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

Shares of HEICO Co. (NYSE:HEI) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $198.10.

Several equities research analysts recently issued reports on HEI shares. The Goldman Sachs Group lifted their price objective on HEICO from $204.00 to $206.00 in a research note on Friday, August 11th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of HEICO in a research note on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on HEICO in a research note on Wednesday, September 27th. They set a “buy” rating and a $192.00 price objective for the company. StockNews.com began coverage on HEICO in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Robert W. Baird raised their price target on HEICO from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th.

HEICO Price Performance

HEICO stock opened at $170.65 on Tuesday. HEICO has a one year low of $147.69 and a one year high of $182.18. The business has a fifty day moving average price of $162.93 and a 200-day moving average price of $167.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.03 and a quick ratio of 2.50. The firm has a market capitalization of $23.58 billion, a P/E ratio of 59.46, a PEG ratio of 3.61 and a beta of 1.17.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Tuesday, August 29th. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $722.90 million during the quarter, compared to analyst estimates of $701.55 million. HEICO had a return on equity of 14.30% and a net margin of 15.05%. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. As a group, equities research analysts forecast that HEICO will post 2.84 EPS for the current year.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim sold 2,000 shares of HEICO stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $164.23, for a total value of $328,460.00. Following the transaction, the director now owns 105,111 shares in the company, valued at $17,262,379.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Laurans A. Mendelson sold 23,477 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $166.20, for a total transaction of $3,901,877.40. Following the transaction, the chief executive officer now owns 1,694,451 shares in the company, valued at approximately $281,617,756.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $164.23, for a total value of $328,460.00. Following the transaction, the director now owns 105,111 shares in the company, valued at approximately $17,262,379.53. The disclosure for this sale can be found here. Company insiders own 8.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC increased its holdings in HEICO by 3.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,363,157 shares of the aerospace company’s stock valued at $209,434,000 after purchasing an additional 40,452 shares during the period. Riverbridge Partners LLC boosted its position in HEICO by 3.9% during the 2nd quarter. Riverbridge Partners LLC now owns 1,198,169 shares of the aerospace company’s stock valued at $212,004,000 after acquiring an additional 44,873 shares in the last quarter. Select Equity Group L.P. bought a new stake in HEICO during the 1st quarter valued at approximately $85,710,000. Federated Hermes Inc. boosted its position in HEICO by 4.3% during the 1st quarter. Federated Hermes Inc. now owns 362,502 shares of the aerospace company’s stock valued at $62,002,000 after acquiring an additional 14,997 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in HEICO by 336.7% during the 1st quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company’s stock valued at $59,584,000 after acquiring an additional 268,584 shares in the last quarter. Hedge funds and other institutional investors own 27.77% of the company’s stock.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.