William Blair Reaffirms “Outperform” Rating for HEICO (NYSE:HEI)

HEICO (NYSE:HEI)‘s stock had its “outperform” rating reissued by equities researchers at William Blair in a note issued to investors on Tuesday,RTT News reports.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. Finally, Truist Financial upped their target price on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and an average target price of $271.40.

HEICO Stock Up 0.6 %

NYSE:HEI traded up $1.57 during mid-day trading on Tuesday, hitting $269.45. The stock had a trading volume of 151,671 shares, compared to its average volume of 567,920. HEICO has a twelve month low of $185.03 and a twelve month high of $283.60. The stock has a 50-day simple moving average of $242.32 and a two-hundred day simple moving average of $251.42. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $37.44 billion, a PE ratio of 73.62, a PEG ratio of 3.10 and a beta of 1.26.

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

Hedge Funds Weigh In On HEICO

A number of large investors have recently modified their holdings of the business. Compass Financial Services Inc acquired a new stake in shares of HEICO in the 4th quarter worth approximately $26,000. Banque Transatlantique SA acquired a new position in shares of HEICO during the 4th quarter worth $44,000. Berbice Capital Management LLC purchased a new stake in shares of HEICO in the 4th quarter worth about $95,000. Brooklyn Investment Group acquired a new stake in HEICO in the 3rd quarter valued at about $128,000. Finally, SBI Securities Co. Ltd. purchased a new position in HEICO during the 4th quarter valued at about $135,000. 27.12% of the stock is owned by hedge funds and other 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.