HEICO (NYSE:HEI) Receives Outperform Rating from William Blair

William Blair restated their outperform rating on shares of HEICO (NYSE:HEI - Free Report) in a research report sent to investors on Tuesday,RTT News reports.

A number of other equities analysts have also weighed in on HEI. Deutsche Bank Aktiengesellschaft lowered their target price on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Truist Financial lifted their target price on HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, KeyCorp assumed coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $271.40.

HEICO Stock Performance

HEICO stock traded down $2.60 during mid-day trading on Tuesday, hitting $266.03. 484,749 shares of the company's stock traded hands, compared to its average volume of 443,416. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The firm has a 50 day simple moving average of $245.22 and a two-hundred day simple moving average of $251.89. HEICO has a fifty-two week low of $185.03 and a fifty-two week high of $283.60. The stock has a market cap of $36.96 billion, a price-to-earnings ratio of 72.68, a P/E/G ratio of 3.10 and a beta of 1.26.

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

Institutional Investors Weigh In On HEICO

A number of institutional investors have recently added to or reduced their stakes in HEI. Compass Financial Services Inc bought a new stake in shares of HEICO in the fourth quarter worth $26,000. Banque Transatlantique SA bought a new stake in shares of HEICO in the 4th quarter valued at about $44,000. Berbice Capital Management LLC acquired a new stake in shares of HEICO in the fourth quarter valued at about $95,000. Brooklyn Investment Group bought a new position in shares of HEICO during the third quarter worth about $128,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of HEICO in the fourth quarter worth approximately $135,000. 27.12% of the stock is owned by institutional investors.

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.