Brokerages Set HEICO Co. (NYSE:HEI) Target Price at $270.70

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $270.70.

HEI has been the subject of several analyst reports. Barclays initiated coverage on HEICO in a research note on Monday, August 19th. They issued an "equal weight" rating and a $250.00 price objective for the company. Morgan Stanley raised their price objective on HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on HEICO from $235.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Benchmark reaffirmed a "buy" rating and issued a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Finally, Bank of America raised their price target on HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th.

Insiders Place Their Bets

In other news, insider Victor H. Mendelson acquired 726 shares of HEICO stock in a transaction on Friday, October 18th. The shares were bought at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the acquisition, the insider now directly owns 1,234,950 shares of the company's stock, valued at $324,717,753. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Victor H. Mendelson acquired 726 shares of HEICO stock in a transaction on Friday, October 18th. The shares were bought at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the acquisition, the insider now directly owns 1,234,950 shares of the company's stock, valued at $324,717,753. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan Schriesheim sold 332 shares of the firm's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The disclosure for this sale can be found here. Insiders have bought 2,650 shares of company stock worth $691,718 in the last ninety days. 8.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HEI. AGF Management Ltd. grew its stake in HEICO by 61.7% during the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock worth $212,417,000 after buying an additional 362,625 shares during the last quarter. EULAV Asset Management grew its stake in HEICO by 23.4% during the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company's stock worth $67,250,000 after buying an additional 66,800 shares during the last quarter. TCW Group Inc. grew its stake in HEICO by 3.0% during the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company's stock worth $44,724,000 after buying an additional 5,779 shares during the last quarter. Driehaus Capital Management LLC grew its stake in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock worth $43,357,000 after buying an additional 77,067 shares during the last quarter. Finally, Vantage Investment Partners LLC purchased a new position in HEICO during the 2nd quarter worth $26,993,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

HEICO Price Performance

NYSE HEI traded up $0.25 during trading on Tuesday, hitting $248.94. 429,583 shares of the stock traded hands, compared to its average volume of 377,565. The company has a market capitalization of $34.50 billion, a P/E ratio of 73.00, a price-to-earnings-growth ratio of 3.61 and a beta of 1.22. The firm has a 50-day simple moving average of $257.39 and a 200-day simple moving average of $234.28. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO has a 12-month low of $155.42 and a 12-month high of $269.38.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The company's revenue for the quarter was up 37.3% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. As a group, analysts predict that HEICO will post 3.65 EPS for the current year.

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.