Heico Corporation (NYSE:HEI) Given Average Recommendation of “Moderate Buy” by Analysts

Heico Corporation (NYSE:HEI) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $364.4286.

Several research analysts have issued reports on HEI shares. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Susquehanna began coverage on shares of Heico in a report on Friday, January 23rd. They set a “neutral” rating and a $385.00 price objective on the stock. Stifel Nicolaus set a $370.00 target price on Heico and gave the stock a “buy” rating in a report on Monday, December 22nd. BNP Paribas Exane set a $330.00 price target on Heico in a report on Tuesday, November 18th. Finally, Citigroup reissued a “buy” rating and issued a $415.00 price target (up from $367.00) on shares of Heico in a research report on Tuesday, January 13th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new stake in Heico in the fourth quarter valued at approximately $26,000. Westside Investment Management Inc. lifted its holdings in shares of Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after buying an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Heico during the 3rd quarter valued at about $29,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Heico in the third quarter valued at about $31,000. Institutional investors own 27.12% of the company’s stock.

Heico Stock Up 1.5%

Shares of NYSE HEI opened at $351.34 on Monday. Heico has a 52-week low of $224.63 and a 52-week high of $361.69. The firm has a market capitalization of $48.96 billion, a price-to-earnings ratio of 71.56, a PEG ratio of 3.82 and a beta of 1.01. The stock has a 50 day moving average price of $335.25 and a 200 day moving average price of $322.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83.

Heico (NYSE:HEI) last issued its earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. Heico had a return on equity of 16.80% and a net margin of 15.39%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $0.99 EPS. Heico’s revenue was up 19.3% on a year-over-year basis. Sell-side analysts expect that Heico will post 4.2 earnings per share for the current year.

Heico Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were given a dividend of $0.12 per share. This represents a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio is presently 4.89%.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.