HEICO (NYSE:HEI) PT Raised to $230.00

HEICO (NYSE:HEI) had its price objective raised by Stifel Nicolaus from $215.00 to $230.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 10.35% from the company’s current price.

A number of other equities analysts have also recently commented on HEI. Royal Bank of Canada raised their target price on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

HEICO Price Performance

Shares of HEI opened at $208.44 on Monday. HEICO has a twelve month low of $153.63 and a twelve month high of $213.63. 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 has a 50 day moving average of $194.63 and a 200 day moving average of $183.07. The company has a market capitalization of $28.84 billion, a P/E ratio of 68.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.11.

HEICO (NYSE:HEI) last issued its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The company had revenue of $896.36 million for the quarter, compared to analysts’ expectations of $891.32 million. During the same quarter last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 44.4% on a year-over-year basis. As a group, equities research analysts anticipate that HEICO will post 3.47 earnings per share for the current fiscal year.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now directly owns 1,255 shares in the company, valued at $243,093.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now directly owns 1,255 shares in the company, valued at $243,093.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the sale, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in HEICO by 8.3% during the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after purchasing an additional 43,509 shares during the period. Wolverine Asset Management LLC raised its position in HEICO by 114.3% during the third quarter. Wolverine Asset Management LLC now owns 15,000 shares of the aerospace company’s stock valued at $2,429,000 after purchasing an additional 8,000 shares during the period. Azimuth Capital Investment Management LLC purchased a new stake in HEICO during the third quarter valued at approximately $6,908,000. Dynamo Internacional Gestao DE Recursos LTDA. raised its position in HEICO by 27.3% during the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock valued at $13,072,000 after purchasing an additional 17,323 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of HEICO in the third quarter worth approximately $705,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.