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

HEICO Co. (NYSE:HEI) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $279.45.

HEI has been the topic of several recent research reports. William Blair restated an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Wall Street Zen upgraded shares of HEICO from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Truist Financial cut their price target on shares of HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. UBS Group boosted their price target on shares of HEICO from $264.00 to $306.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Finally, Wells Fargo & Company boosted their price target on shares of HEICO from $244.00 to $278.00 and gave the company an “equal weight” rating in a report on Friday, May 30th.

HEICO Trading Down 1.2%

HEICO stock opened at $299.95 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market cap of $41.72 billion, a price-to-earnings ratio of 81.95, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. HEICO has a 1 year low of $216.68 and a 1 year high of $305.00. The firm’s 50 day moving average price is $265.54 and its two-hundred day moving average price is $253.56.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, research analysts predict that HEICO will post 4.2 EPS for the current fiscal year.

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 transaction of $172,361.00. Following the completion of the sale, the director now owns 418 shares of the company’s stock, valued at $102,924.14. This trade represents a 62.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 sale, the director now directly owns 157,197 shares of the company’s stock, valued at $37,659,685.29. This trade represents a 24.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,056 shares of company stock valued at $22,699,941 in the last quarter. Company insiders own 9.55% of the company’s stock.

Institutional Investors Weigh In On HEICO

Institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC grew its position in HEICO by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 46 shares in the last quarter. Costello Asset Management INC bought a new stake in HEICO in the first quarter worth approximately $27,000. NBC Securities Inc. bought a new stake in HEICO in the first quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its position in HEICO by 17,800.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 178 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in HEICO in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

About HEICO

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.