HEICO (NYSE:HEI) Now Covered by Barclays

Research analysts at Barclays started coverage on shares of HEICO (NYSE:HEI) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $250.00 price target on the aerospace company’s stock. Barclays‘s target price would indicate a potential upside of 4.17% from the stock’s current price.

Several other research firms have also weighed in on HEI. Benchmark increased their target price on HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Robert W. Baird increased their target price on HEICO from $223.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Morgan Stanley raised HEICO from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $178.00 to $225.00 in a research note on Tuesday, June 4th. Stifel Nicolaus increased their target price on HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.78.

HEICO Trading Up 0.5 %

Shares of HEI opened at $240.00 on Monday. The company has a quick ratio of 1.57, a current ratio of 3.52 and a debt-to-equity ratio of 0.69. HEICO has a 12-month low of $155.42 and a 12-month high of $258.84. The firm has a market capitalization of $33.24 billion, a PE ratio of 75.47, a price-to-earnings-growth ratio of 3.53 and a beta of 1.20. The stock’s fifty day simple moving average is $229.86 and its 200-day simple moving average is $210.73.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The business had revenue of $955.40 million for the quarter, compared to analyst estimates of $951.24 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. As a group, research analysts predict that HEICO will post 3.57 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Eric A. Mendelson sold 8,864 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other HEICO news, insider Eric A. Mendelson sold 53,510 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $182.02, for a total value of $9,739,890.20. Following the completion of the transaction, the insider now directly owns 168,891 shares in the company, valued at $30,741,539.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the transaction, the insider now owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,206 shares of company stock worth $15,571,927. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HEI. HWG Holdings LP acquired a new stake in shares of HEICO in the second quarter valued at approximately $3,283,000. Driehaus Capital Management LLC lifted its position 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 buying an additional 77,067 shares during the last quarter. Security National Bank of SO Dak acquired a new stake in shares of HEICO in the second quarter valued at approximately $206,000. Scientech Research LLC acquired a new stake in shares of HEICO in the second quarter valued at approximately $534,000. Finally, AXA S.A. lifted its position in shares of HEICO by 11.0% in the second quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock valued at $22,804,000 after buying an additional 10,143 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

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.