HEICO Co. (NYSE:HEI) Receives $267.36 Average Price Target from Analysts

Shares of HEICO Co. (NYSE:HEI) have received an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $267.36.

A number of research analysts have issued reports on HEI shares. William Blair reaffirmed an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Truist Financial reduced their target price on shares of HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company assumed coverage on shares of HEICO in a report on Tuesday, April 15th. They set an “equal weight” rating and a $244.00 target price for the company.

Insider Buying and Selling at HEICO

In other HEICO news, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the transaction, the director now owns 418 shares of the company’s stock, valued at approximately $102,924.14. The trade was a 62.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the transaction, the director now directly owns 157,197 shares of the company’s stock, valued at $37,659,685.29. The trade was a 24.13% decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEI. Compass Financial Services Inc acquired a new stake in shares of HEICO in the fourth quarter valued at about $26,000. Ridgewood Investments LLC grew its position in shares of HEICO by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. NBC Securities Inc. acquired a new stake in shares of HEICO in the first quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in shares of HEICO in the first quarter valued at about $27,000. Finally, Banque Transatlantique SA acquired a new stake in shares of HEICO in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Performance

Shares of HEICO stock opened at $281.07 on Friday. The company has a 50 day moving average price of $257.56 and a 200 day moving average price of $250.97. The firm has a market capitalization of $39.05 billion, a P/E ratio of 76.80, a PEG ratio of 3.10 and a beta of 1.05. HEICO has a 52 week low of $211.92 and a 52 week 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.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. Sell-side analysts expect that HEICO will post 4.2 EPS for the current 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.