HEICO Co. (NYSE:HEI) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have been given an average rating of "Moderate Buy" by the ten ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $270.70.

Several equities analysts recently commented on the stock. Truist Financial increased their price objective on shares of HEICO from $264.00 to $282.00 and gave the company a "buy" rating in a research note on Friday, October 18th. UBS Group started coverage on HEICO in a research note on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on HEICO from $235.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Royal Bank of Canada increased their target price on HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley boosted their price target on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th.

HEICO Price Performance

Shares of HEICO stock traded down $22.56 during trading on Wednesday, reaching $237.24. 2,185,838 shares of the company's stock were exchanged, compared to its average volume of 397,213. The firm's 50-day moving average price is $262.66 and its 200 day moving average price is $247.81. The company has a market cap of $32.88 billion, a P/E ratio of 69.57, a PEG ratio of 3.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO has a 1-year low of $169.70 and a 1-year high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that HEICO will post 3.64 earnings per share for the current year.

HEICO Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a yield of 0.1%. HEICO's payout ratio is currently 6.45%.

Insider Transactions at HEICO

In other HEICO news, Director Alan Schriesheim sold 332 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victor H. Mendelson acquired 726 shares of the company's stock in a transaction dated Friday, October 18th. The shares were bought at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the acquisition, the insider now directly owns 1,234,950 shares of the company's stock, valued at approximately $324,717,753. This trade represents a 0.06 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,175 shares of company stock valued at $571,895. Corporate insiders own 8.10% of the company's stock.

Institutional Trading of HEICO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden acquired a new position in HEICO during the second quarter worth $45,000. American National Bank acquired a new stake in shares of HEICO in the 2nd quarter worth about $66,000. Strategic Financial Concepts LLC bought a new position in HEICO in the 2nd quarter valued at about $67,000. Rakuten Securities Inc. acquired a new position in HEICO during the 3rd quarter valued at about $81,000. Finally, Hantz Financial Services Inc. bought a new stake in HEICO during the 2nd quarter worth approximately $100,000. 27.12% of the stock is owned by institutional investors.

HEICO Company Profile

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.