Brokerages Set Heico Corporation (NYSE:HEI) Target Price at $359.81

Heico Corporation (NYSE:HEI) has been assigned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $361.6875.

HEI has been the topic of a number of research analyst reports. Susquehanna boosted their price objective on shares of Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings lowered shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Truist Financial raised shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada upped their price target on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday.

Insider Buying and Selling

In other Heico news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.86% of the company’s stock.

Institutional Investors Weigh In On Heico

Several hedge funds have recently modified their holdings of HEI. Acadian Asset Management LLC boosted its stake in shares of Heico by 216.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company’s stock worth $368,000 after acquiring an additional 945 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Heico during the 2nd quarter worth about $2,338,000. PDT Partners LLC boosted its stake in shares of Heico by 52.6% during the 2nd quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock worth $12,798,000 after acquiring an additional 13,443 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Heico by 10.8% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,794 shares of the aerospace company’s stock worth $1,572,000 after acquiring an additional 468 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Heico by 2.1% during the 2nd quarter. IHT Wealth Management LLC now owns 5,717 shares of the aerospace company’s stock worth $1,875,000 after acquiring an additional 117 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Stock Performance

Shares of HEI stock opened at $347.98 on Wednesday. The business’s fifty day simple moving average is $286.62 and its 200-day simple moving average is $311.61. The company has a market cap of $48.55 billion, a PE ratio of 62.14, a PEG ratio of 4.22 and a beta of 0.95. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. Heico has a 12-month low of $256.11 and a 12-month high of $361.69.

Heico (NYSE:HEI) last issued its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. Heico had a return on equity of 17.98% and a net margin of 16.08%.The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. Analysts expect that Heico will post 5.56 earnings per share for the current fiscal year.

Heico Company Profile

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.