Heico Corporation (NYSE:HEI) Receives $395.71 Consensus PT from Brokerages

Shares of Heico Corporation (NYSE:HEI) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $395.3846.

HEI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $421.00 price target on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Royal Bank Of Canada upped their price objective on Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. UBS Group reaffirmed a “neutral” rating and issued a $396.00 target price (up from $382.00) on shares of Heico in a report on Thursday, August 27th. Finally, Susquehanna lifted their target price on Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research report on Friday, May 29th.

Insider Activity

In related news, CAO Bradley Rowen sold 1,326 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.86% of the company’s stock.

Hedge Funds Weigh In On Heico

Several large investors have recently added to or reduced their stakes in HEI. IFC & Insurance Marketing Inc. purchased a new stake in shares of Heico in the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after buying an additional 80 shares during the period. Birchwood Financial Partners Inc. bought a new position in Heico in the 4th quarter worth $32,000. Miller Capital Partners Inc. purchased a new stake in Heico in the 4th quarter worth $70,000. Finally, BNP Paribas purchased a new stake in Heico in the 4th quarter worth $79,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Price Performance

NYSE HEI opened at $325.63 on Friday. The business’s fifty day moving average price is $352.65 and its 200-day moving average price is $321.47. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 2.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. Heico has a 1-year low of $256.11 and a 1-year high of $376.86.

Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.51 by $0.16. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.36 billion. Heico had a return on equity of 18.00% and a net margin of 16.38%.Heico’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. On average, equities analysts predict that Heico will post 6.21 earnings per share for the current year.

Heico Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. This represents a dividend yield of 7.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Heico’s payout ratio is presently 4.33%.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.