HEICO (NYSE:HEI) Coverage Initiated by Analysts at KeyCorp

Equities researchers at KeyCorp initiated coverage on shares of HEICO (NYSE:HEIGet Free Report) in a research note issued on Thursday, MarketBeat reports. The firm set a “sector weight” rating on the aerospace company’s stock.

A number of other equities analysts have also recently weighed in on HEI. Morgan Stanley upped their price objective on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Truist Financial raised their price target on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Bank of America lifted their price objective on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. UBS Group assumed coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.20.

Check Out Our Latest Stock Report on HEICO

HEICO Price Performance

Shares of HEICO stock opened at $236.87 on Thursday. The firm has a market cap of $32.88 billion, a PE ratio of 64.72, a P/E/G ratio of 3.08 and a beta of 1.28. HEICO has a twelve month low of $171.14 and a twelve month high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $252.65 and a 200 day moving average price of $248.89.

HEICO (NYSE:HEIGet Free Report) last posted its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. Sell-side analysts predict that HEICO will post 4.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HEI. Driehaus Capital Management LLC increased its position in HEICO by 66.0% during 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 during the last quarter. EULAV Asset Management grew its stake in shares of HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after buying an additional 19,200 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of HEICO during the 3rd quarter worth approximately $4,502,000. Quantbot Technologies LP raised its position in shares of HEICO by 424.1% during the 3rd quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock valued at $4,916,000 after buying an additional 15,214 shares during the period. Finally, Integrated Investment Consultants LLC lifted its holdings in HEICO by 734.2% in the third quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company’s stock valued at $4,430,000 after acquiring an additional 14,911 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Company Profile

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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.

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Analyst Recommendations for HEICO (NYSE:HEI)

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