Heico (NYSE:HEI) Announces Earnings Results

Heico (NYSE:HEI) announced its quarterly earnings data on Wednesday. The aerospace company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33, Zacks reports. Heico had a net margin of 15.38% and a return on equity of 16.57%.

Heico Trading Up 0.5%

Shares of Heico stock traded up $1.47 during mid-day trading on Wednesday, hitting $310.33. 790,592 shares of the stock were exchanged, compared to its average volume of 649,603. Heico has a twelve month low of $256.11 and a twelve month high of $361.69. The stock has a market capitalization of $43.30 billion, a price-to-earnings ratio of 61.33, a price-to-earnings-growth ratio of 3.69 and a beta of 0.95. The company has a 50-day simple moving average of $283.99 and a 200 day simple moving average of $311.25. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55.

Analysts Set New Price Targets

A number of equities analysts have commented on HEI shares. Rothschild & Co Redburn set a $360.00 price objective on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wells Fargo & Company assumed coverage on shares of Heico in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price objective for the company. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group set a $375.00 price target on shares of Heico in a report on Sunday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $359.81.

Insider Activity

In other Heico news, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Heico

Hedge funds have recently modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new stake in shares of Heico during the 4th quarter worth about $26,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Heico during the 4th quarter worth about $32,000. Miller Capital Partners Inc. acquired a new stake in shares of Heico during the 4th quarter worth about $70,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Heico during the 4th quarter worth about $118,000. Finally, Greenline Wealth Management LLC acquired a new stake in shares of Heico during the 4th quarter worth about $118,000. 27.12% of the stock is owned by institutional investors and hedge funds.

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.