Heico (NYSE:HEI) Given a $352.00 Price Target by Stifel Nicolaus Analysts

Heico (NYSE:HEI) received a $352.00 target price from equities researchers at Stifel Nicolaus in a research report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 11.07% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley upped their target price on Heico from $270.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 4th. UBS Group increased their price objective on shares of Heico from $264.00 to $306.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Truist Financial reduced their target price on shares of Heico from $294.00 to $277.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Barclays set a $280.00 target price on shares of Heico and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Heico from $244.00 to $278.00 and gave the stock an “equal weight” rating in a research note on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Heico has a consensus rating of “Moderate Buy” and a consensus price target of $286.00.

Heico Price Performance

Heico stock opened at $316.92 on Tuesday. The firm has a fifty day moving average of $279.63 and a 200-day moving average of $256.69. Heico has a 52-week low of $216.68 and a 52-week high of $320.01. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $44.08 billion, a P/E ratio of 74.05, a PEG ratio of 4.04 and a beta of 1.07.

Heico (NYSE:HEI) last announced its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. Heico had a net margin of 14.54% and a return on equity of 15.88%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. As a group, analysts predict that Heico will post 4.2 EPS for the current year.

Insider Buying and Selling at Heico

In other news, Director Frank J. Schwitter sold 356 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at approximately $448,650. The trade was a 19.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the sale, the director now directly owns 157,197 shares in the company, valued at approximately $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,056 shares of company stock worth $22,699,941 over the last quarter. 9.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ridgewood Investments LLC lifted its holdings in Heico by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 46 shares during the last quarter. Costello Asset Management INC acquired a new stake in shares of Heico during the 1st quarter worth approximately $27,000. NBC Securities Inc. bought a new stake in shares of Heico in the 1st quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its position in Heico by 17,800.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 178 shares during the period. Finally, Banque Transatlantique SA acquired a new position in Heico during the 4th quarter valued at approximately $44,000. 27.12% of the stock is owned by institutional investors and hedge funds.

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.