Analysts Set HEICO Co. (NYSE:HEI) Target Price at $271.40

HEICO Co. (NYSE:HEI) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $271.40.

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Truist Financial increased their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th.

HEICO Stock Performance

NYSE HEI opened at $266.03 on Friday. The company has a market capitalization of $36.96 billion, a PE ratio of 72.68, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO has a 52-week low of $185.03 and a 52-week high of $283.60. The company has a 50-day simple moving average of $245.22 and a 200 day simple moving average of $251.85.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. On average, research analysts predict that HEICO will post 4.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HEI. Morse Asset Management Inc grew its position in HEICO by 0.6% during the third quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock worth $1,623,000 after buying an additional 38 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of HEICO by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 46 shares in the last quarter. Moran Wealth Management LLC increased its position in shares of HEICO by 1.9% in the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock worth $639,000 after purchasing an additional 51 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in HEICO by 5.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company’s stock valued at $248,000 after purchasing an additional 56 shares during the last quarter. Finally, Centaurus Financial Inc. grew its stake in HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after buying an additional 60 shares in the last quarter. 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.