HEICO (NYSE:HEI) Reaches New 1-Year High at $210.03

HEICO Co. (NYSE:HEI)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $210.03 and last traded at $208.48, with a volume of 8088 shares changing hands. The stock had previously closed at $208.07.

Analyst Upgrades and Downgrades

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

HEICO Stock Up 0.3 %

The stock’s 50-day moving average is $193.60 and its 200-day moving average is $181.59. The stock has a market cap of $28.87 billion, a P/E ratio of 68.00, a price-to-earnings-growth ratio of 3.39 and a beta of 1.11. The company has a current ratio of 3.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI) last announced its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm had revenue of $896.36 million during the quarter, compared to analyst estimates of $891.32 million. During the same quarter in the prior year, the firm posted $0.67 EPS. HEICO’s revenue was up 44.4% compared to the same quarter last year. As a group, research analysts anticipate 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 Alan Schriesheim sold 26,000 shares of the company’s 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 completion of the sale, the director now directly owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other HEICO news, Director Alan Schriesheim sold 26,000 shares of the company’s 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 completion of the sale, the director now directly owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now directly owns 1,255 shares of the company’s stock, valued at $243,093.50. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Institutional Trading of HEICO

Several institutional investors have recently made changes to their positions in the stock. Moody Lynn & Lieberson LLC boosted its holdings in shares of HEICO by 2.6% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock worth $428,000 after purchasing an additional 60 shares during the period. Private Advisor Group LLC raised its position in HEICO by 0.7% during the fourth quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after acquiring an additional 81 shares in the last quarter. Ieq Capital LLC raised its position in HEICO by 4.2% during the third quarter. Ieq Capital LLC now owns 2,628 shares of the aerospace company’s stock valued at $426,000 after acquiring an additional 106 shares in the last quarter. Desjardins Global Asset Management Inc. raised its position in HEICO by 7.9% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock valued at $262,000 after acquiring an additional 107 shares in the last quarter. Finally, Roundview Capital LLC raised its position in HEICO by 1.0% during the third quarter. Roundview Capital LLC now owns 11,120 shares of the aerospace company’s stock valued at $1,801,000 after acquiring an additional 112 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.