HEICO (NYSE:HEI) Given New $271.00 Price Target at Deutsche Bank Aktiengesellschaft

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

A number of other analysts have also weighed in on the company. Royal Bank of Canada raised their target price on HEICO from $250.00 to $272.00 and gave the company an outperform rating in a research note on Wednesday, August 28th. Benchmark reaffirmed a buy rating and issued a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Stifel Nicolaus increased their price target on shares of HEICO from $250.00 to $280.00 and gave the company a buy rating in a research note on Tuesday, August 27th. Barclays assumed coverage on shares of HEICO in a research report on Monday, August 19th. They issued an equal weight rating and a $250.00 price objective for the company. Finally, Morgan Stanley upgraded HEICO from an underweight rating to an equal weight rating and increased their price objective for the company from $178.00 to $225.00 in a research report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $259.67.

HEICO Price Performance

NYSE:HEI opened at $252.78 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. The firm has a market cap of $35.01 billion, a PE ratio of 79.49, a price-to-earnings-growth ratio of 3.72 and a beta of 1.20. HEICO has a 12 month low of $155.42 and a 12 month high of $259.04. The company’s 50-day moving average price is $234.88 and its two-hundred day moving average price is $215.24.

HEICO (NYSE:HEI) last announced its earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $995.34 million. During the same period in the previous year, the business earned $0.77 EPS. HEICO’s revenue was up 37.3% compared to the same quarter last year. On average, equities analysts anticipate that HEICO will post 3.62 EPS for the current fiscal year.

HEICO Increases Dividend

The business also recently disclosed 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 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 6.92%.

Insider Buying and Selling at HEICO

In other news, insider Eric A. Mendelson sold 20,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the completion of the transaction, the insider now directly owns 148,891 shares in the company, valued at approximately $27,707,126.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other HEICO news, insider Eric A. Mendelson sold 20,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $186.09, for a total value of $3,721,800.00. Following the sale, the insider now directly owns 148,891 shares in the company, valued at $27,707,126.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the sale, the insider now directly owns 222,401 shares in the company, valued at approximately $40,152,276.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,206 shares of company stock valued at $15,571,927. 8.10% of the stock is currently owned by company insiders.

Institutional Trading of HEICO

Large investors have recently bought and sold shares of the business. AGF Management Ltd. boosted its holdings 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 valued at $212,417,000 after buying an additional 362,625 shares during the period. Capital World Investors increased its holdings in HEICO by 10.5% during the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock worth $586,036,000 after purchasing an additional 311,304 shares in the last quarter. Vantage Investment Partners LLC acquired a new stake in shares of HEICO in the 2nd quarter valued at about $26,993,000. Driehaus Capital Management LLC lifted its holdings in shares of HEICO by 66.0% in the second 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, EULAV Asset Management boosted its position 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 worth $67,250,000 after buying an additional 66,800 shares during the period. 27.12% of the stock is owned by institutional investors.

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.