Deutsche Bank Aktiengesellschaft Has Lowered Expectations for HEICO (NYSE:HEI) Stock Price

HEICO (NYSE:HEI - Free Report) had its target price reduced by Deutsche Bank Aktiengesellschaft from $271.00 to $266.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the aerospace company's stock.

Other equities research analysts have also issued research reports about the stock. Truist Financial lifted their price objective on shares of HEICO from $264.00 to $282.00 and gave the company a "buy" rating in a report on Friday, October 18th. Bank of America lifted their price target on shares of HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Stifel Nicolaus increased their price objective on HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. Morgan Stanley upped their price objective on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada lifted their target price on HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $270.20.

HEICO Trading Up 0.2 %

NYSE HEI traded up $0.45 during trading on Thursday, hitting $237.69. The stock had a trading volume of 955,261 shares, compared to its average volume of 399,673. HEICO has a one year low of $169.70 and a one year high of $283.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The stock has a market capitalization of $32.94 billion, a price-to-earnings ratio of 69.70, a P/E/G ratio of 3.14 and a beta of 1.24. The stock has a 50 day simple moving average of $261.76 and a 200 day simple moving average of $247.67.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. Sell-side analysts predict that HEICO will post 3.64 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a yield of 0.1%. HEICO's dividend payout ratio (DPR) is presently 6.45%.

Insider Buying and Selling at HEICO

In other news, insider Victor H. Mendelson purchased 726 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, with a total value of $190,894.44. Following the completion of the acquisition, the insider now owns 1,234,950 shares of the company's stock, valued at approximately $324,717,753. This represents a 0.06 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $66,941.16. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 2,175 shares of company stock valued at $571,895. 8.10% of the stock is owned by insiders.

Hedge Funds Weigh In On HEICO

Large investors have recently added to or reduced their stakes in the stock. Legacy Wealth Management LLC MS acquired a new position in HEICO in the 3rd quarter valued at $214,000. Synovus Financial Corp grew its holdings in shares of HEICO by 31.7% during the third quarter. Synovus Financial Corp now owns 1,975 shares of the aerospace company's stock worth $516,000 after buying an additional 475 shares in the last quarter. Tidal Investments LLC raised its position in shares of HEICO by 7.9% in the third quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company's stock valued at $407,000 after buying an additional 114 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of HEICO in the third quarter worth about $315,000. Finally, Unigestion Holding SA acquired a new position in HEICO during the third quarter worth about $822,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.