HEICO Co. (NYSE:HEI) Receives $270.20 Consensus Price Target from Analysts

HEICO Co. (NYSE:HEI) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $270.20.

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Truist Financial lifted their price target on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. KeyCorp began coverage on HEICO in a research report on Thursday. They issued a “sector weight” rating for the company. UBS Group initiated coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th.

HEICO Price Performance

HEICO stock opened at $236.87 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The business has a 50 day simple moving average of $252.65 and a 200-day simple moving average of $249.07. HEICO has a 12 month low of $171.14 and a 12 month high of $283.60. The stock has a market capitalization of $32.88 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 3.08 and a beta of 1.28.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. HEICO’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. Equities analysts predict that HEICO will post 4.21 earnings per share for the current year.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s payout ratio is currently 6.01%.

Hedge Funds Weigh In On HEICO

Hedge funds have recently bought and sold shares of the stock. Driehaus Capital Management LLC raised its position in shares of HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after buying an additional 77,067 shares during the last quarter. EULAV Asset Management raised its holdings in 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 acquiring an additional 19,200 shares during the last quarter. Marsico Capital Management LLC raised its holdings in HEICO by 19.3% in the 2nd quarter. Marsico Capital Management LLC now owns 114,236 shares of the aerospace company’s stock valued at $25,544,000 after acquiring an additional 18,465 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of HEICO during the third quarter worth $4,502,000. Finally, Quantbot Technologies LP grew its position in shares of HEICO by 424.1% in the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock valued at $4,916,000 after purchasing an additional 15,214 shares during the period. Hedge funds and other institutional investors 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.