HEICO Co. (NYSE:HEI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of HEICO Co. (NYSE:HEI) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $271.40.

Several research analysts recently commented on HEI shares. William Blair reiterated an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft decreased their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Truist Financial lifted their price objective on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock.

Institutional Trading of HEICO

Large investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC boosted its position in HEICO by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock valued at $5,285,970,000 after buying an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC purchased a new stake in shares of HEICO in the fourth quarter valued at approximately $110,503,000. EULAV Asset Management grew its position in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after buying an additional 51,500 shares in the last quarter. Fisher Asset Management LLC grew its holdings in HEICO by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock worth $98,791,000 after acquiring an additional 66,583 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in HEICO by 2.3% during the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company’s stock valued at $88,244,000 after buying an additional 8,300 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Trading Up 1.0 %

HEI stock opened at $269.80 on Friday. The firm has a fifty day moving average price of $246.43 and a 200 day moving average price of $252.00. HEICO has a fifty-two week low of $185.03 and a fifty-two week high of $283.60. The firm has a market cap of $37.49 billion, a PE ratio of 73.72, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI) last released its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. Sell-side analysts anticipate that HEICO will post 4.2 earnings per share for the current fiscal 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.