Heico Corporation (NYSE:HEI) Stock Has Consensus Target Price of $392.14

Heico Corporation (NYSE:HEI) has been given an average rating of “Moderate Buy” by the seventeen research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $391.07.

A number of analysts have issued reports on HEI shares. Citigroup lifted their price objective on Heico from $429.00 to $441.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Melius Research set a $350.00 target price on shares of Heico and gave the company a “hold” rating in a report on Monday, September 14th. The Goldman Sachs Group restated a “buy” rating and issued a $491.00 price target on shares of Heico in a research report on Monday, August 31st. Deutsche Bank Aktiengesellschaft set a $421.00 price target on shares of Heico and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th.

Institutional Trading of Heico

Several hedge funds and other institutional investors have recently bought and sold shares of HEI. Van Hulzen Asset Management LLC bought a new position in Heico during the second quarter valued at $431,000. WINTON GROUP Ltd lifted its holdings in shares of Heico by 124.4% in the 2nd quarter. WINTON GROUP Ltd now owns 4,758 shares of the aerospace company’s stock worth $1,695,000 after acquiring an additional 2,638 shares during the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of Heico in the 2nd quarter worth about $1,315,000. Strive Financial Group LLC purchased a new position in shares of Heico during the 2nd quarter worth about $176,000. Finally, Safeguard Investment Advisory Group LLC bought a new position in Heico during the 2nd quarter valued at about $2,330,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Trading Up 1.0%

HEI stock opened at $306.35 on Tuesday. 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. The business has a 50 day simple moving average of $336.31 and a two-hundred day simple moving average of $319.33. The company has a market capitalization of $42.82 billion, a price-to-earnings ratio of 50.97, a PEG ratio of 2.55 and a beta of 1.09.

Heico (NYSE:HEI) last released its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.00%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Research analysts anticipate that Heico will post 6.25 EPS for the current fiscal year.

About Heico

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.