Shares of HEICO Co. (NYSE:HEI - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,313,271 shares traded hands during trading, an increase of 91% from the previous session's volume of 687,053 shares.The stock last traded at $226.58 and had previously closed at $225.85.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Truist Financial lifted their price objective on HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Bank of America upped their price target on HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Morgan Stanley raised their price objective on shares of HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, UBS Group assumed coverage on shares of HEICO in a research report on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $270.20.
Get Our Latest Stock Analysis on HEICO
HEICO Price Performance
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 company's 50-day moving average is $255.80 and its 200-day moving average is $248.84. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 66.55, a price-to-earnings-growth ratio of 3.12 and a beta of 1.28.
HEICO (NYSE:HEI - Get Free Report) last posted 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $0.74 EPS. HEICO's revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that HEICO Co. will post 3.64 earnings per share for the current fiscal year.
HEICO Dividend Announcement
The company also recently announced a semi-annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO's payout ratio is 6.01%.
Insider Activity at HEICO
In other HEICO news, CEO Laurans A. Mendelson bought 725 shares of the stock in a transaction dated Friday, October 18th. The stock was bought at an average cost of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the purchase, the chief executive officer now owns 929,984 shares in the company, valued at $244,529,992.96. This represents a 0.08 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor H. Mendelson purchased 726 shares of HEICO stock in a transaction that occurred on 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 transaction, the insider now owns 1,234,950 shares in the company, valued at $324,717,753. This represents a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 2,175 shares of company stock valued at $571,895 in the last ninety days. Insiders own 8.10% of the company's stock.
Hedge Funds Weigh In On HEICO
A number of large investors have recently modified their holdings of HEI. Andra AP fonden acquired a new position in HEICO during the 2nd quarter valued at about $45,000. Strategic Financial Concepts LLC acquired a new position in HEICO in the second quarter valued at approximately $67,000. Rakuten Securities Inc. bought a new position in HEICO in the third quarter valued at approximately $81,000. Brooklyn Investment Group acquired a new stake in HEICO during the 3rd quarter worth $128,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of HEICO during the 3rd quarter valued at $144,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.
About HEICO
(
Get Free Report)
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.
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