HEICO (NYSE:HEI) Earns Equal Weight Rating from Analysts at Barclays

Barclays started coverage on shares of HEICO (NYSE:HEI) in a research note issued to investors on Monday, Marketbeat reports. The brokerage issued an equal weight rating and a $250.00 price target on the aerospace company’s stock.

HEI has been the subject of a number of other reports. Stifel Nicolaus lifted their price objective on shares of HEICO from $215.00 to $230.00 and gave the stock a buy rating in a research note on Monday, May 6th. Benchmark boosted their price objective on HEICO from $185.00 to $245.00 and gave the stock a buy rating in a research note on Friday, June 14th. Deutsche Bank Aktiengesellschaft upped their price objective on HEICO from $209.00 to $235.00 and gave the company a buy rating in a research report on Tuesday, May 21st. Royal Bank of Canada lifted their target price on HEICO from $235.00 to $250.00 and gave the stock an outperform rating in a report on Thursday, May 30th. Finally, Bank of America raised their price target on HEICO from $220.00 to $250.00 and gave the stock a buy rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, HEICO currently has an average rating of Moderate Buy and a consensus price target of $241.78.

HEICO Stock Up 1.9 %

HEI opened at $244.57 on Monday. HEICO has a 52 week low of $155.42 and a 52 week high of $258.84. The company has a quick ratio of 1.57, a current ratio of 3.52 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $229.86 and a two-hundred day simple moving average of $210.73. The company has a market capitalization of $33.87 billion, a PE ratio of 76.91, a price-to-earnings-growth ratio of 3.53 and a beta of 1.20.

HEICO (NYSE:HEI) last released its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The business had revenue of $955.40 million during the quarter, compared to analysts’ expectations of $951.24 million. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Analysts forecast that HEICO will post 3.57 earnings per share for the current fiscal year.

HEICO Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, July 1st. This is a boost from HEICO’s previous Semi-Annual dividend of $0.07. This represents a dividend yield of 0.1%. HEICO’s payout ratio is currently 6.92%.

Insider Buying and Selling at HEICO

In other HEICO news, insider Eric A. Mendelson sold 53,510 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total value of $9,739,890.20. Following the completion of the sale, the insider now directly owns 168,891 shares of the company’s stock, valued at approximately $30,741,539.82. The transaction was disclosed in a filing with the SEC, which is available through this link. In other HEICO news, insider Eric A. Mendelson sold 53,510 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total value of $9,739,890.20. Following the completion of the sale, the insider now directly owns 168,891 shares of the company’s stock, valued at approximately $30,741,539.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric A. Mendelson sold 2,832 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $180.06, for a total transaction of $509,929.92. Following the completion of the sale, the insider now directly owns 246,060 shares of the company’s stock, valued at $44,305,563.60. The disclosure for this sale can be found here. Insiders sold a total of 85,206 shares of company stock valued at $15,571,927 in the last three months. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Several hedge funds have recently modified their holdings of HEI. National Wealth Management Group LLC purchased a new stake in shares of HEICO in the 4th quarter worth approximately $393,000. Linden Thomas Advisory Services LLC lifted its position in shares of HEICO by 2.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,174 shares of the aerospace company’s stock worth $1,462,000 after purchasing an additional 227 shares during the period. Cutter & CO Brokerage Inc. lifted its position in shares of HEICO by 0.9% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 48,050 shares of the aerospace company’s stock worth $8,595,000 after purchasing an additional 443 shares during the period. Semanteon Capital Management LP bought a new position in shares of HEICO during the 4th quarter worth approximately $304,000. Finally, Bahl & Gaynor Inc. raised its stake in shares of HEICO by 33.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 3,823 shares of the aerospace company’s stock worth $684,000 after acquiring an additional 955 shares in the last quarter. Hedge funds and other institutional investors 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.