HEICO Co. (NYSE:HEI) Receives $267.36 Consensus Price Target from Brokerages

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $267.36.

A number of analysts have recently issued reports on the stock. KeyCorp initiated coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating for the company. Wells Fargo & Company initiated coverage on HEICO in a research note on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price target for the company. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Finally, Truist Financial decreased their target price on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th.

HEICO Stock Performance

HEICO stock traded down $0.06 during trading on Tuesday, reaching $247.15. The company had a trading volume of 191,858 shares, compared to its average volume of 462,314. The firm has a market capitalization of $34.34 billion, a price-to-earnings ratio of 67.52, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm's 50-day simple moving average is $251.70 and its 200 day simple moving average is $250.23. HEICO has a 52 week low of $201.81 and a 52 week high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. Sell-side analysts forecast that HEICO will post 4.2 earnings per share for the current fiscal year.

Insider Transactions at HEICO

In related news, Director Alan Schriesheim sold 50,000 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the completion of the sale, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julie Neitzel sold 700 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the transaction, the director now owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.55% of the company's stock.

Hedge Funds Weigh In On HEICO

Several hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its stake in shares of HEICO by 219,129.4% during the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after buying an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC bought a new position in HEICO in the 4th quarter valued at $110,503,000. Freestone Grove Partners LP purchased a new stake in HEICO in the fourth quarter worth $71,030,000. Squarepoint Ops LLC lifted its position in shares of HEICO by 2,203.0% during the fourth quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock worth $20,691,000 after purchasing an additional 83,251 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HEICO during the fourth quarter valued at $16,578,000. 27.12% of the stock is currently owned by institutional investors.

About HEICO

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.