HEICO Co. (NYSE:HEI) Receives $270.70 Consensus PT from Analysts

HEICO Co. (NYSE:HEIGet Free Report) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $270.20.

A number of equities analysts have recently issued reports on HEI shares. Benchmark reiterated a “buy” rating and set a $245.00 target price on shares of HEICO in a research report on Tuesday, August 27th. UBS Group started coverage on HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective on the stock. Truist Financial boosted their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Robert W. Baird raised their price target on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada boosted their price objective on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th.

Check Out Our Latest Stock Analysis on HEICO

Insider Activity

In other HEICO news, Director Alan Schriesheim acquired 724 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average price of $262.94 per share, with a total value of $190,368.56. Following the purchase, the director now owns 174,878 shares of the company’s stock, valued at $45,982,421.32. This represents a 0.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Laurans A. Mendelson bought 725 shares of HEICO stock in a transaction on Friday, October 18th. The shares were acquired at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the acquisition, the chief executive officer now owns 929,984 shares of the company’s stock, valued at approximately $244,529,992.96. This represents a 0.08 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,175 shares of company stock valued at $571,895 in the last ninety days. 8.10% of the stock is owned by insiders.

Institutional Trading of HEICO

Several hedge funds have recently bought and sold shares of HEI. Two Sigma Advisers LP boosted its holdings in shares of HEICO by 3.7% in the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after buying an additional 13,100 shares during the period. Driehaus Capital Management LLC raised its stake in shares of HEICO by 66.0% in 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 during the period. AdvisorShares Investments LLC lifted its holdings in shares of HEICO by 7.4% in the second quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company’s stock valued at $7,190,000 after purchasing an additional 2,244 shares in the last quarter. Bright Rock Capital Management LLC acquired a new position in shares of HEICO during the third quarter worth about $1,830,000. Finally, Seven Eight Capital LP bought a new position in shares of HEICO during the second quarter worth about $423,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Trading Up 0.5 %

Shares of HEI opened at $238.94 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The company has a market cap of $33.12 billion, a price-to-earnings ratio of 70.07, a PEG ratio of 3.14 and a beta of 1.24. The stock has a fifty day moving average price of $261.76 and a two-hundred day moving average price of $247.67. HEICO has a 52-week low of $169.70 and a 52-week high of $283.60.

HEICO (NYSE:HEIGet Free Report) last released its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts predict that HEICO will post 3.64 EPS for the current fiscal year.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s payout ratio is currently 6.45%.

HEICO Company Profile

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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.

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Analyst Recommendations for HEICO (NYSE:HEI)

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