HEICO (NYSE:HEI) Given New $265.00 Price Target at Morgan Stanley

HEICO (NYSE:HEI - Get Free Report) had its target price upped by equities research analysts at Morgan Stanley from $245.00 to $265.00 in a report issued on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the aerospace company's stock. Morgan Stanley's target price points to a potential upside of 1.63% from the company's current price.

A number of other research firms have also recently commented on HEI. Benchmark restated a "buy" rating and set a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Bank of America lifted their target price 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. UBS Group started coverage on HEICO in a research note on Tuesday. They issued a "neutral" rating and a $277.00 price target for the company. Stifel Nicolaus boosted their price objective on HEICO from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird increased their target price on HEICO from $243.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, HEICO currently has an average rating of "Moderate Buy" and an average target price of $270.70.

HEICO Stock Performance

Shares of HEI traded down $4.20 during trading hours on Friday, hitting $260.76. The stock had a trading volume of 364,778 shares, compared to its average volume of 375,554. The firm has a market capitalization of $36.11 billion, a PE ratio of 83.24, a PEG ratio of 3.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. HEICO has a 12 month low of $155.42 and a 12 month high of $269.38. The stock has a fifty day moving average price of $254.68 and a 200 day moving average price of $230.03.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business's revenue for the quarter was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. Analysts anticipate that HEICO will post 3.66 EPS for the current year.

Insiders Place Their Bets

In related news, insider Eric A. Mendelson sold 20,000 shares of the business's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $186.09, for a total value of $3,721,800.00. Following the sale, the insider now owns 148,891 shares in the company, valued at approximately $27,707,126.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Alan Schriesheim sold 332 shares of HEICO stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric A. Mendelson sold 20,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $186.09, for a total value of $3,721,800.00. Following the sale, the insider now owns 148,891 shares in the company, valued at $27,707,126.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Andra AP fonden bought a new stake in shares of HEICO in the 2nd quarter worth about $45,000. Center for Financial Planning Inc. purchased a new position in shares of HEICO during the second quarter valued at approximately $52,000. American National Bank bought a new position in shares of HEICO during the second quarter valued at approximately $66,000. FSC Wealth Advisors LLC purchased a new stake in shares of HEICO in the second quarter worth approximately $73,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of HEICO in the second quarter worth approximately $100,000. 27.12% of the stock is owned by hedge funds and other 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.