HEICO Co. (NYSE:HEI) Receives Average Recommendation of “Moderate Buy” from Analysts

HEICO Co. (NYSE:HEI) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $270.20.

A number of research firms recently weighed in on HEI. UBS Group initiated coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price target for the company. Royal Bank of Canada lifted their target price on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Stifel Nicolaus increased their price target on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Robert W. Baird increased their target price on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th.

HEICO Price Performance

Shares of NYSE HEI opened at $240.05 on Wednesday. The company has a market capitalization of $33.27 billion, a price-to-earnings ratio of 70.40, a PEG ratio of 3.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. HEICO has a 1-year low of $169.70 and a 1-year high of $283.60. The business has a 50-day moving average of $260.23 and a 200-day moving average of $248.28.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $0.74 earnings per share. HEICO’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that HEICO will post 3.64 EPS for the current fiscal year.

HEICO Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a yield of 0.1%. HEICO’s payout ratio is 6.01%.

Insiders Place Their Bets

In other news, insider Victor H. Mendelson purchased 726 shares of the stock in a transaction dated Friday, October 18th. The stock was acquired at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the transaction, the insider now owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. The trade was a 0.06 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Schriesheim sold 332 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 2,175 shares of company stock valued at $571,895. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP boosted its position in shares of HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after buying an additional 13,100 shares during the period. Driehaus Capital Management LLC grew its stake in shares of HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after purchasing an additional 77,067 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in shares of HEICO by 7.4% during the second quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company’s stock valued at $7,190,000 after purchasing an additional 2,244 shares during the period. Bright Rock Capital Management LLC bought a new stake in shares of HEICO during the third quarter valued at about $1,830,000. Finally, Seven Eight Capital LP acquired a new stake in HEICO in the second quarter worth about $423,000. Institutional investors own 27.12% of the company’s stock.

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.