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

Shares of HEICO Co. (NYSE:HEI) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $204.50.

Several brokerages have recently commented on HEI. Bank of America upgraded shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Thursday, January 25th. Stifel Nicolaus increased their target price on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada raised their price objective on shares of HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 26th.

HEICO Price Performance

HEICO stock opened at $196.64 on Friday. The stock’s 50 day moving average is $191.28 and its 200 day moving average is $178.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The firm has a market cap of $27.21 billion, a P/E ratio of 64.26, a P/E/G ratio of 3.24 and a beta of 1.16. HEICO has a one year low of $153.63 and a one year high of $200.64.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company’s revenue was up 44.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. As a group, research analysts expect that HEICO will post 3.47 EPS for the current year.

Insider Buying and Selling

In other HEICO news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the sale, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan Schriesheim sold 26,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the sale, the director now owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Capital World Investors raised its stake in HEICO by 10.5% in the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock valued at $586,036,000 after purchasing an additional 311,304 shares during the last quarter. Lazard Asset Management LLC grew its holdings in HEICO by 3.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,363,157 shares of the aerospace company’s stock valued at $209,434,000 after buying an additional 40,452 shares in the last quarter. Federated Hermes Inc. grew its holdings in HEICO by 8.3% in the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after buying an additional 43,509 shares in the last quarter. Select Equity Group L.P. purchased a new stake in HEICO in the 1st quarter valued at $85,710,000. Finally, Balyasny Asset Management L.P. grew its holdings in HEICO by 336.7% in the 1st quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company’s stock valued at $59,584,000 after buying an additional 268,584 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

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.