Heico Corporation (NYSE:HEI) Given Average Recommendation of “Moderate Buy” by Analysts

Heico Corporation (NYSE:HEI) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $364.4286.

Several equities analysts recently weighed in on HEI shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 price objective (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. BNP Paribas Exane set a $330.00 target price on Heico in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a research note on Monday, December 29th. Citigroup reissued a “buy” rating and issued a $415.00 price objective (up from $367.00) on shares of Heico in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus set a $370.00 target price on shares of Heico and gave the company a “buy” rating in a report on Monday, December 22nd.

Institutional Investors Weigh In On Heico

Several hedge funds have recently modified their holdings of the company. Westside Investment Management Inc. raised its position in shares of Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after buying an additional 43 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in Heico in the 3rd quarter worth approximately $29,000. Hazlett Burt & Watson Inc. acquired a new position in Heico in the 3rd quarter valued at $31,000. V Square Quantitative Management LLC purchased a new stake in shares of Heico in the fourth quarter valued at $37,000. Finally, FNY Investment Advisers LLC grew its position in shares of Heico by 862.5% in the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 138 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Heico Stock Performance

Shares of HEI opened at $336.01 on Thursday. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. Heico has a 52-week low of $216.68 and a 52-week high of $361.69. The company has a 50-day simple moving average of $327.11 and a 200-day simple moving average of $320.77. The company has a market capitalization of $46.83 billion, a PE ratio of 68.43, a P/E/G ratio of 3.69 and a beta of 1.03.

Heico (NYSE:HEI) last issued its earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.11. Heico had a net margin of 15.39% and a return on equity of 16.80%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities research analysts predict that Heico will post 4.2 earnings per share for the current fiscal year.

Heico Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were given a dividend of $0.12 per share. This represents a yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s dividend payout ratio (DPR) is currently 4.89%.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.