Brokerages Set HEICO Co. (NYSE:HEI) Price Target at $236.89

HEICO Co. (NYSE:HEI) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $236.89.

Several research firms have weighed in on HEI. Stifel Nicolaus increased their target price on HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Benchmark increased their price target on shares of HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Robert W. Baird boosted their price objective on shares of HEICO from $223.00 to $243.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Royal Bank of Canada increased their target price on shares of HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Finally, Truist Financial lifted their price target on shares of HEICO from $240.00 to $248.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

Insiders Place Their Bets

In other news, insider Eric A. Mendelson sold 53,510 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $182.02, for a total value of $9,739,890.20. Following the sale, the insider now directly owns 168,891 shares in the company, valued at $30,741,539.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Eric A. Mendelson sold 53,510 shares of HEICO stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total value of $9,739,890.20. Following the sale, the insider now directly owns 168,891 shares in the company, valued at $30,741,539.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the sale, the insider now directly owns 222,401 shares in the company, valued at approximately $40,152,276.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,206 shares of company stock worth $11,850,127. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On HEICO

Several hedge funds have recently modified their holdings of HEI. Zeno Equity Partners LLP acquired a new position in HEICO during the fourth quarter valued at approximately $25,000. Center for Financial Planning Inc. bought a new position in shares of HEICO in the second quarter valued at $52,000. American National Bank acquired a new position in HEICO during the second quarter worth $66,000. Psagot Value Holdings Ltd. Israel bought a new stake in HEICO during the fourth quarter worth $70,000. Finally, FSC Wealth Advisors LLC acquired a new stake in HEICO in the second quarter valued at $73,000. Institutional investors own 27.12% of the company’s stock.

HEICO Stock Performance

HEICO stock opened at $230.76 on Friday. HEICO has a 1 year low of $155.42 and a 1 year high of $233.99. The company’s 50-day moving average is $224.02 and its two-hundred day moving average is $203.00. The company has a current ratio of 3.52, a quick ratio of 1.57 and a debt-to-equity ratio of 0.69. The company has a market cap of $31.96 billion, a PE ratio of 72.57, a PEG ratio of 3.38 and a beta of 1.20.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The business had revenue of $955.40 million for the quarter, compared to analyst estimates of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. HEICO’s revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. Equities analysts anticipate that HEICO will post 3.57 earnings per share for the current year.

HEICO Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a $0.11 dividend. This is a boost from HEICO’s previous Semi-Annual dividend of $0.07. This represents a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 1st. HEICO’s payout ratio is currently 6.92%.

HEICO Company Profile

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.