HEICO Co. (NYSE:HEI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of HEICO Co. (NYSE:HEI) have been given an average rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $270.70.

A number of analysts recently commented on HEI shares. Morgan Stanley upped their price target on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada raised their price target on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Bank of America boosted their price objective on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Truist Financial raised their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Robert W. Baird upped their price target on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th.

Insider Buying and Selling

In other HEICO news, Director Alan Schriesheim sold 332 shares of HEICO stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Frank J. Schwitter acquired 475 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the acquisition, the director now owns 1,730 shares in the company, valued at approximately $436,409.80. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Alan Schriesheim sold 332 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,650 shares of company stock worth $691,718. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of HEICO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AGF Management Ltd. increased its stake in shares of HEICO by 61.7% in the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after buying an additional 362,625 shares during the period. EULAV Asset Management raised its stake in shares of HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after acquiring an additional 66,800 shares during the last quarter. TCW Group Inc. increased its stake in shares of HEICO by 3.0% during the second quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after buying an additional 5,779 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after purchasing an additional 77,067 shares in the last quarter. Finally, Vantage Investment Partners LLC raised its position in shares of HEICO by 1.4% in the 3rd quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock worth $32,013,000 after acquiring an additional 1,717 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

HEICO stock opened at $248.60 on Tuesday. The business’s 50 day simple moving average is $257.42 and its 200 day simple moving average is $235.33. HEICO has a 12 month low of $160.05 and a 12 month high of $269.38. The company has a market cap of $34.46 billion, a price-to-earnings ratio of 72.90, a PEG ratio of 2.98 and a beta of 1.23. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. Sell-side analysts forecast that HEICO will post 3.65 EPS for the current year.

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.