HEICO (HEI) Stock Price, News & Analysis

Company Overview

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. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, and other instruments utilized on military aircraft. The company's Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and radio frequency (RF) interference shielding and suppression filters; power conversion and interface; interconnection devices; and underwater locator beacons and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; memory products and specialty semiconductors; harsh environment connectivity products and custom molded cable assemblies; RF and microwave products; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems and airborne antennas; nuclear radiation detectors; silicone products; power amplifiers; ceramic-to-metal feedthroughs and connectors; technical surveillance countermeasures equipment; RF receivers and sources; embedded computing solutions; test sockets and adapters; and radiation assurance services. The company was incorporated in 1957 and is headquartered in Hollywood, Florida.

Key Stats

• Today's Range: $278.12 to $282.82
• 50-Day Range: $244.75 to $279.14
• 52-Week Range: $167.56 to $282.82
• Volume: 366,473 shs
• Average Volume: 481,370 shs
• Market Capitalization: $38.67 billion
• P/E Ratio: 81.82
• Dividend Yield: 0.08%
• Price Target: $270.70
• Consensus Rating: Moderate Buy

HEICO Stock Analysis - MarketRank™

HEICO scored higher than 76% of companies evaluated by MarketBeat, and ranked 17th out of 50 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

HEICO has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

HEICO has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 16.44%

Earnings Growth

Earnings for HEICO are expected to grow by 16.44% in the coming year, from $3.65 to $4.25 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HEICO is 81.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.67.

Price to Earnings Ratio vs. Sector

The P/E ratio of HEICO is 81.82, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 32.65.

Price to Earnings Growth Ratio

HEICO has a PEG Ratio of 3.36. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

HEICO has a P/B Ratio of 12.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.63% of the float of HEICO has been sold short.

Short Interest Ratio / Days to Cover

HEICO has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in HEICO has recently increased by 7.73%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

HEICO has a dividend yield of 0.08%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

HEICO has been increasing its dividend for 17 years.

Dividend Coverage

The dividend payout ratio of HEICO is 6.45%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, HEICO will have a dividend payout ratio of 5.18% next year. This indicates that HEICO will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.63% of the float of HEICO has been sold short.

Short Interest Ratio / Days to Cover

HEICO has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in HEICO has recently increased by 7.73%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.07

News Sentiment

HEICO has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Aerospace companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for HEICO this week, compared to 5 articles on an average week.

Search Interest

20 people have searched for HEI on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.

MarketBeat Follows

10 people have added HEICO to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, HEICO insiders have bought 933.32% more of their company's stock than they have sold. Specifically, they have bought $691,718.00 in company stock and sold $66,941.00 in company stock.

Percentage Held by Insiders

Only 8.10% of the stock of HEICO is held by insiders.

Percentage Held by Institutions

Only 27.12% of the stock of HEICO is held by institutions.

HEI Stock Analysis - Frequently Asked Questions

How have HEI shares performed this year?

HEICO's stock was trading at $178.87 on January 1st, 2024. Since then, HEI shares have increased by 56.0% and is now trading at $279.02.
View the best growth stocks for 2024 here.

How were HEICO's earnings last quarter?

HEICO Co. (NYSE:HEI) issued its quarterly earnings results on Monday, August, 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. The company's revenue for the quarter was up 37.3% on a year-over-year basis.

When did HEICO's stock split?

Shares of HEICO split before market open on Thursday, June 28th 2018. The 5-4 split was announced on Tuesday, June 12th 2018. The newly minted shares were distributed to shareholders after the closing bell on Wednesday, June 27th 2018. An investor that had 100 shares of stock prior to the split would have 125 shares after the split.

Does HEICO have any subsidiaries?

The following companies are subsidiaries of HEICO: Connect Tech Inc., Intelligent Devices LLC, Transformational Security LLC, Rocky Mountain Hydrostatics, Freebird Semiconductor Corporation, Spectralux Avionics, Quell Corporation, and more.

Who are HEICO's major shareholders?

Top institutional investors of HEICO include EULAV Asset Management (0.29%), Two Sigma Advisers LP (0.26%), Jennison Associates LLC (0.18%) and TCW Group Inc. (0.14%). Insiders that own company stock include Victor H Mendelson, Laurans A Mendelson, Alan Schriesheim, Eric A Mendelson, Thomas S Irwin, Thomas M Culligan, Frank J Schwitter, Mark H Hildebrandt and Julie Neitzel.
View institutional ownership trends.

How do I buy shares of HEICO?

Shares of HEI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of HEICO own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HEICO investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Invesco QQQ (QQQ), Broadcom (AVGO), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/26/2024
• Today: 11/23/2024
• Next Earnings (Estimated): 12/16/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Aerospace
• Industry: Aircraft engines & engine parts
• Sub-Industry: Aerospace & Defense
• Current Symbol: NYSE:HEI
• CUSIP: 42280610
• CIK: 46619
• Web: www.heico.com
• Phone: (954) 987-4000
• Fax: 954-987-8228
• Employees: 9,600
• Year Founded: 1957

Price Target and Rating

• Average Stock Price Target: $270.70
• High Stock Price Target: $285.00
• Low Stock Price Target: $245.00
• Potential Upside/Downside: -3.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.73
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.41
• Trailing P/E Ratio: 81.82
• Forward P/E Ratio: 76.44
• P/E Growth: 3.36
• Net Income: $403.60 million
• Net Margins: 12.64%
• Pretax Margin: 16.95%
• Return on Equity: 14.51%
• Return on Assets: 6.70%

Debt

• Debt-to-Equity Ratio: 0.63
• Current Ratio: 3.30
• Quick Ratio: 1.47

Sales & Book Value

• Annual Sales: $3.78 billion
• Price / Sales: 10.23
• Cash Flow: $4.04 per share
• Price / Cash Flow: 69.06
• Book Value: $23.10 per share
• Price / Book: 12.08

Miscellaneous

• Outstanding Shares: 138,598,000
• Free Float: 127,372,000
• Market Cap: $38.67 billion
• Optionable: Optionable
• Beta: 1.23