HEICO Co. (NYSE:HEI) Receives $270.20 Average Target Price from Analysts

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $270.20.

HEI has been the subject of a number of research reports. Bank of America lifted their price objective on shares of HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, September 19th. UBS Group assumed coverage on HEICO in a research report on Tuesday, October 15th. They set a "neutral" rating and a $277.00 price objective on the stock. Truist Financial increased their price objective on HEICO from $264.00 to $282.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft lowered their target price on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, Morgan Stanley increased their price target on HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th.

Insiders Place Their Bets

In other news, insider Victor H. Mendelson bought 726 shares of the business's stock in a transaction dated Friday, October 18th. The shares were acquired at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the transaction, the insider now 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Schriesheim bought 724 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, with a total value of $190,368.56. Following the completion of the transaction, the director now owns 174,878 shares in the company, valued at approximately $45,982,421.32. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 2,175 shares of company stock valued at $571,895. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HEICO

A number of institutional investors have recently modified their holdings of HEI. Rakuten Securities Inc. purchased a new position in HEICO during the 3rd quarter worth $81,000. Brooklyn Investment Group purchased a new position in shares of HEICO during the third quarter worth about $128,000. Global Trust Asset Management LLC purchased a new position in shares of HEICO during the third quarter worth about $144,000. Arcadia Investment Management Corp MI acquired a new stake in HEICO during the 3rd quarter worth approximately $157,000. Finally, Centaurus Financial Inc. lifted its position in HEICO by 8.9% during the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company's stock worth $191,000 after acquiring an additional 60 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Trading Down 0.7 %

NYSE HEI traded down $1.66 on Friday, reaching $225.73. The stock had a trading volume of 743,726 shares, compared to its average volume of 833,404. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $255.05 and a two-hundred day moving average price of $248.98. HEICO has a 12-month low of $169.78 and a 12-month high of $283.60. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 66.20, a P/E/G ratio of 3.12 and a beta of 1.28.

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

HEICO Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend is Friday, January 3rd. HEICO's dividend payout ratio (DPR) is 6.01%.

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.