Brokerages Set HEICO Co. (NYSE:HEI) Price Target at $206.00

HEICO Co. (NYSE:HEI) has received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $206.00.

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Stifel Nicolaus upped their price objective on shares of HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday. Finally, Bank of America upgraded shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Thursday, January 25th.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the sale, the director now owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the transaction, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On HEICO

Several institutional investors and hedge funds have recently bought and sold shares of HEI. Capital World Investors lifted its holdings in shares of HEICO by 10.5% in the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock worth $586,036,000 after purchasing an additional 311,304 shares during the last quarter. Federated Hermes Inc. grew its position in shares of HEICO by 8.3% during the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after acquiring an additional 43,509 shares during the last quarter. Mar Vista Investment Partners LLC increased its holdings in shares of HEICO by 22.8% in the 3rd quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company’s stock worth $42,305,000 after acquiring an additional 48,447 shares during the period. EULAV Asset Management lifted its position in HEICO by 50.9% in the 3rd quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company’s stock valued at $37,826,000 after purchasing an additional 78,779 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in HEICO by 10.6% during the 4th quarter. TCW Group Inc. now owns 176,102 shares of the aerospace company’s stock valued at $31,499,000 after purchasing an additional 16,878 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Price Performance

HEICO stock opened at $212.72 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $29.43 billion, a PE ratio of 69.52, a P/E/G ratio of 3.46 and a beta of 1.11. The firm’s 50-day simple moving average is $195.41 and its 200 day simple moving average is $183.46. HEICO has a 52 week low of $153.63 and a 52 week high of $213.63.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The business’s revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share. On average, equities research analysts predict that HEICO will post 3.47 EPS for the current fiscal year.

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.