Brokerages Set Heico Corporation (NYSE:HEI) Price Target at $343.62

Heico Corporation (NYSE:HEI) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $343.6154.

HEI has been the topic of several analyst reports. Barclays lifted their target price on Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. UBS Group upped their target price on shares of Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Bank of America increased their target price on shares of Heico from $355.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Weiss Ratings lowered shares of Heico from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday.

Heico Trading Down 1.2%

HEI opened at $311.80 on Wednesday. Heico has a fifty-two week low of $216.68 and a fifty-two week high of $338.92. The firm has a market capitalization of $43.41 billion, a PE ratio of 68.23, a P/E/G ratio of 3.10 and a beta of 1.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51. The company’s 50-day moving average is $314.78 and its 200 day moving average is $313.34.

Insider Activity

In other Heico news, Director Carol F. Fine purchased 672 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, for a total transaction of $163,920.96. Following the completion of the acquisition, the director owned 672 shares of the company’s stock, valued at $163,920.96. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adolfo Henriques acquired 676 shares of the business’s stock in a transaction on Friday, October 10th. The stock was acquired at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the transaction, the director owned 24,069 shares of the company’s stock, valued at approximately $5,871,151.17. The trade was a 2.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 4,448 shares of company stock worth $1,086,933. Corporate insiders own 9.55% of the company’s stock.

Institutional Investors Weigh In On Heico

Several large investors have recently made changes to their positions in HEI. Avalon Capital Management lifted its stake in Heico by 0.9% in the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock valued at $1,278,000 after purchasing an additional 33 shares during the last quarter. Ridgewood Investments LLC lifted its position in shares of Heico by 36.5% during the 2nd quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after buying an additional 35 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of Heico by 5.8% during the 3rd quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock valued at $211,000 after buying an additional 36 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Heico by 4.4% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock worth $286,000 after acquiring an additional 37 shares during the period. Finally, Westside Investment Management Inc. raised its stake in Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 43 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

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.