HEICO (NYSE:HEI) PT Raised to $271.00 at Deutsche Bank Aktiengesellschaft

HEICO (NYSE:HEI) had its price target increased by Deutsche Bank Aktiengesellschaft from $235.00 to $271.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

A number of other analysts have also recently issued reports on HEI. Barclays initiated coverage on HEICO in a research note on Monday, August 19th. They set an equal weight rating and a $250.00 target price for the company. Benchmark reissued a buy rating and set a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Morgan Stanley raised shares of HEICO from an underweight rating to an equal weight rating and raised their price target for the stock from $178.00 to $225.00 in a research note on Tuesday, June 4th. Bank of America raised their price target on shares of HEICO from $220.00 to $250.00 and gave the stock a buy rating in a research note on Monday, June 24th. Finally, Robert W. Baird raised their price target on shares of HEICO from $243.00 to $280.00 and gave the stock an outperform rating in a research note on Wednesday, August 28th. 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 MarketBeat.com, HEICO presently has an average rating of Moderate Buy and an average target price of $259.67.

HEICO Price Performance

NYSE HEI opened at $249.43 on Wednesday. The business has a 50 day simple moving average of $235.90 and a 200 day simple moving average of $216.05. HEICO has a 52-week low of $155.42 and a 52-week high of $259.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.57 and a current ratio of 3.30. The stock has a market cap of $34.55 billion, a price-to-earnings ratio of 78.44, a PEG ratio of 3.72 and a beta of 1.22.

HEICO (NYSE:HEI) last posted its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. During the same period in the prior year, the business earned $0.77 EPS. HEICO’s revenue for the quarter was up 37.3% compared to the same quarter last year. Analysts anticipate that HEICO will post 3.62 earnings per share for the current fiscal year.

HEICO Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Monday, July 1st. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. HEICO’s dividend payout ratio is presently 6.92%.

Insider Activity

In other news, insider Eric A. Mendelson sold 53,510 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 owns 168,891 shares of the company’s stock, valued at approximately $30,741,539.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Eric A. Mendelson sold 53,510 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 owns 168,891 shares of the company’s stock, valued at approximately $30,741,539.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric A. Mendelson sold 2,832 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $180.06, for a total value of $509,929.92. Following the sale, the insider now directly owns 246,060 shares of the company’s stock, valued at approximately $44,305,563.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,206 shares of company stock valued at $15,571,927. 8.10% of the stock is owned by insiders.

Institutional Investors Weigh In On HEICO

Several hedge funds have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC lifted its holdings in HEICO by 0.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock valued at $5,109,000 after purchasing an additional 80 shares during the last quarter. Private Advisor Group LLC lifted its holdings in HEICO by 0.7% during the 4th quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after purchasing an additional 81 shares during the last quarter. Avalon Capital Management lifted its holdings in HEICO by 3.5% during the 2nd quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 123 shares during the last quarter. KPP Advisory Services LLC lifted its holdings in HEICO by 7.0% during the 4th quarter. KPP Advisory Services LLC now owns 1,900 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 124 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its holdings in shares of HEICO by 2.2% during the first quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company’s stock worth $1,222,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.