HEICO Co. (NYSE:HEI) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $271.40.

HEI has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price objective 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, KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock.

HEICO Stock Down 1.9 %

HEICO stock traded down $5.09 during mid-day trading on Monday, reaching $263.50. The stock had a trading volume of 426,151 shares, compared to its average volume of 604,617. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The stock's 50-day simple moving average is $235.51 and its 200-day simple moving average is $250.41. The firm has a market capitalization of $36.58 billion, a PE ratio of 71.99, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.

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HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. On average, sell-side analysts forecast that HEICO will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.11 per share. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO's payout ratio is 5.45%.

Hedge Funds Weigh In On HEICO

Several institutional investors have recently added to or reduced their stakes in the stock. Compass Financial Services Inc bought a new stake in HEICO in the fourth quarter worth about $26,000. Banque Transatlantique SA bought a new stake in shares of HEICO in the 4th quarter worth approximately $44,000. Rakuten Securities Inc. purchased a new position in HEICO in the third quarter valued at approximately $81,000. Berbice Capital Management LLC bought a new position in HEICO during the fourth quarter valued at $95,000. Finally, Brooklyn Investment Group purchased a new stake in HEICO in the third quarter worth $128,000. Institutional investors own 27.12% of the company's stock.

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.