 1.16. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $191.70 and its 200-day simple moving average is $179.68.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping 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 business had revenue of $896.36 million during the quarter, compared to the consensus estimate of $891.32 million. During the same period in the prior year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 44.4% on a year-over-year basis. As a group, equities research analysts expect that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

Insider Buying and Selling at HEICO

In other HEICO news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were 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 in the company, valued at $29,953,559.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the 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 sale, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HEICO

Institutional investors and hedge funds have recently bought and sold shares of the business. Zeno Equity Partners LLP acquired a new stake in shares of HEICO in the fourth quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in shares of HEICO in the third quarter valued at approximately $42,000. Psagot Value Holdings Ltd. Israel acquired a new position in shares of HEICO during the fourth quarter valued at approximately $70,000. Beaumont Financial Advisors LLC acquired a new position in shares of HEICO during the fourth quarter valued at approximately $200,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of HEICO during the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds 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.