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

HEICO Co. (NYSE:HEI) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $204.50.

HEI has been the topic of several research analyst reports. Royal Bank of Canada raised their price target on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Stifel Nicolaus lifted their target price on HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Thursday, January 25th.

HEICO Price Performance

HEI opened at $196.64 on Friday. The stock has a fifty day moving average of $191.28 and a 200-day moving average of $178.88. The firm has a market capitalization of $27.21 billion, a P/E ratio of 64.26, a PEG ratio of 3.24 and a beta of 1.16. HEICO has a 12-month low of $153.63 and a 12-month high of $200.64. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI) last posted its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The business’s revenue was up 44.4% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Equities analysts forecast that HEICO will post 3.47 EPS for the current fiscal year.

Insider Transactions at HEICO

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HEI. Zeno Equity Partners LLP bought a new position in shares of HEICO during the fourth quarter worth approximately $25,000. NBC Securities Inc. bought a new position in HEICO in the third quarter valued at approximately $42,000. Harbour Investments Inc. increased its stake in HEICO by 41.5% in the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 100 shares during the last quarter. Psagot Value Holdings Ltd. Israel bought a new position in HEICO in the fourth quarter valued at approximately $70,000. Finally, Janiczek Wealth Management LLC increased its stake in HEICO by 18.3% in the third quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 69 shares during the last quarter. 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.