Brokerages Set Heico Corporation (NYSE:HEI) Target Price at $395.71

Shares of Heico Corporation (NYSE:HEI) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $395.3846.

HEI has been the topic of several recent research reports. Weiss Ratings upgraded Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Stifel Nicolaus set a $410.00 price objective on Heico in a report on Thursday, August 27th. Wells Fargo & Company set a $350.00 target price on Heico and gave the company an “equal weight” rating in a research note on Monday, June 1st. Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Citigroup boosted their target price on Heico from $429.00 to $441.00 and gave the stock a “buy” rating in a research report on Friday, August 28th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Diamant Asset Management Inc. raised its holdings in Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock worth $209,392,000 after buying an additional 760,687 shares during the period. Weitz Investment Management Inc. acquired a new position in shares of Heico in the second quarter valued at approximately $52,737,000. Bank of New York Mellon Corp acquired a new position in shares of Heico in the second quarter valued at approximately $54,386,000. Freestone Grove Partners LP bought a new stake in shares of Heico during the second quarter worth $50,276,000. Finally, Munro Partners increased its position in shares of Heico by 44.2% during the fourth quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock worth $92,190,000 after acquiring an additional 87,265 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Heico Trading Down 0.2%

Shares of NYSE HEI opened at $311.81 on Friday. Heico has a fifty-two week low of $256.11 and a fifty-two week high of $376.86. The firm has a market capitalization of $43.58 billion, a P/E ratio of 51.88, a P/E/G ratio of 2.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. The company’s 50 day simple moving average is $349.43 and its 200 day simple moving average is $320.69.

Heico (NYSE:HEI) last released its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.16. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.00%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. On average, analysts predict that Heico will post 6.23 EPS for the current year.

Heico Company Profile

HEICO Corporation is an aerospace, defense, industrial and electronics company that designs, manufactures and distributes products and provides related services for commercial aviation, defense, space, medical, telecommunications and other specialized markets. The company serves original equipment manufacturers, airlines, government agencies, defense contractors and other commercial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces FAA-approved replacement parts and provides aircraft component repair, overhaul and maintenance services.