HEICO Co. (NYSE:HEI) Given Average Rating of “Moderate Buy” by Analysts

HEICO Co. (NYSE:HEI) has received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $270.20.

A number of research analysts recently commented on HEI shares. KeyCorp assumed coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial upped their target price on HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Morgan Stanley upped their price objective on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th.

Institutional Investors Weigh In On HEICO

Large investors have recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its holdings in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares during the period. EULAV Asset Management lifted its stake in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after purchasing an additional 51,500 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of HEICO by 3.7% in the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after purchasing an additional 13,100 shares during the last quarter. Finally, Vantage Investment Partners LLC raised its holdings in shares of HEICO by 31.0% during the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after buying an additional 37,943 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Price Performance

NYSE:HEI opened at $227.28 on Thursday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO has a 12-month low of $182.47 and a 12-month high of $283.60. The stock’s 50 day moving average price is $239.57 and its two-hundred day moving average price is $250.14. The firm has a market capitalization of $31.55 billion, a price-to-earnings ratio of 62.10, a P/E/G ratio of 3.19 and a beta of 1.29.

HEICO (NYSE:HEI) last announced its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts anticipate that HEICO will post 4.2 earnings per share for the current year.

HEICO Dividend Announcement

The business also recently declared 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 of this dividend was Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is presently 6.01%.

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.