HEICO Co. (NYSE:HEI) Receives $270.70 Average Target Price from Brokerages

Shares of HEICO Co. (NYSE:HEI) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $270.70.

A number of analysts have recently issued reports on HEI shares. Benchmark reissued a “buy” rating and issued a $245.00 price target on shares of HEICO in a research report on Tuesday, August 27th. Barclays initiated coverage on shares of HEICO in a research note on Monday, August 19th. They set an “equal weight” rating and a $250.00 target price for the company. Robert W. Baird upped their price target on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Stifel Nicolaus lifted their price objective on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, UBS Group assumed coverage on HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 target price on the stock.

Insider Buying and Selling at HEICO

In other news, Director Alan Schriesheim sold 332 shares of HEICO stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank J. Schwitter bought 475 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $252.26 per share, with a total value of $119,823.50. Following the purchase, the director now owns 1,730 shares in the company, valued at $436,409.80. This trade represents a 37.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,650 shares of company stock worth $691,718 over the last 90 days. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AGF Management Ltd. increased its position in HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after acquiring an additional 362,625 shares during the period. EULAV Asset Management increased its holdings in shares of HEICO by 5.0% during the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after purchasing an additional 19,200 shares during the period. Two Sigma Advisers LP raised its position in shares of HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after buying an additional 13,100 shares during the last quarter. TCW Group Inc. lifted its stake in shares of HEICO by 3.0% in the second quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after buying an additional 5,779 shares during the period. Finally, Driehaus Capital Management LLC grew its position in HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after buying an additional 77,067 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Price Performance

Shares of NYSE:HEI opened at $273.33 on Friday. The company has a market cap of $37.88 billion, a P/E ratio of 80.16, a price-to-earnings-growth ratio of 3.29 and a beta of 1.23. The company’s fifty day moving average is $262.53 and its two-hundred day moving average is $243.01. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO has a 12-month low of $169.08 and a 12-month high of $283.60.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million for the quarter, compared to analyst estimates of $995.34 million. During the same period in the previous year, the firm earned $0.77 earnings per share. HEICO’s quarterly revenue was up 37.3% on a year-over-year basis. Equities analysts expect that HEICO will post 3.65 earnings per share for the current fiscal year.

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.