Heico Corporation (NYSE:HEI) Given Consensus Rating of “Moderate Buy” by Analysts

Heico Corporation (NYSE:HEI) has been given an average rating of “Moderate Buy” by the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $376.6875.

A number of analysts recently issued reports on HEI shares. Truist Financial raised shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. 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. Royal Bank Of Canada increased their target price on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Morgan Stanley set a $370.00 price target on Heico in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th.

Insider Transactions at Heico

In related news, CAO Bradley K. Rowen sold 1,326 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HEI. GM Advisory Group LLC raised its holdings in Heico by 1.2% in the 4th quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company’s stock valued at $966,000 after buying an additional 36 shares during the period. DSM Capital Partners LLC boosted its stake in Heico by 5.4% during the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock worth $221,000 after buying an additional 41 shares during the period. Mutual Advisors LLC increased its position in shares of Heico by 3.8% during the fourth quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company’s stock valued at $382,000 after acquiring an additional 43 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in Heico by 1.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company’s stock valued at $869,000 after purchasing an additional 48 shares during the last quarter. Finally, Coastal Bridge Advisors LLC lifted its stake in Heico by 4.1% during the fourth quarter. Coastal Bridge Advisors LLC now owns 1,246 shares of the aerospace company’s stock worth $403,000 after purchasing an additional 49 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Stock Performance

NYSE HEI opened at $375.03 on Monday. The stock has a 50-day simple moving average of $349.68 and a two-hundred day simple moving average of $319.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The firm has a market capitalization of $52.38 billion, a P/E ratio of 66.97, a PEG ratio of 3.88 and a beta of 1.04. Heico has a fifty-two week low of $256.11 and a fifty-two week high of $376.86.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.33 by $0.33. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. On average, equities analysts forecast that Heico will post 5.95 earnings per share for the current year.

Heico Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a dividend yield of 7.0%. Heico’s payout ratio is currently 4.64%.

About Heico

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.