Heico Corporation (NYSE:HEI – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $387.33.
Several brokerages recently issued reports on HEI. Morgan Stanley set a $345.00 target price on Heico and gave the stock an “equal weight” rating in a research report on Friday, October 16th. Stifel Nicolaus set a $410.00 price target on Heico in a research report on Thursday, August 27th. Melius Research set a $350.00 price target on Heico and gave the company a “hold” rating in a research note on Monday, September 14th. Guggenheim began coverage on Heico in a research report on Monday, September 14th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Heico from $421.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, August 28th.
View Our Latest Stock Report on HEI
Heico Stock Performance
NYSE:HEI opened at $309.33 on Friday. The stock has a fifty day moving average price of $315.98 and a 200-day moving average price of $320.71. The company has a market cap of $43.23 billion, a price-to-earnings ratio of 51.47, a PEG ratio of 2.49 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. Heico has a fifty-two week low of $256.11 and a fifty-two week high of $376.86.
Heico (NYSE:HEI – Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.51 by $0.16. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.00%. The company’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. As a group, equities analysts anticipate that Heico will post 6.29 EPS for the current fiscal year.
Insider Buying and Selling at Heico
In related news, Director Alan Schriesheim acquired 795 shares of the stock in a transaction dated Thursday, October 8th. The stock was bought at an average price of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director directly owned 1,202 shares of the company’s stock, valued at $264,800.60. The trade was a 195.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nanda Kumar Cheruvatath purchased 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was bought at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the purchase, the director owned 4,877 shares of the company’s stock, valued at approximately $1,074,403.10. This represents a 19.48% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 5,362 shares of company stock valued at $1,225,430 over the last ninety days. Insiders own 4.86% of the company’s stock.
Hedge Funds Weigh In On Heico
Several institutional investors have recently added to or reduced their stakes in the stock. NFSG Corp purchased a new position in shares of Heico during the 3rd quarter valued at $31,000. Compass Wealth Management LLC purchased a new stake in Heico during the third quarter valued at about $61,000. Osterweis Capital Management Inc. bought a new position in Heico during the second quarter worth about $81,000. Bayban boosted its position in Heico by 19.6% during the first quarter. Bayban now owns 330 shares of the aerospace company’s stock worth $90,000 after purchasing an additional 54 shares during the period. Finally, Oslo Pensjonsforsikring AS bought a new position in Heico during the first quarter worth about $100,000. Institutional investors own 27.12% of the company’s stock.
Heico Company Profile
HEICO Corporation (NYSE: HEI) is an aerospace, defense, electronics and specialty industrial company headquartered in Hollywood, Florida. Founded in 1957, the company serves commercial aviation, defense, space, medical, telecommunications and other specialized markets.
HEICO operates through two primary business groups. Its Flight Support Group produces and distributes FAA-approved aircraft replacement parts, jet-engine components, specialized aircraft equipment and other products used by commercial and military aircraft operators.
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