HEICO (NYSE:HEI) Price Target Lowered to $277.00 at Truist Financial

HEICO (NYSE:HEI - Free Report) had its price target lowered by Truist Financial from $294.00 to $277.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the aerospace company's stock.

Several other brokerages have also issued reports on HEI. William Blair reaffirmed an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Wells Fargo & Company assumed coverage on shares of HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price target for the company. KeyCorp assumed coverage on shares of HEICO in a research note on Thursday, January 16th. They set a "sector weight" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, HEICO presently has an average rating of "Moderate Buy" and a consensus price target of $267.36.

HEICO Stock Up 1.2 %

Shares of HEI stock traded up $2.85 on Thursday, reaching $240.11. 253,324 shares of the stock were exchanged, compared to its average volume of 459,987. HEICO has a twelve month low of $197.98 and a twelve month high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $33.36 billion, a price-to-earnings ratio of 65.76, a PEG ratio of 3.10 and a beta of 1.07. The business's 50 day moving average price is $250.40 and its 200 day moving average price is $250.43.

HEICO (NYSE:HEI - Get Free Report) last posted its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. As a group, sell-side analysts expect that HEICO will post 4.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HEICO

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in HEICO during the first quarter worth $27,000. Compass Financial Services Inc acquired a new position in HEICO during the fourth quarter valued at approximately $26,000. Banque Transatlantique SA bought a new stake in shares of HEICO in the 4th quarter worth about $44,000. Atwood & Palmer Inc. bought a new stake in HEICO in the first quarter valued at about $80,000. Finally, Berbice Capital Management LLC bought a new position in HEICO during the 4th quarter worth approximately $95,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Company Profile

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.