UBS Group Initiates Coverage on HEICO (NYSE:HEI)

UBS Group began coverage on shares of HEICO (NYSE:HEI - Free Report) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $277.00 target price on the aerospace company's stock.

Other research analysts have also issued research reports about the company. Truist Financial raised their price objective on HEICO from $248.00 to $264.00 and gave the company a buy rating in a research report on Wednesday, August 28th. Robert W. Baird lifted their target price on shares of HEICO from $243.00 to $280.00 and gave the stock an outperform rating in a report on Wednesday, August 28th. Royal Bank of Canada upped their target price on shares of HEICO from $250.00 to $272.00 and gave the stock an outperform rating in a research note on Wednesday, August 28th. Barclays started coverage on shares of HEICO in a report on Monday, August 19th. They issued an equal weight rating and a $250.00 price objective for the company. Finally, Benchmark reiterated a buy rating and set a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $264.90.

HEICO Trading Down 1.2 %

Shares of HEI stock traded down $3.26 during mid-day trading on Tuesday, reaching $262.93. The stock had a trading volume of 307,364 shares, compared to its average volume of 376,201. The firm has a market capitalization of $36.41 billion, a PE ratio of 83.69, a price-to-earnings-growth ratio of 3.69 and a beta of 1.22. The stock's 50-day moving average price is $252.59 and its two-hundred day moving average price is $229.03. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. HEICO has a 52-week low of $155.42 and a 52-week high of $269.38.

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

Insider Buying and Selling

In other HEICO news, insider Eric A. Mendelson sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 148,891 shares in the company, valued at approximately $27,707,126.19. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HEICO news, Director Frank J. Schwitter bought 475 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the transaction, the director now owns 1,730 shares of the company's stock, valued at $436,409.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric A. Mendelson sold 20,000 shares of the business's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the completion of the transaction, the insider now directly owns 148,891 shares in the company, valued at $27,707,126.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Institutional Trading of HEICO

A number of large investors have recently made changes to their positions in HEI. Clear Harbor Asset Management LLC boosted its stake in shares of HEICO by 0.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company's stock worth $5,109,000 after purchasing an additional 80 shares during the period. Avalon Capital Management boosted its position in HEICO by 3.5% during the second quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company's stock valued at $808,000 after purchasing an additional 123 shares in the last quarter. Verity Asset Management Inc. boosted its stake in HEICO by 2.2% in the first quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company's stock valued at $1,222,000 after acquiring an additional 139 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in HEICO by 12.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company's stock worth $275,000 after buying an additional 164 shares during the last quarter. Finally, Calamos Wealth Management LLC grew its stake in shares of HEICO by 14.7% during the second quarter. Calamos Wealth Management LLC now owns 1,560 shares of the aerospace company's stock worth $349,000 after acquiring an additional 200 shares during the last quarter. 27.12% of the stock is currently owned by 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.